News

FX Monthly October 2018 >> The Italian problem is here to stay

  • 15.10.2018
  • FX Monthly

QCAM Insight

The Italian problem is here to stay. Having swallowed whole the Italian government’s earlier assurances of fiscal probity, financial markets reacted with surprise to the deficit plans of Italy’s new budget. Rome may not be able to fool financial markets again but it will probably keep trying.

The macro perspective

A booming economy challenges a cautious SNB. The Swiss economy is running on all cylinders. Swiss companies are particularly benefiting from the robust global economy. But despite the shrinking cost-benefit rewards of negative interest rates, the Swiss National Bank remains cautious, avoiding any hint of monetary policy normalization.

FX market talk

Looking beyond the indices. The current weakness of emerging market currencies against the US dollar has reignited the perennial debate about the underlying strength of these economies. After all, weak currencies are associated with net capital outflows. We argue that while the weakness of emerging market currencies does signal problems in certain sectors and in certain economies, in most cases these appear to be more cyclical in nature.

Download: FX Monthly October 2018 EN

 

Follow-Up results

This is next in your query
FX Monthly January 2019 >> Can the euro bounce back?

Will the EUR stage a rebound this year, as it did in 2017? Perhaps, but USD weakness will not be eno...» more

KMURundschau - professionalism is needed

Article from Thomas Suter, CEO of QCAM Asset Management in the kmuRUNDSCHAU magazine about the chall...» more

Moneycab - QCAM is also this year donating to...

What if 2019 already starts tomorrow? Luckily this won’t be the case – because we really want so...» more

FX Monthly December 2018 >> 2019: harnessing ...

Interview with Thomas Suter, CEO QCAM Asset Management about too optimistic Investors in 2018, a pro...» more