A decrease of the indicator value may contribute to the fall in quotes of USD.
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Dollar News (USD)
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US trade deficit grew in May
In May of this year, the United States' trade deficit increased substantially, reaching $71.5 billion. This growth became possible due to a significant drop in export volumes, despite the observed slowdown in import growth rates.
4 July
Analysts at Goldman Sachs Group Inc. have lowered their forecasts for US Treasury bond yields due to increasing expectations that the Federal Reserve (Fed) will ease monetary policy sooner than previously anticipated.
4 July
Fed’s Bostic calls for patience amid current economic situation
Raphael Bostic, an official of the US Federal Reserve (Fed), called for maintaining patience amid uncertainties in the country's economic development. In his view, a wait-and-see approach on this matter may prompt members of the governing body not to change the course of monetary policy.
4 July
US House of Representatives passed Trump’s spending bill
President Donald Trump secured sweeping changes to US domestic policy after the House of Representatives approved a $3.4 trillion budget package, according to Bloomberg.
4 July
US nonfarm payrolls rise in June
According to the US Bureau of Labor Statistics, nonfarm payrolls rose by 147,000 last month, while the unemployment rate dropped to 4.1%.
4 July
An increase of the indicator value may contribute to the rise in quotes of USD.
3 July
An increase of the indicator value may contribute to the rise in quotes of USD.
3 July
A decrease of the indicator value may contribute to the rise in quotes of USD.
3 July
A decrease of the indicator value may contribute to the fall in quotes of USD.
3 July
UBS survey reveals central banks may reduce US asset investments if Fed loses independence
According to a UBS survey, two-thirds of central banks are concerned that political pressure in the US could threaten the Federal Reserve’s independence. Nearly half of them say this might even lead them to rethink their holdings in US assets.
3 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.
