ECB's Schnabel says the Euro increasingly acting as a haven, boosting global role

ECB's Schnabel says the Euro increasingly acting as a haven, boosting global role.

Schnabel's comments suggest the Euro is gaining stature as a safe haven, reflecting its increasing global appeal, which may influence market dynamics as investors seek refuge during volatility. This perception can lead to appreciation in EUR, impacting cross-asset flows including fixed income, as it may shift investor sentiment towards euro-denominated assets. Watch if this reshapes expectations regarding the ECB's policy stance as a stronger Euro could complicate the inflation outlook.