An increase of the indicator value may contribute to the rise in quotes of USD.
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Dollar News (USD)
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Dollar appreciates amid positive data on US economy
On Thursday, the US dollar strengthened and headed for a second week of gains, supported by positive data on retail sales and initial jobless claims. These indicators pointed to the resilience of the American economy, despite concerns over President Trump's tariff policies.
18 July
US retail sales growth in June exceeded analysts' forecasts
In June, US retail sales, not adjusted for inflation, showed a solid 0.6% increase after declines in the previous two months, according to data from the US Commerce Department. This exceeded almost all estimates given in a Bloomberg survey of economists.
18 July
A decrease of the indicator value may contribute to the fall in quotes of USD.
17 July
An increase of the indicator value may contribute to the rise in quotes of USD.
17 July
NY Fed's Williams calls Fed rate cut premature
New York Fed President John Williams states it is still too soon to consider cutting interest rates, citing growing inflationary pressures from US import tariffs. Williams notes that President Trump’s trade policies currently have a modest impact on economic data.
17 July
According to the latest release of the Federal Reserve’s Beige Book, business sentiment in the US remained neutral to slightly pessimistic. American companies noted that stricter immigration policies under President Donald Trump have added pressure to an already challenging environment.
17 July
US industrial production rose in June due to utility sector performance
In June, US industrial production showed an increase of 0.3% for the first time in four months. This was supported by higher output in utilities (+2.8%) and modest growth in manufacturing (+0.1%).
17 July
An increase of the indicator value may contribute to the rise in quotes of USD.
16 July
An increase of the indicator value may contribute to the rise in quotes of USD.
16 July
A decrease of the indicator value may contribute to the fall in quotes of USD.
16 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.
