The hegemon slips

“The dollar is the cornerstone of US power… it is the main weapon used by the US to maintain its power… [But] as soon as the political leadership decided to use the US dollar as a political instrument

Issue of the week: currency gyrations The “debasement ...

The US dollar has slid to a four-year-low. The dollar index, which tracks the greenback against a basket of major trading partners’ currencies, has dropped 12% since the start of 2025. Sterling now bu

“Perhaps he’ll do an Elvis and have a fatal heart attack on the loo,” a friend muttered this week. Like most investors, she is having trouble getting used to the idea that the US president has become

I’ve never had much luck with metals. In 1981, around a year after the last structural gold bull market peaked, I was given a small krugerrand. Aged seven, having noted that it was not made of chocola

LETTERS