Dollar weakens as ‘confidence in US assets continues to erode’ June 17, 2025 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 [...]
Gold rallies to near-two month high as Middle East conflict intensifies June 13, 2025 Investors were flocking to gold on Friday after Israel’s attack on Iran sparked a demand for the safe haven asset. The rush sent gold prices up one per cent to their highest level in nearly two months at $3,441.90 The bullion pulled on track for a weekly gain as the Middle Eastern conflict ramped up. [...]
Gold tops euro to become central banks’ second favourite reserve asset June 11, 2025 Central banks now hold more gold than euros in the face of global trade tensions and volatile markets, according to a report produced by the European Central Bank (ECB), making it the world’s second largest reserve asset after the US dollar. Purchases of gold were twice as high in 2024 as the average seen over [...]
Pound edges closer to multi-year high against dollar amid erratic US tax policy June 2, 2025 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 [...]
US dollar ‘structural downtrend’ set to benefit pound says UBS May 7, 2025 UBS has said investors should expect strengthening of the pound against the US dollar over the next year as fears grow over the American currency’s “fragility.” The pound has surged almost 10 per cent against the US dollar since its recent low in mid-January, now sitting at $1.33. However, UBS analysts expect the surge to continue towards [...]
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 [...]
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 [...]