A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
According to a recent forecast by HSBC, the US Federal Reserve (Fed) will lower rates by 25 basis points three times through March 2026. Analysts project cuts in September and December this year, followed by another one in March next year.
Euro-based stablecoins could rival their dollar counterparts by 2028, according to Fiorenzo Manganiello, founder and managing partner of LIAN Group.
According to JPMorgan economists, the threat of escalating tensions in the Middle East is now the main risk for the economy of both the US and the world. James Knightley, chief international economist at ING, shares this view.
The dollar strengthened slightly on Thursday amid the threat of an escalating conflict in the Middle East. The growth of geopolitical tension contributed to the US dollar's restoration as a safe-haven asset and an increase in its rate, as reported by Reuters.
According to Investing.com, the Federal Reserve (Fed) on Wednesday reaffirmed plans for two rate cuts this year, despite revising its inflation forecast upward. Analysts at Macquarie view this as evidence of a shift in the regulator's attitude toward changes in economic indicators.
Bloomberg columnist John Authers claims the US Federal Reserve (Fed) will stick to a wait-and-see approach until policymakers are confident Donald Trump's tariffs and the Middle East conflict have not sparked a surge in inflation.
An eToro survey found that 57% of retail investors expect gold prices to go up within the next 6–12 months. 45% have invested in this precious metal over the past couple of years.
As reported by Reuters, American stocks could face a sharp sell-off if tensions between the US and Iran escalate. Such a scenario would further strain the already fragile global economy, pressured by Donald Trump's import tariffs.
For the week ending June 14, initial US jobless claims fell by 5,000 to 245,000. The indicator has stabilized near its highest level in eight months, matching forecasts of economists surveyed by Bloomberg.
On Wednesday, the Federal Open Market Committee voted to keep the federal funds rate in the range of 4.25% to 4.5%. The regulator also released an economic forecast for the first time since US President Donald Trump imposed large-scale tariff duties.
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.