by Gerhard Massenbauer | Jul 19, 2025 | Analysis, Markets, Multi-currency
Given the ongoing negotiations with Canada, Trump’s recent announcement to impose a 35% tariff starting August 1, 2025, is frustrating. Canada is an important trading partner and neighbor. Trump’s approach is probably intended to put significant pressure...
by Gerhard Massenbauer | Jul 11, 2025 | Analysis, Markets, Multi-currency
When it comes to understanding major currency movements, it’s clear that we’re seeing global USD weakness today. The BBB (big, beautiful bill) will highlight this and, in line with the interests of the U.S. government, ensure that the dollar remains under...
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...
