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By François MASQUELIER, CEO of Simply Treasury – Luxembourg
For obvious reasons, this year the Foreign Exchange markets have increased in volatility. There are many reasons for this incredible situation post-covid. As the same time, we also faced an interest rate increase. Nevertheless, what was surprising was the fast pace, consequence of high inflation. In the troubled economic environment, we are facing, the best performing currencies were USD, CHF and even RUR (at least in H1,2022). But there has also been an incredible phenomenon of de-globalization of the economy, encouraged by COVID, repeated lockdowns and the war in Ukraine. Have we entered a new era for the economy and what impact will this have on cash management?
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