Rising hedging costs: what to do? The abolition of the EURCHF minimum exchange rate and the introduction of negative interest rates by the Swiss National Bank in 2015 had far-reaching consequences for Swiss investors that are still being felt. Not least among them is the increasing cost of hedging currency risks. How can investors best handle these higher hedging costs?
The macro perspective
A new year and some new signals. Global growth indicators show a growth rate of around 4.5% over the next few quarters, which would be the highest in the past seven years. What are their effects on inflation & interest rates?
FX market talk
Central banks growing less dovish. The start to the new year saw the USD continue its weakening trend. This weakness is partially driven by evidence of stronger economic growth in Europe and Japan, suggesting that monetary policy is likely, over time, to tighten gradually in these regions, too. An overview.