Tag: Exchange rate
Banking crisis scratches the image as a safe haven
Effects of the banking crisis The emergency sale of Credit Suisse to UBS is damaging the national currency. (Photo: Bloomberg) Frankfurt The banking drama in Switzerland is damaging the reputation…
Asian markets down despite Credit Suisse bailout
Tokyo Stock Exchange Investors in Asia are starting what is likely to be another turbulent stock market week. (Photo: dpa) Tokyo Markets in Asia were unable to agree on a…
Turbulence at Credit Suisse: Asian markets with losses
Tokyo Stock Exchange Investors in Asia are eyeing Europe and the US with concern. (Photo: dpa) Tokyo Worries about the global banking sector hit Asian stock markets again on Thursday.…
Asian markets open lower after Credit Suisse crash
Tokyo Stock Exchange Investors in Asia are eyeing Europe and the US with concern. (Photo: dpa) Tokyo The crisis at the major Swiss bank Credit Suisse also led to losses…
Earthquake, inflation, weak exports – the Turkish economy is reeling
Clean up after the earthquake Supply chains are also destroyed, production is slowed down. (Photo: dpa) Istanbul The earthquake triggered a humanitarian catastrophe – and it shook the Turkish economy.…
Bonus for VW employees increases – a total of 3630 euros for 2022
Volkswagen logo For the weak Corona year 2020, there was an extra 2700 euros for tariff employees. (Photo: Reuters) Wolfsburg Volkswagen employees with collective bargaining agreements received a higher bonus…
Why the dollar’s current strength need not last
U.S. dollar The US currency temporarily hit a seven-week high against the euro on Friday. (Photo: dpa) Frankfurt The dollar is currently on a high again. On Friday, the US…
Why the dollar’s current strength need not last
U.S. dollar The US currency temporarily hit a seven-week high against the euro on Friday. (Photo: dpa) Frankfurt The dollar is currently on a high again. On Friday, the US…
Reconstruction aid after earthquake – Turkish central bank lowers interest rates
Istanbul As reconstruction begins after a series of devastating earthquakes in south-eastern Turkey, the central bank in Ankara lowers interest rates to a two-year low. On Thursday afternoon (local time),…
Turkish lira at record low as earthquake hits currency
Exchange office in Istanbul The Turkish currency lira is currently under pressure. (Photo: imago images/NurPhoto) Istanbul After the severe earthquake in the border region between Turkey and Syria, the pressure…
There is an explosive device in the balance sheet of the European Central Bank
ECB President Christine Lagarde The euro crisis led to long-term lending by the ECB and a massive purchase of government bonds. (Photo: Reuters) Every year there is a fuss in…
This is how President Lagarde explains the renewed rate hike by the central bank
You watch them wage development very accurate, says Lagarde. This is a “very important factor”. Wages would be a significant inflation driver over the next few months. It is important…
This is how President Lagarde explains the renewed rate hike by the central bank
Lagarde now goes into more detail. One expects persistent subdued growth, she says. Paired with high inflation lead this to reduced consumption. On the other hand, they would wages rise…
According to Erdogan, Turkey could only agree to Finland joining NATO
Recep Tayyip Erdogan The Turkish President is giving Finland hope that he will agree to their NATO membership. (Photo: via REUTERS) Ankara Turkish President Recep Tayyip Erdogan threatens Sweden to…
Government relies on strong lira and more consumption
Turkey Prices in Turkey have been rising sharply for years. (Photo: imago images/Pacific Press Agency) Istanbul The Turkish government is changing its currency strategy: instead of a weak lira, it…
What will become of the euro?
The euro has lost a good 15 percent of its purchasing power since January 2021. By New Year’s Eve 2023, the loss is likely to increase to more than a…
Argentina and Brazil want a common currency for South America
A statement that has made international headlines ever since. Because this could create the world’s largest monetary union after the EU – should all Latin American countries adopt the currency.…
Markets bet on end of ultra-loose monetary policy
Tokyo Shortly before the next interest rate decision on Wednesday, the central bank of Japan is again causing unrest on the markets. “The back and forth battle between the Bank…
Markets bet on end of ultra-loose monetary policy
Tokyo Shortly before the next interest rate decision on Wednesday, the central bank of Japan is again causing unrest on the markets. “The back and forth battle between the Bank…
Massive inflation, strong Turkish lira – export companies are in trouble
Istanbul Managers of the Turkish textile industry made a desperate appeal to the government this week: the domestic currency is too strong and must lose value. Otherwise the sectors affected…