Argentex shares crash as firm fights to survive May 6, 2025 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 [...]
US dollar set to fall further as gold rally expected to resume April 30, 2025 The US dollar is set to continue falling against other major currencies such as the pound, despite stabilising in recent days, while gold is expected to resume its record rally, UBS analysts have said. The DXY index, which tracks the dollar’s performance against a basket of currencies, fell sharply at the start of April following [...]
Bank of England ‘analysing’ end of dollar’s prestige April 29, 2025 The Bank of England’s stability watchdog is assessing the potential impacts of the dollar’s recent slump after President Trump’s tariffs spooked investors. Sam Woods, head of the Prudential Regulation Authority (PRA) and Bank deputy governor, suggested that the first month of Trump’s global trade war had diminished the dollar’s status as a safe haven currency. [...]
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 [...]
Pound on best run since 1971 as FTSE 100 claws back gains April 22, 2025 The pound and the FTSE 100 continued their strong runs on Tuesday on the back of US instability. Sterling was on track for its 11th day of gains, which would be its longest streak since January 1971 – when the currency switched to the decimal system. It was up 0.6 per cent to $1.34 against [...]
FTSE 100 down after US stocks slump April 21, 2025 The FTSE 100 opened seven points down on Tuesday morning, following a major US market slump on Bank Holiday Monday. US stock markets took another hit on Monday, with the S&P 500 closing down 2.38 per cent – at 5,158 – while the Nasdaq fell 2.5 per cent and and Dow Jones slumped 2.48 per [...]
Weak dollar restricting market rebound, say Barclays analysts April 16, 2025 A weakened dollar may prohibit the full recovery of global markets, analysts have warned, as investors continue to suffer the fallout from the Trump tariff mayhem. The DXY index, which tracks the dollar’s value against a basket of currencies, sank to its lowest in three years during Monday trading. This came after markets plunged following [...]
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 [...]
Dollar movements spark ‘Trussonomics’ fears with worst case scenario ‘no longer unthinkable’ April 16, 2025 The dollar’s worst case scenario is “no longer unthinkable,” economists have warned, as some draw parallels with the crisis in UK financial markets during the Liz Truss premiership. Alongside plummeting stocks and falling bond prices, the US currency has weakened in the wake of Trump’s erratic tariff agenda, with growing concerns that its status as [...]