Ipek Ozkardeskaya, an analyst at Swissquote, said in a note that the euro was struggling against the dollar as eurozone government bond yields retreated from recent highs and ahead of Mr. Trump's inauguration on Monday. Mr. Trump is expected to announce a series of growth-boosting policies that could lead to inflation and potentially boost the dollar. At the same time, falling bond yields, the prospect of further interest rate cuts by the European Central Bank, and concerns about high debt level...
Swissquote Bank has said that bitcoin has risen to a new all-time high, buoyed by expectations that US President-elect Trump will support the cryptocurrency industry. Swissquote analyst Ipek Ozkardeskaya said in a report that Trump may remove the scepticism of government entities towards cryptocurrencies and replace them with crypto-friendly regulators that will allow the industry to thrive in the United States. With a comprehensive and solid policy, banks can more easily...
Ipek Ozkardeskaya, an analyst at Swissquote Bank, said the dollar fell as investors expected Federal Reserve Chairperson Jerome Powell to signal an imminent rate cut at the Jackson Hole seminar on Friday, but the weakness appeared to be overdone. She said the US economy had performed better than most other countries, and that alone did not justify the Fed cutting interest rates more than other central banks in the coming months.