by Gerhard Massenbauer | Jul 7, 2025 | Analysis, Markets, Multi-currency
The war that Israel started was not unexpected. It was more successful than expected, but probably also had more consequences. It was important for Israel that it succeeded in persuading the USA under Trump to bomb a sovereign state. It was probably also a...
by Gerhard Massenbauer | Jul 3, 2025 | Analysis, Markets, Multi-currency
The Picture of Safe Haven Flows Looks Different Today The number of trouble spots is increasing, as is their importance. Although there may be an opportunity to do so in the course of the year, the war in Ukraine is far from over. Even if Donald Trump loudly proclaims...
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...
