Dollar weakens as ‘confidence in US assets continues to erode’ Economics The US dollar’s traditional safe-haven status has continued to take a bruising, as investors shun the currency amid rising global tensions. The dollar index (DXY) – which tracks the dollar’s value against a basket of currencies – has tumbled to around 98, compared to nearly 110 at the beginning of the year, as the currency [...]
Pound edges closer to multi-year high against dollar amid erratic US tax policy Markets The pound has edged closer to a multi-year high against the dollar as investors doubled down on predictions that the greenback would continue to weaken into the second half of the year. Sterling was up around 0.6 per cent against the dollar by Monday evening to $1.3523, a rise of more than 8 per cent [...]
Argentex shares crash as firm fights to survive Markets Argentex shares plummeted nearly 90 per cent in early Tuesday deals as the firm resumed trading on London’s AIM. The embattled currency firm suspended its shares from trading on April 22 after it said its liquidity had significantly worsened as the US dollar weakened. The company then agreed to a takeover from rival IFX on [...]
US dollar supremacy is slowly eroding, investors warn May 5, 2025 Investors are warning that the supremacy of the US dollar is slowly eroding, as the currency struggles to regain its position after Trump’s trade war shook confidence in US assets. The DXY index, which tracks the greenback’s performance against a basket of currencies, is down 6.5 per cent since the start of the year, and [...]
Argentex agrees to IFX takeover as boss steps down April 25, 2025 Currency management firm Argentex confirmed on Friday it had agreed to a takeover by IFX Payments just hours after its chief executive exited the company. IFX will pay 2.49 pence per share in the takeover deal, which values Argentex at near £3m. The company will also provide the AIM-listed firm with secured bridge funding of [...]
Argentex considers sale to IFX Payments after tariffs trigger cash squeeze April 23, 2025 Currency management company Argentex is in “advanced discussions” over an acquisition by IFX Payments after the firm faced a critical cash crunch amid President Donald Trump’s erratic tariff agenda. In a statement on Wednesday, Argentex said whilst discussions had progressed with IFX, no certainty had been reached. But, its board had “unequivocally rejected” an offer [...]
US dollar shifting towards ‘risky’ currency status, analysts warn April 16, 2025 The US dollar is going through “a possible regime shift” that could leave it as a “risky” currency going forward, UBS analysts have warned. Even as volatility in financial markets has soared as a result of president Trump’s ever-changing tariff regime, the dollar has been sinking quickly, with the DXY index dropping four per cent [...]
US dollar weakens as de-dollarisation becomes ‘real, and frankly scary, prospect’ April 14, 2025 The dollar has fallen 0.7 per cent today, marking its fifth straight day of decline, as markets continue to reassess the currency’s position in the global economy. The DXY index, which tracks the dollar’s value against a basket of currencies, dropped to its lowest in three years in trading today. The dollar index has now fallen [...]
UBS upgrades sterling expectations amid dollar dip April 7, 2025 UBS has upgraded its expectations for sterling against the dollar due to its fall amid a global trade war kicked off by President Trump After jumping 1.3 per cent against the dollar immediately after the tariff were announced, sterling has fallen more than two per cent, leaving it 0.7 per cent down over the last [...]
Pound sterling slumps to $1.24 in the face of dominant dollar January 2, 2025 Sterling's sell-off was accentuated by data out from the US, which showed a smaller increase in the number of jobless claimants than had been anticipated.