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25 Jan 2024

German manufacturing had been in crisis well before Russia invaded Ukraine

Putin's invasion only made this structural decline worse. Europe has an easy offset to this: a weaker currency. Euro needs to fall well below parity to offset the crisis in European manufacturing... Source: Robin Brooks

12 Dec 2023

Despite all the talk, the world uses USD to trade

Source: DB

9 Oct 2023

According to SWIFT, the U.S. Dollar was used for 46% of all international payment transactions in July, a RECORD high

Meanwhile, use of Euro is collapsing. De-euroization rather than de-dollarization? Source chart: Bloomberg

28 Sep 2023


Based on SWIFT international payments, we are witnessing 'de-euroization' and not 'dedollarization. The euro's share in SWIFT global payments has dropped to 23% from 38% at the start of the year. Are Russia's SPFS and China's CIPS eating up the euro? Meanwhile, China's share in SWIFT payments reached an all-time high of 3.47% in August. Source: HolgerZ, Bloomberg

4 Aug 2023

The Euro is now overvalued against the Dollar for the 1st time in 2 years, says the Big Mac index.

Source: The Economist

24 Jul 2023

Most Expensive Euro on Record Has Traders Braced for Declines

As the Nominal effective exchange rate reached an all-time high, a dovish message from ECB this week can add pressure on the euro. Source: Bloomberg

17 Jul 2023

This didn't do the headlines but the fact is that Trade-weighted Euro reached a new all-time high this week

Source: Bloomberg

9 Jun 2023

Attractiveness of EUR IG vs. US IG at decade high! 📈💼

🌍 Absolute yields in the global credit market present compelling long-term entry points, especially for high-quality European corporate bonds. Compared to the US market, the attractiveness of EUR Investment Grade (IG) credit is soaring. While concerns about a deeper recession in Europe have caused some turbulence, they have also opened up intriguing investment opportunities. Moreover, the recent Credit Suisse incident has further contributed to the dynamic landscape. 📊🔍 Is it time to seize the potential yield offered by EUR IG bonds? 💡💰 Source : Bloomberg

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