A decrease of the indicator value may contribute to the fall in quotes of USD.
5 September
Dollar News (USD)
Categories
Fed's Daly considers US monetary policy adequate
San Francisco Fed President Mary Daly described monetary policy as adequate for achieving a targeted reduction in inflation.
30 May
According to Reuters, court rulings may slow down, but not stop President Donald Trump's global tariff offensive.
30 May
Legal disputes over Trump's tariffs heighten investor anxiety and put pressure on dollar
The uncertainty around Donald Trump's import tariffs keeps weighing on the markets. First and foremost, investor concerns are negatively impacting the dollar. At the end of yesterday's trading session, the US currency slumped again after the duties were resumed.
30 May
US recurring jobless claims rose to highest since 2021
US continuing jobless claims surged to the highest level since November 2021. This could signal a rise in the unemployment rate in May, Bloomberg says.
30 May
On Thursday, the US federal appeals court suspended the decision of US Court of International trade that sought to restrict President Donald Trump’s tariff policy. To issue a final verdict, the judicial body set a briefing schedule that runs through June 9.
30 May
US economy contracted 0.2% in Q1 due to lower spending and tariff implications
According to the revised estimate of the US Bureau of Economic Analysis, the country's GDP contracted by 0.2% year-on-year over the first quarter. An earlier estimate indicated a more pronounced drop in the figure (-0.3%).
30 May
US dollar likely to maintain strong demand ahead — ING
ING analysts suggest that the recent news of Trump's tariffs being blocked, combined with the Federal Reserve's sentiment to keep interest rates high, could sustain dollar demand in the short term.
29 May
An increase of the indicator value may contribute to the rise in quotes of USD.
29 May
A decrease of the indicator value may contribute to the fall in quotes of USD.
29 May
Dollar index climbs above 100 after US court blocks Trump's tariffs
The dollar rose against six major currencies with a slight correction on Thursday, May 29, following the US Federal Trade Court's ruling blocking the US president's tariffs. The court ordered Trump to revoke the relevant directives.
29 May
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.
