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 3, 2025 | Analysis, Multi-currency
The prospect of falling interest rates in the U.S. could bode well for currency developments in emerging markets. Last year, many central banks did not cut interest rates because they were concerned that doing so would further weaken their currencies if US interest...
by Gerhard Massenbauer | Feb 27, 2025 | Analysis, Markets, Multi-currency
If you follow the thinking in the media, it would seem that the strength of the USD is a fact of life. I am not convinced that this trend will continue for very long. Since the USD crossed 1.0860 EUR/USD (lower band level 2023/2024), the euro has fallen very quickly....
