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ECB's Villeroy says Trump policies have eroded confidence in US dollar

ReutersApr 10, 2025 6:02 AM

PARIS, April 10 (Reuters) - US President Donald Trump's policies in recent weeks have eroded confidence in the US dollar, European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Thursday.

Speaking on France Inter radio, Villeroy, who is also head of the Bank of France, also said that the protectionism and unpredictability of the Trump administration were "bad elements" for the US economy.

On Wednesday, U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending global stocks rocketing higher.

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