A decrease of the indicator value may contribute to the fall in quotes of USD.
5 September
Dollar News (USD)
Categories
Sluggish activity in US services sector and slowing hiring reveal negative impact of tariffs
For the first time in almost a year, business activity in the US services sector unexpectedly declined last month, while companies cut back on hiring. This indicates mounting pressure on the economy due to tariff increases.
5 June
An increase of the indicator value may contribute to the rise in quotes of USD.
5 June
Donald Trump's tax reforms continue to cause mixed reactions from experts. According to the nonpartisan Congressional Budget Office's calculations, the bill will increase the US budget deficit by $2.42 trillion over the next decade.
5 June
US service sector business activity drops below 50 points due to Trump's tariff policies
The Institute for Supply Management released concerning data on the US services sector’s performance in May. The Purchasing Managers' Index for the sector fell by 1.7 points to 49.9. Bloomberg experts note that the 50-point threshold separates expansion from contraction in the industry.
5 June
US business optimism fell sharply in the second quarter. According to a May survey by the Association of International Certified Professional Accountants (AICPA), only 27% of executives are confident about the economic outlook for the next year.
5 June
Trump tariffs to cut US deficit — Congressional Budget Office
The US administration's import tariffs on key trading partners, which took effect in mid-May, will help reduce the country's budget deficit by approximately $2.8 trillion, according to the American Congressional Budget Office.
5 June
Fed’s Beige Book points to slowing economic activity in US
In its Beige Book, the Federal Reserve (Fed) pointed to a modest cooling in US economic activity, attributing the slowdown to the impact of imposed tariffs and growing macroeconomic uncertainty.
5 June
US factory orders plunge 3.7% in May
The volume of US factory orders suddenly dropped by 3.7% in May, sparking investor concerns about the industrial sector’s health. Investing experts expected only a 3.1% decline. However, even that drop was enough to make the markets nervous, since just a month ago, orders were up 3.4%.
4 June
Despite a recent pause in its sharp decline, the US dollar is expected to weaken further, according to positioning in the currency options market. Investor sentiment has deteriorated this year due to President Donald Trump's aggressive tariff policies.
4 June
US Bureau of Labor Statistics will correct “minor errors” in April’s data — Bloomberg
The US Bureau of Labor Statistics (BLS) has announced plans to correct "minor errors" identified in the April employment data. The adjustments will be released on Friday alongside the May jobs report.
4 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.
