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

LETTERS

Issue of the week: the weaponisation of finance ...