The uncertainty around Donald Trump's import tariffs keeps weighing on the markets. First and foremost, investor concerns are negatively impacting the dollar. At the end of yesterday's trading session, the US currency slumped again after the duties were resumed.

Yesterday at 9:41 AM

Legal disputes over Trump's tariffs heighten investor anxiety and put pressure on dollar

US recurring jobless claims rose to highest since 2021

US continuing jobless claims surged to the highest level since November 2021. This could signal a rise in the unemployment rate in May, Bloomberg says.

Yesterday at 8:53 AM

US recurring jobless claims rose to highest since 2021

The dollar is the monetary unit of the United States (US). It is also used as the official currency by some other countries (Ecuador, Zimbabwe, El Salvador). The dollar holds a leading position in the world economy.

At the moment, the dollar dominates the system of international settlements with almost 50% share (the euro ranks second with less than 25%). Meanwhile, the dollar's dominance is even more pronounced in the financial sector, on the foreign exchange market, and in the government reserves.

The US currency (USD) quotes, as well as those of its foreign counterparts, depend primarily on the economic and political situation in the issuing country. The US authorities, such as the Federal Reserve System (the Fed) and the Department of the Treasury, influence the dollar exchange rate by changing their monetary, fiscal, budget, and tax policies.

Moreover, the value of the dollar may be significantly affected by the latest news and the international situation. Global economic problems and rising geopolitical tensions have historically been favorable for the US currency, as investors consider it one of the major safe-haven assets, along with gold. In contrast, during periods of strong economic growth and a relatively calm global environment, the demand for the dollar tend to reduce.