by Gerhard Massenbauer | Jun 30, 2025 | Analysis, Markets, Multi-currency
The USD Continues to Decline Over the past 15 years, we have become accustomed to the USD appreciating. However, in 2025 it lost 12% of its value, only a small part of its previous appreciation. Since the beginning of March, the depreciation of the USD has accelerated...
by Gerhard Massenbauer | Jun 25, 2025 | Analysis, Markets, Multi-currency
Israel has announced its intention to attack Iran. There have been increasing signs of this possibility for some time, and I pointed out the risk a few issues ago. I am beginning this issue with this announcement, although it does little to alter the fundamental...
by Gerhard Massenbauer | Jun 20, 2025 | Analysis, Markets, Multi-currency
The recovery of stock markets has also helped to stabilise CEE currencies. They continued to rise against the US dollar in line with the euro, with the Polish zloty (PLN) standing out in particular, rising more sharply against the US dollar than the euro. The Czech...
by Gerhard Massenbauer | Jun 9, 2025 | Analysis, Markets, Multi-currency
One thing is certain: this year will go down in history. I try to anticipate how events will be assessed and justified in a few years’ time, and if I look at the last 25 years of my work, I have mostly been right. In about 14 days’ time, in issue 12, I...
by Gerhard Massenbauer | Jun 4, 2025 | Analysis, Markets, Multi-currency
Imposing High Tariffs on the EU Could Lead to Greater Fluctuation The policies of the Trump 2.0 administration are causing a great deal of uncertainty. Interestingly, the announcement of a 50% tariff on EU imports has not led to a significant weakening of the euro. In...