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 industrial production dropped 0.2% in May due to declining demand
US industrial production fell by 0.2% in May, driven by weaker demand and a drop in utility output, according to Bloomberg. Economists surveyed by the news agency had called for no change.
18 June
A decrease of the indicator value may contribute to the fall in quotes of USD.
17 June
A decrease of the indicator value may contribute to the fall in quotes of USD.
17 June
A decrease of the indicator value may contribute to the fall in quotes of USD.
17 June
A decrease of the indicator value may contribute to the fall in quotes of USD.
17 June
President of the European Central Bank (ECB) Christine Lagarde has called on policymakers to seize the moment and strengthen the global role of the euro, as US President Donald Trump’s trade policies undermine confidence in the dollar.
17 June
Global central banks expect their gold reserves to increase and their dollar holdings to decline over the next five years, according to a World Gold Council (WGC) survey.
17 June
Favorable US inflation data for May raised expectations that the Federal Reserve (Fed) would ease its stance on monetary policy. However, Barclays analysts do not believe last month's statistics are enough to prompt the US regulator to cut interest rates.
17 June
New York State manufacturing activity fell in June — Bloomberg
According to data released Monday, factory activity in New York State declined more sharply than expected this month. Orders and shipments dropped the most significantly, Bloomberg reported.
17 June
Ryan Sweet of Oxford Economics believes that a prolonged conflict between Israel and Iran could push the US Federal Reserve (Fed) to cut rates earlier than expected.
17 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.
