Currencies

Cambi · 21 lug 2026

Navigare la volatilità dei mercati valutari

Il dollaro USA, a lungo considerato un rifugio sicuro, si trova ad affrontare nuove pressioni. Le recenti politiche statunitensi hanno sollevato interrogativi sull’indipendenza della Federal reserve, spinto l’inflazione verso l’alto ed espanso il debito pubblico. In questo clima, preferiamo gli asset che i governi non possono stampare.

Cambi · 14 feb 2024

Currency strength puts pressure on Swiss central bank

After a sluggish start, we see growth picking up and benign inflation. But a strong franc could convince the Swiss National Bank to cut rates twice this year.

Cambi · 20 lug 2023

Currencies: US dollar

The US dollar may prove volatile in the coming months.

Cambi · 22 dic 2022

Our 2023 outlook for currencies

A volatile end to US dollar outperformance.

Cambi · 13 lug 2022

Yen’s risk-reward profile becoming more attractive

How the interest-rate gap between the US and Japan evolves will likely remain the main determinant of the yen’s performance in the months ahead.

Cambi · 08 lug 2022

The euro faces growing downside risks

Having already declined against the US dollar this year, we have lowered our forecasts for the single currency to take account of the fall-out from energy concerns.

Cambi · 27 apr 2022

The search for income in FX markets

Currencies from secured commodity producers like the Norwegian krone and Canadian dollar will play a part in the eventual solution for Europe’s energy independence from Russia. This goes with our 2022 Income repression continues investment theme around the search for income in a low-yielding environment as high-quality cyclical currencies can offer an attractive interest rate for holding them and can also provide portfolio diversification benefits.

Cambi · 16 feb 2022

Moderate Swiss franc depreciation is on the cards

A central bank in no hurry to raise rates could mean the Swiss franc loses some ground to the euro in the coming months.

Cambi · 01 dic 2021

Limited upside potential for the USD against the euro

The USD has risen significantly against the single currency since mid-year. But it may find it harder to make sustainable progress against the euro in the medium term.

Cambi · 02 ott 2018

Trade war is not the main reason to be blamed

Interview with César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management