John Williams, Federal Reserve Bank (Fed) of New York President, sees no imminent need to change monetary policy. Williams, who is also vice chairman of the rate-setting Federal Open Market Committee, notes significant uncertainty around the US economic outlook.
The euro is experiencing its most rapid growth in 15 years, and momentum doesn’t appear to be slowing. Traders anticipate further gains, with some suggesting the currency could reach $1.20, prompting strategists to revise their forecasts.
The US Department of Government Efficiency (DOGE), supervised by Elon Musk, overestimates the scale of alleged budget savings. The information was published by The New York Times (NYT) citing sources and its own calculations.
Leading US economists kept their forecasts of a significant slowdown in economic growth in the country unchanged, despite the Trump administration's decision to postpone the introduction of large-scale tariffs.
The greenback continued to weaken for the fifth consecutive day, despite the delay in imposing US tariffs on imports of some electronics. Additionally, the gauge of the dollar volatility remains near a record high level over the past two years.
Donald Trump's aggressive tariff policy continues to negatively impact not only the US partner countries, but also the United States themselves. The latest Bloomberg data shows that investors are actively attempting to hedge against the dollar’s downside risks.
Most Americans believe the import tariffs imposed by President Donald Trump will likely drive up inflation in the short term while slowing the US economy, a CBS News survey reveals.
An increase of the indicator value may contribute to the rise in quotes of USD.
A decrease of the indicator value may contribute to the fall in quotes of USD.
Pia Orrenius from the Federal Reserve Bank of Dallas (Fed) warns that President Trump's immigration policies could severely hamper the country's economic growth. She believes arresting and deporting up to 450 people per day will reduce national GDP by 1% this year.
The President of the Federal Reserve Bank of Boston, Susan Collins, indicated that the central bank may continue to lower interest rates. However, she highlighted that growing inflation resulting from President Trump's tariff policies could potentially delay this decision.
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.
