A decrease of the indicator value may contribute to the fall in quotes of USD.
5 September
Dollar News (USD)
Categories
Global central banks expect their gold reserves to increase and their dollar holdings to decline over the next five years, according to a World Gold Council (WGC) survey.
17 June
Favorable US inflation data for May raised expectations that the Federal Reserve (Fed) would ease its stance on monetary policy. However, Barclays analysts do not believe last month's statistics are enough to prompt the US regulator to cut interest rates.
17 June
New York State manufacturing activity fell in June — Bloomberg
According to data released Monday, factory activity in New York State declined more sharply than expected this month. Orders and shipments dropped the most significantly, Bloomberg reported.
17 June
Ryan Sweet of Oxford Economics believes that a prolonged conflict between Israel and Iran could push the US Federal Reserve (Fed) to cut rates earlier than expected.
17 June
US Bank highlights declining dollar popularity among importers and exporters
US Bank reports that importers are increasingly reluctant to accept payments in dollars. Many companies now convert greenbacks into euros, yuan, or Mexican pesos to hedge against further volatility in the American currency.
17 June
US consumer sentiment rises to its highest as inflation expectations decline
In June, the US consumer sentiment index surged 8.3 points to 60.5, the steepest since the beginning of the year, according to the University of Michigan. The rise was driven by eased concerns over the economic situation and short-term inflation expectations falling to their lowest in two decades.
16 June
BCA Research strategists forecast short-term dollar rebound
Although BCA Research analysts anticipate a near-term dollar recovery, they maintain cautious long-term expectations due to potential payment imbalances and waning US economic exceptionalism.
16 June
Last week, investors' concerns about the growing US national debt eased, but some experts warn that the problems are far from over. Economists surveyed by Goldman Sachs expressed worries over US fiscal policy, particularly in light of Donald Trump’s policies.
16 June
Dollar rises as Middle East tensions escalate
The dollar strengthened against a basket of major currencies on Monday as investors turned to safe-haven assets amid fears that Middle East tensions could escalate, Reuters reports.
16 June
US Federal Reserve officials say rates will be on hold until the White House resolves questions around tariffs, immigration, and taxes. Markets expect the central bank to lower borrowing costs in September at the earliest as labor market and inflation are stable.
16 June
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.
