ABN AMRO reports a net profit of EUR 606 million for the second quarter of 2025
Key messages Solid financial performance: Net profit of EUR 606 million and a return on equity of 9.4% Continued growth: Mortgage portfolio increased by EUR 1.8 billion and client assets by EUR 8.6 billion Stable income: Limited effects from geopolitical uncertainties Cost discipline: Underlying costs were slightly lower than the previous quarter, indicating a reduction […]
EUR: A rate cut by the ECB in June seems likely
ECB Minutes and Commentary Support Rate Reduction Recent minutes from the ECB and commentary seem to back the 25 basis point rate cut made in June, as highlighted by FX analyst Christener. The Euro’s Position as a Liquid Alternative to the USD “The deposit rate stands at 2.00%. This is already factored into the market, […]
EUR: 1.150 seems too soon
European currencies are experiencing positive movement, particularly the Swiss Franc and Swedish Krona, as noted by FX analyst Francesco Pesole, along with this week’s G10 scorecard. The next key level is 1.150 “This could reflect a more optimistic market perspective looking for alternatives to the USD, particularly in relation to the CHF and the ongoing […]
Monday morning forex rates update – JPY and EUR increase
I shared some early rate signs here: Opening Levels for Monday, Indicator FX Prices, May 19, 2025 The weekend brought quite a bit of news: The information didn’t really boost market confidence. UK Prime Minister Starmer is set to unveil a “reset” deal regarding Brexit on Monday. (Can we even say “Brexin”?) Australian PM Albanese […]
Monday morning foreign exchange rates update – JPY and EUR rise
High risk warning: Forex trading carries significant risks that might not be suitable for every investor. The use of leverage heightens these risks and potential losses. It’s crucial to think carefully about your investment objectives, experience, and risk tolerance before engaging in Forex trading. You might lose the money you invest, so it’s wise to […]