I think that the early decline coincides with the introduction of the Single European Payment Area. 

Just insane how in the beginning of the chart, it's even higher than USD at one point, this is almost a 50% drop in a decade. 

The fear of de-dollarisation is also overstated. 
The problem with countries selling are more because they need to pump up their own currencies

kingzing131

This might explain their rising distaste for bitcoin 

It coincides with dollar rising in value, euro falling in value. 


Interesting chart. Are there any explanations to what caused the sudden eur drop over the last 2 years?

RedRadish688

econ

![](https://pbs.twimg.com/media/GPLgAUjWYAApXQ8?format=jpg&name=medium)

(i know most discussion about De-Dollarization is more focused on reserves. But I still feel like the decline of Europes economic influence is the far more unambiguously true)