Dollar News (USD)

JPMorgan Chase CEO Jamie Dimon is deeply concerned about the Fed's monetary policy. Unlike many experts, his worry is not prolonged maintenance of current rates but the risk of further hikes. While markets estimate the likelihood of such a scenario at just 20%, Dimon puts it at 40–50%.

Initial applications for unemployment benefits in the United States declined in the week ended July 5, falling for the fourth week to the lowest level in two months.

Mary Daly, San Francisco Federal Reserve Bank President, sees a possibility of two interest rate cuts this year. Besides, she believes price effects from import duties may be weaker than expected.

UBS maintains its year-end forecast for the euro-dollar pair at 1.2000 for the third quarter (Q3). By December, according to analysts, it could reach 1.2300. It is worth noting that UBS Q2 expectations were met, with the pair hitting 1.1800.

According to the minutes of the US Federal Reserve's (Fed) June 17–18 meeting published on Wednesday, financial market participants have once again postponed the expected completion date for the reduction of the central bank's balance sheet.

According to International Monetary Fund (IMF) data, the US dollar's share of global foreign exchange reserves fell to 57.7% in Q1 2025, a decline contrasted by euro-denominated reserves gaining traction.

Only a few Fed officials at the June 17–18 meeting suggested a potential rate cut in July, while most policymakers expressed concerns about inflationary pressures that could worsen due to the US administration's ambiguous policies, Reuters reports.

A decrease of the indicator value may contribute to the fall in quotes of USD.

No change of the indicator value may reduce the volatility of the related markets.

The White House is growing increasingly confident that the US economy remains immune to the effects of trade conflicts. But the real threat lies in their delayed impact on inflation, according to CNN.