A decrease of the indicator value may contribute to the fall in quotes of USD.
30 May
Dollar News (USD)
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On Thursday, the US federal appeals court suspended the decision of US Court of International trade that sought to restrict President Donald Trump’s tariff policy. To issue a final verdict, the judicial body set a briefing schedule that runs through June 9.
30 May
US economy contracted 0.2% in Q1 due to lower spending and tariff implications
According to the revised estimate of the US Bureau of Economic Analysis, the country's GDP contracted by 0.2% year-on-year over the first quarter. An earlier estimate indicated a more pronounced drop in the figure (-0.3%).
30 May
US dollar likely to maintain strong demand ahead — ING
ING analysts suggest that the recent news of Trump's tariffs being blocked, combined with the Federal Reserve's sentiment to keep interest rates high, could sustain dollar demand in the short term.
29 May
An increase of the indicator value may contribute to the rise in quotes of USD.
29 May
A decrease of the indicator value may contribute to the fall in quotes of USD.
29 May
Dollar index climbs above 100 after US court blocks Trump's tariffs
The dollar rose against six major currencies with a slight correction on Thursday, May 29, following the US Federal Trade Court's ruling blocking the US president's tariffs. The court ordered Trump to revoke the relevant directives.
29 May
Possible cancellation of Trump's tariffs to improve global economic growth prospects — Bloomberg
On Wednesday, the US Court of International Trade issued a ruling blocking many of President Donald Trump's import tariffs, Bloomberg reports. This put the president's trade strategy in danger of being derailed.
29 May
Fed intends to hold rates steady while waiting for more clarity on economic outlook
According to minutes from the latest Federal Reserve (Fed) meeting, US central bank officials believe economic uncertainty justifies their cautious approach to adjusting interest rates.
29 May
Bloomberg reports that most of US President Donald Trump's global tariffs were ruled illicit and blocked by a US court.
29 May
Dollar could face deep decline in 2026 – Standard Chartered
According to Standard Chartered, the risk of a serious dollar depreciation will rise next year if Trump's policies increase the US debt burden but fail to stimulate the economy.
28 May
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.
