An increase of the indicator value may contribute to the rise in quotes of USD and the fall in quotes of Silver, Gold.
59 minutes ago
Dollar News (USD)
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Consumer sentiment in US surged sharply amid tariff easing
According to Bloomberg, US consumer sentiment rose significantly in May from nearly a five-year low, driven by improved economic outlook following the tariff agreement. The Conference Board’s Consumer Confidence Index increased by 12.3 points to 98, marking the largest monthly gain in four years.
28 May
A decrease of the indicator value may contribute to the fall in quotes of USD.
27 May
News that US tariffs against the EU have been postponed did not provide sufficient support for the dollar. According to ING expert Francesco Pesole, this is due to traders' continued concern over Trump's uncertain trade and tax policies.
27 May
US dollar index dips as Trump threatens EU with new tariffs — FXStreet
According to FXStreet's research, the US Dollar Index is in a bearish trend. The greenback is currently trading below the 100-point psychological level and is potentially heading towards a 2025 low of 97.9 points. Still, there are signs that this decline may slow down.
27 May
S&P 500 climbs on easing US–EU trade worries
On Tuesday, the S&P 500 surged by over 1%, extending Monday's gains after US President Donald Trump delayed the imposition of import tariffs on EU goods, Bloomberg reports.
27 May
The Japanese yen has taken a hit after its surge during the Asian trading session, which happened at the same time as a big hike in the dollar. The decision by US President Donald Trump to postpone 50% import tariffs on the EU has given investors a much-needed boost.
27 May
House Speaker criticizes forecasts of higher US budget deficit due to tax reforms
Donald Trump's tax reforms in the United States continue to provoke strong reactions from experts. While some expect a reduction in government spending, others fear a sharp rise in the budget deficit. House Speaker Mike Johnson belongs to the first group and supports the initiative.
27 May
Federal Reserve Bank of Minneapolis President Neel Kashkari stated that uncertainty surrounding US trade and immigration policies is hindering the central bank's ability to decide on interest rate cuts.
27 May
Donald Trump's plans to impose 50% duties on European goods remain a serious threat to the global economy. Besides, surging US debt undermines investor confidence in the Treasury bond market. Weak demand for bonds and, as a result, a sharp rise in yields may boost interest in gold.
27 May
Dollar stutters as Trump tax bill debate rages on
The dollar struggled to regain ground on Tuesday as market worries about how the sweeping US tax bill might affect the national economy persist, continuing to drag down American equities, Reuters reports.
27 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.
