A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
Yesterday at 1:30 PM
Dollar News (USD)
Categories
Further euro appreciation could weaken eurozone economy — Bloomberg
Strengthening of the euro may have a negative impact on the European Union's economy, Bloomberg columnist Marcus Ashworth says. A strong euro can slow down the already anemic recovery of EU GDP, he emphasizes.
2 July
US manufacturing PMI barely rises in June as Trump tariffs bite
According to the Institute for Supply Management (ISM) report, the US manufacturing PMI rose to 49.0 last month, up from May's 48.5 reading. Reuters-polled analysts had forecast the PMI little changed at 48.8.
2 July
A decrease of the indicator value may contribute to the fall in quotes of USD.
1 July
An increase of the indicator value may contribute to the rise in quotes of USD.
1 July
An increase of the indicator value may contribute to the rise in quotes of USD.
1 July
Despite inflation risks, US President Donald Trump is urging the Federal Reserve to ease monetary policy by cutting the interest rate to 1%, down from the current range of 4.25%–4.50%. This comes as consumer prices are rising due to new import tariffs enacted on key trading partners.
1 July
Steps taken by US companies delay tariff-driven inflation surge
Despite concerns about a new round of US inflation caused by President Donald Trump's tariffs, price growth remains relatively stable. Consumer prices rose 2.4% in May, below economists’ forecasts.
1 July
Dollar hits 4-year low against euro amid US budget deficit concerns
On Monday, the dollar fell to a nearly four-year low against the euro amid concerns over growing US budget deficit and uncertainty surrounding trade deals with other countries, Reuters reports.
1 July
Goldman Sachs pulled forward its forecast for the Federal Reserve’s next moves, now predicting the central bank will start cutting interest rates again in September, three months earlier than its previous estimate.
1 July
Investors will be closely watching a series of key US employment data releases this week, including reports on job openings and non-farm payrolls. Market participants are about to use them to assess the nation's economic resilience.
30 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.
