A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
18 December
Dollar News (USD)
Categories
US manufacturing increases simultaneously with inflation strengthening
According to Bloomberg, in June, US manufacturing demonstrated stable growth. Partially it was caused by employment growth while two key inflation figures accelerated to its peaks from July 2022. Meanwhile, the index of input costs surged 5.4 points to 70, marking the biggest jump in four years.
24 June
US Fed Chair Jerome Powell to defend current monetary policy before Congress
As reported by Bloomberg, Federal Reserve Chair Jerome Powell is set to testify twice this week before US lawmakers. He’s expected to defend the central bank’s decision to hold interest rates steady at least until September.
24 June
No change of the indicator value may reduce the volatility of the related markets.
23 June
Analysts at Bank of America Securities keep a bearish stance on the dollar and forecast the euro to reach $1.17 by the end of the year. Still, in the short term, geopolitical tensions create risks for the European currency as well, they believe.
23 June
According to Investing.com, oil prices surged following escalating tensions in the Middle East, causing investor concern about a potential spike in US inflation. However, according to experts at Morgan Stanley, the impact of these events will be "minor."
23 June
US Federal Reserve split on pace of rate cuts
After the US Federal Reserve (Fed) kept borrowing costs unchanged last week, central bankers have been split on the further pace of rate cuts.
23 June
Fed’s Mary Daly forecasts interest rate cut in fall
According to Mary Daly, President of the Federal Reserve Bank of San Francisco, an interest rate cut by the Federal Reserve (Fed) in the fall is the most optimal scenario. She also viewed recent inflation figures in the country positively, but urged continued vigilance.
23 June
American stock markets on edge as US-Iran tensions escalate
Investors are bracing for a sharp decline in stock markets on Monday, as US measures against Iran could lead to retaliation. The situation in the Middle East has become a key influencing factor for markets, overshadowing the US economic data set to be released this week, Reuters reports.
23 June
The dollar edged higher on Monday as anxious investors sought safe-haven assets. Traders are awaiting Iran's response to US involvement in the Middle East conflict. The greenback strengthened against a basket of major currencies. The dollar index rose 0.12% and reached 99.008.
23 June
US President Donald Trump calls for a 2.5-percentage-point cut in the Federal Reserve’s (Fed) rates to boost GDP growth. Such a reduction would be unprecedented, as the American central bank tends to adjust borrowing costs by a quarter point.
20 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.
