A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
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Dollar News (USD)
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On Friday, the dollar is hovering near its lowest level in three and a half years against the euro and sterling amid traders' reassessment of the US Central Bank's monetary policy prospects.
27 June
A decrease of the indicator value may contribute to the fall in quotes of USD.
26 June
A decrease of the indicator value may contribute to the fall in quotes of USD.
26 June
According to forecasts by experts surveyed by Investopedia, the US core Personal Consumption Expenditures (PCE) price index, excluding food and energy, is expected to have risen by 0.1% month-over-month in May. The annual rate is anticipated at 2.6%, slightly above April’s 2.5%.
26 June
JPMorgan analysts see ‘stagflationary’ slowdown in US economy this year due to tariffs
According to JPMorgan's forecasts, US GDP growth will be 1.3% in 2025. This is lower than the bank's estimates, published at the start of the year. As it was noted by the bank's experts, the economy of the United States will come under pressure from Donald Trump's import tariffs.
26 June
The greenback dropped as expectations grew of sooner monetary easing in the US. The Bloomberg dollar index fell 0.2% to a record low since April 2022.
26 June
White House expects $11 trillion reduction in US budget deficit through Trump's measures
According to White House chief economist Stephen Miran, President Donald Trump's policies will reduce the US budget deficit by up $11 trillion over the next ten years.
26 June
Investors expect US 10-year bond yields to fall to record lows
Traders are boosting bets on a decline in the yield on 10-year US Treasury bonds, expecting them to drop to four percent. Total bets have exceeded $38 million of worth over the past two days.
25 June
US Fed Chair provides no clear signal for upcoming rate cuts
During congressional hearings, Federal Reserve Chair Jerome Powell did not provide a specific timeline for potential interest rate cuts. He stated that, given the resilience of the US economy, there is no need to rush into such a decision.
25 June
BofA economists have shared two possible directions for the Fed's monetary policy in 2025. They believe that in case of a significant weakening of the US economy, which could happen before the end of the summer, the central bank could move to reducing borrowing costs by 75 basis points.
25 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.
