Shares suspended in FX threat administration agency – now in talks about emergency sale to a rival

Argentex, in a London Inventory Exchnage assertion :

• mentioned it had been “uncovered to important volatility in overseas trade charges, notably in relation to the fast devaluing of the US Greenback towards different main benchmark currencies which has been precipitated by the varied latest bulletins from President Trump relating to tariff insurance policies and US authorities spending cuts”.
• “Consequently, the corporate has skilled a fast and important influence on its near-term liquidity place, pushed by, inter alia, margin calls linked to its FX [foreign exchange] ahead and choices books.

Right here is the supply for extra.

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This isn’t nearly publicity, however the lack of liquidity even when making an attempt to cut back such publicity. Order guide and curiosity liquidity dissipated because of the capriciousness-driven tariff volatility.

This isn’t regular reserve forex behaviour.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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