Lagarde called the strengthening of the euro contrary to common sense but reasonable and justified.

European Central Bank President Christine Lagarde attributes the recent appreciation of the euro against the US dollar to the unpredictable policies of US President Donald Trump, and sees this as an opportunity for Europe. Lagarde is optimistic about the European economy, citing improvements in employment and purchasing power, and warns against challenging the autonomy of monetary policy authorities. Lagarde emphasizes the digital euro and the single capital market, stating that in these two areas "there is a stronger momentum that I have never seen during my six-year term." "We also need to achieve coordinated regulation, just like we did in the banking sector." So far this year, investors have been selling off the dollar, and the dollar has depreciated against other major currencies. This largely reflects concerns about US policy making, from the unpredictable tariff policies that could harm the US economy to threats to the independence of the Federal Reserve.