by Gerhard Massenbauer | Oct 24, 2025 | Analysis, Markets, Multi-currency
There has been no change since last month’s assessment. Asian currencies remain strong against the US dollar, albeit less so than against the euro, which has appreciated more strongly than the Japanese yen, Chinese yuan, or ASEAN currencies this year. Apart from...
by Gerhard Massenbauer | Oct 17, 2025 | Analysis, Markets, Multi-currency
100% Tariffs Against China are on the Table On Friday evening, I returned to Vienna from the Alpbach Financial Symposium. En route, I saw a news report stating that Trump intended to impose 100% tariffs on Chinese exports and cancel the planned meeting with Xi Jinping...
by Gerhard Massenbauer | Oct 10, 2025 | Analysis, Markets, Multi-currency
From an economic perspective, apart from the ongoing drone incidents, the outlook for CEE currencies is likely to remain positive in the coming months and well into 2026. Relatively large wage increases are supporting consumption, while inflation, which has now...
by Gerhard Massenbauer | Oct 3, 2025 | Analysis, Markets, Multi-currency
Over the past few months, I have repeatedly emphasised that the rise of the USD against the euro over the past 15 years was caused by unsecured stock investments. Contrary to the frequent suggestion that foreigners have been withdrawing money from the US in recent...
by Gerhard Massenbauer | Sep 26, 2025 | Analysis, Markets, Multi-currency
Emerging markets generally experience gains in value during periods of relative weakness in the USD. Over the past 18 months, the Fed’s failure to significantly cut interest rates, unlike in Europe and Asia where inflation rates fell more sharply, has had a...
by Gerhard Massenbauer | Sep 22, 2025 | Analysis, Markets, Multi-currency
The Race is on! Who Will Last the Longest? In recent years, I have repeatedly pointed out that it is no surprise that the US is growing faster and is more productive than Europe, because, unlike in Europe, credit growth was not reduced, but instead massively...
