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Dollar News (USD)
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No change of the indicator value may reduce the volatility of the related markets.
9 July
The White House is growing increasingly confident that the US economy remains immune to the effects of trade conflicts. But the real threat lies in their delayed impact on inflation, according to CNN.
9 July
Trump's trade policy may complicate US Fed decision-making on rates — YahooFinance
Current tariff policy of US President Donald Trump along with postponements of trade duties implementation creates challenges for the Federal Reserve (Fed). Previously, Fed Chair Jerome Powell repeatedly stated the need for more evidence regarding the impact of trade tensions on pricing.
9 July
US Treasury to boost cash reserves following debt ceiling increase — Bloomberg
The US Treasury Department plans to significantly increase its cash reserves after President Donald Trump signed legislation raising the national debt ceiling to $41.1 trillion. The department aims to grow its reserves from approximately $313 billion in early July to $500 billion by month-end.
9 July
Pantheon Macroeconomics points to weakness in US labor market due to concerning June data
The latest US jobs report raises concerns about the labor market's stability, with several warning signs emerging. Analysts at Pantheon Macroeconomics point out that the Bureau of Labor Statistics may have had trouble adjusting the raw data in certain states due to seasonal factors.
9 July
Data from the June survey of the Federal Reserve Bank of New York indicated a softening of consumer inflation expectations in the US one year ahead to 3%. As noted by Bloomberg, the indicator has returned to levels seen before Donald Trump's announcement of new import tariffs.
9 July
Wells Fargo analysts view current dollar weakness as temporary
The import tariffs imposed by the US President have made investors question the dollar's status as a safe-haven currency, sparking debates about its potential collapse. However, analysts at Wells Fargo believe any weakening of the greenback is unlikely to last.
8 July
Goldman Sachs has revised its forecast to predict an earlier interest rate cut by the Federal Reserve (Fed) in September, moving up from the previously expected December timeline. The updated outlook cites various disinflationary factors.
8 July
Fed officials dismiss near-term prospects for neutral interest rates in US
Senior Federal Reserve officials have expressed skepticism about the likelihood of the United States reaching a point where interest rates are neutral. Research from the New York and San Francisco regulators says there is only a 9% chance that borrowing costs will go down to zero.
8 July
Analysts at ING forecast the euro-dollar currency pair to consolidate within the range of 1.1700–1.1830 this week. However, they warn of an upside risk to 1.1900–1.1910 if Washington misjudges market sentiment. Yet, this scenario is unlikely.
8 July
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.
