Argentex, in a London Stock Exchnage statement :
said it had been "exposed to significant volatility in foreign exchange rates, particularly in relation to the rapid devaluing of the US Dollar against other major benchmark currencies which has been precipitated by the various recent announcements from President Trump regarding tariff policies and US government spending cuts"."As a result, the company has experienced a rapid and significant impact on its near-term liquidity position, driven by, inter alia, margin calls linked to its FX [foreign exchange] forward and options books.Here is the source for more.
***
This is not just about exposure, but the lack of liquidity even when trying to reduce such exposure. Order book and interest liquidity dissipated due to the capriciousness-driven tariff volatility.
This is not normal reserve currency behaviour.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Shares suspended in FX risk management firm - now in talks about emergency sale to a rival )
Also on site :
- Over 20 feared dead in terror attack targeting tourists in India’s Kashmir
- Glenview man, woman returning home from night out robbed at gunpoint: Police
- Where Is 'Tiger King' Joe Exotic Now and Is He Married? Find Out the Latest on the Ex-Zoo Owner