A decrease of the indicator value may contribute to the fall in quotes of USD.
5 September
Dollar News (USD)
Categories
Recession expectations in US business sector weakened – Chief Executive
According to a Chief Executive Group survey of more than 270 US CEOs, fears of a looming recession in the US economy have eased. As indicated by the latest data, only 30% of respondents anticipate a recession within the next six months.
10 June
According to the survey published this week by the Federal Reserve Bank (Fed) of New York, Americans are growing less worried about inflation. Poll data cited by Reuters also indicated improved sentiment among US citizens on their financial wellbeing last month.
10 June
No change of the indicator value may reduce the volatility of the related markets.
9 June
A decrease of the indicator value may contribute to the fall in quotes of USD.
9 June
Dean Turner of UBS believes the greenback is losing its safe-haven status, driven by the policies of the American administration. Turner warns against a full exit, yet advises reallocating funds held in US dollars.
9 June
WSJ: Trump's tax reform supporters underestimate potential increase in US budget deficit
The position of Trump's supporters conflicts with the forecasts of independent analysts, the WSJ reports. Many Republicans consider the tax bill crucial for rapid US economic growth, while others are deeply concerned about a potential increase in the country's budget deficit.
9 June
US employment exceeded expectations in May
US nonfarm payrolls rose by 139,000 in May after rising by 147,000 in April. The figure surpassed the median estimate of 130,000 projected by economists surveyed by Reuters, indicating stronger-than-expected labor market conditions.
9 June
Macquarie analysts forecast further upside for the euro-dollar pair, citing diverging monetary policies between the European Central Bank (ECB) and the Federal Reserve (Fed).
9 June
Fed's Musalem sees '50-50' chance of prolonged inflation in US due to tariffs
The Financial Times reports that Federal Reserve Bank of St. Louis President Alberto Musalem estimates the likelihood of a prolonged rise in US inflation due to Donald Trump's trade policies as “50-50.”
9 June
The US labor market showed signs of cooling in May, with employers adding 139,000 jobs, Reuters reports. While this figure indicates a moderation in labor demand, it was solid enough to reinforce the Federal Reserve's strategy of keeping interest rates unchanged.
9 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.
