Ralph Weidenmann, Partner
German electoral campaign: Debate shifts from envy to euro. Gold: The central banks’ perspective. US dollar: Favorable entry level. In the forthcoming electoral campaign for German Bundestag seats, the SPD-incited jealousy debate (tax evaders, focus Switzerland) has transitioned to a euro debate. Many German citizens want to see a tougher stance in transfer payments to peripheral euro countries in the >>
Is the SNB’s balance sheet a role model for the ECB? Will Italy dump the euro after the parliamentary elections? So far this year, the British pound has been the loser among the major currencies. The pound sterling has lost about 10 percent versus the US dollar (see graph). On the one hand, this reflects the fact that US economic >>
Western industrial nations G7 and G20 give thumbs down to forex manipulation – merely wishful thinking? How long will the euro remain firm versus the franc? After a long-lasting weakness of the Brazilian currency (real) versus the US dollar, the parity situation is now slowly turning around. Since its December 2012 low, the real has advanced by about nine percent >>
Interest rates stuck. Swiss National Bank earns billions. Is it time to sell euros? Yet again, the session of the European Central Bank (ECB) ended without surprises. It left the lending rate at 0.75 percent in a unanimous decision by the governing council. And its British colleagues at the Bank of England also refrained from changing the record-low base borrowing >>
Global monetization of debt continues. Swiss National Bank stays the course. Rating agencies focus on England. The US central bank is further expanding its bond purchase program (Quantitative Easing, QE). Every month, the Fed expects to buy USD mortgage paper and government bonds for 85 billion US dollars. In doing so, it continues to monetize government debt in the same >>
RSS FEED
E-MAIL