ECB official Martin Kocher attributes euro gains to dollar weakness

European Central Bank official Martin Kocher says euro gains reflect dollar weakness rather than regional strength. He noted Europe is seen as a safe haven.

European Central Bank policymaker Martin Kocher martin kocher stated on February 6, 2026, that the recent strength of the euro against the dollar is primarily the result of weakness in the US USUS dollar rather than underlying euro strength. In an official assessment announced at 11:18:51.000Z, Martin Kocher martin kocher suggested that this dollar weakness may be politically desired, providing a key narrative for the foreign exchange market to consider when evaluating current currency trends.
European Central Bank policymaker Martin Kocher holds his first press conference as head of the Austrian National Bank (OeNB) in Vienna, Austria, on September 12, 2025. REUTERS/Lisa Leutner
European Central Bank policymaker Martin Kocher holds his first press conference as head of the Austrian National Bank (OeNB) in Vienna, Austria, on September 12, 2025. REUTERS/Lisa Leutner
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