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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Fed's Barr shares Powell’s fears of accelerating US inflation due to Trump’s tariffs
Federal Reserve Governor Michael Barr aligns with Chair Jerome Powell’s concerns about inflation, anticipating that it could accelerate due to Donald Trump’s proposed import tariffs.
25 June
EU is ready to take retaliatory measures if US raises tariffs — Bloomberg
As the 90-day pause on US tariff increases for European imports nears its end, markets are paying more attention to the issue. The parties continue to negotiate, but if the US introduces additional duties against the EU, the region is likely to take retaliatory measures, Bloomberg reports.
25 June
US consumer confidence drops as concerns about economy persist
US consumer confidence declined in June, underscoring Americans' concerns about the impact of tariffs on the country's economy and labor market. The Conference Board’s gauge dipped 5.4 points to 93.
25 June
According to Richard Chambers from Goldman Sachs, the dollar might continue its decline as currency hedging ratios rise, driven by foreign investors hedging against volatility.
25 June
A decrease of the indicator value may contribute to the fall in quotes of USD.
24 June
Donald Trump criticises Fed’s chairman Jerome Powell’s actions and insists on rate cut
Today, US President Donald Trump declared the necessity of reducing interest rates by 2-3%. He also continued making critical comments toward Federal Reserve System (Fed) Chairman Jerome Powell. Last week, the US Fed maintained rates at the current level of 4.5%.
24 June
A survey by the Official Monetary and Financial Institutions Forum (OMFIF) found that one in three central banks plan to cut their dependence on the dollar and ramp up gold holdings over the next year or two.
24 June
The US dollar weakened against most major currencies after President Donald Trump announced an agreement to help stabilize the Middle East. This also boosted investor appetite for riskier assets.
24 June
Foreign investors cut dollar asset holdings — Reuters
Reuters analysts note that global investors appear to be gradually reducing their dollar-denominated asset holdings. This trend has driven the US currency to its weakest level against a basket of major currencies in 3 and a half years.
24 June
Fed’s Michelle Bowman insists on interest rate cut in July
On Monday, Federal Reserve (Fed) official Michelle Bowman stated the need to lower interest rates during the regulator's July meeting. As Associated Press notes, the lack of unity among Fed representatives regarding rates has drawn criticism from the White House.
24 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.
