Reuters reports the greenback is steady on Tuesday, but remains near the three-year low against the euro and the six-month low against the yen reached last week.
Today at 5:30 AM
Dollar News (USD)
Categories
White House proposes significant cuts to US State Department budget
President Donald Trump's administration is looking to cut the US State Department's budget nearly in half. An internal document reviewed by the Washington Post reveals a proposal to allocate $28.4 billion.
12 minutes ago
Trump's tariff policy comes under fire from former US Treasury Secretary
Janet Yellen, the former US Treasury Secretary, has labeled President Donald Trump's tariffs as unreasonable. She described the new administration's trade policy as lacking clarity, suggesting that the American leader's actions are contributing to rising global economic tensions.
15 minutes ago
Reuters reports the greenback is steady on Tuesday, but remains near the three-year low against the euro and the six-month low against the yen reached last week.
Today at 5:30 AM
The euro is experiencing its most rapid growth in 15 years, and momentum doesn’t appear to be slowing. Traders anticipate further gains, with some suggesting the currency could reach $1.20, prompting strategists to revise their forecasts.
Yesterday at 12:15 PM
NYT: Musk's department exaggerates data on US budget savings
The US Department of Government Efficiency (DOGE), supervised by Elon Musk, overestimates the scale of alleged budget savings. The information was published by The New York Times (NYT) citing sources and its own calculations.
Yesterday at 9:09 AM
Wall Street economists maintain forecasts of slowing US GDP growth despite tariff delay
Leading US economists kept their forecasts of a significant slowdown in economic growth in the country unchanged, despite the Trump administration's decision to postpone the introduction of large-scale tariffs.
Yesterday at 8:30 AM
The greenback continued to weaken for the fifth consecutive day, despite the delay in imposing US tariffs on imports of some electronics. Additionally, the gauge of the dollar volatility remains near a record high level over the past two years.
Yesterday at 7:33 AM
US tariff policy undermines investor confidence in dollar — Bloomberg
Donald Trump's aggressive tariff policy continues to negatively impact not only the US partner countries, but also the United States themselves. The latest Bloomberg data shows that investors are actively attempting to hedge against the dollar’s downside risks.
Yesterday at 7:14 AM
Americans fear Trump’s import tariffs could accelerate inflation — CBS News poll
Most Americans believe the import tariffs imposed by President Donald Trump will likely drive up inflation in the short term while slowing the US economy, a CBS News survey reveals.
Yesterday at 6:15 AM
An increase of the indicator value may contribute to the rise in quotes of USD.
11 April
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.
