An increase of the indicator value may contribute to the rise in quotes of USD and the fall in quotes of Silver, Gold.
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Dollar News (USD)
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On Monday, the euro hit a one-month high against the dollar. This occurred after US President Donald Trump reversed his decision to impose 50% tariffs on EU imports. The American leader gave time to the bloc until July 9 to reach a trade agreement.
26 May
Yardeni Research predicts debt crisis in US
The US credit rating downgrade by Moody's last week continues to weigh on markets, increasing investor fears about the country's soaring national debt. Yardeni Research experts consider a negative scenario quite possible, but do not view it as catastrophic.
26 May
Americans grow concerned over weaker economy and rising prices due to trade policies
A new Harris Poll conducted for Bloomberg News reveals that a majority of Americans disapprove of the US President's trade policy. The poll found that 56% of respondents feel their financial situation has worsened since new tariffs were imposed.
26 May
US President Donald Trump agreed to move the imposition of tariffs on goods from Europe to July 9 during a phone call with Ursula von der Leyen, European Commission President. Last week, the US leader announced his intention to introduce a 50% levy on EU imports starting June 1.
26 May
Allianz GI says Republicans undermine US investment appeal
Alex Bibani, senior portfolio manager at Allianz Global Investors, warns of a deteriorating investment climate in the US due to Republicans’ decision to overhaul clean energy legislation.
26 May
Another US tariff pause against Europe puts pressure on dollar — Bloomberg
After Friday's concerns about Trump's plan to impose 50% tariffs on Europe as early as June 1, markets found a relief at the beginning of this week when the US President announced a pause in the introduction of these measures until July 9. As a result, the US dollar declined, Bloomberg says.
26 May
As Bloomberg reports, the Federal Reserve (Fed) is optimistic about the lack of a significant increase in official inflation data. The monetary authority intends to keep interest rates unchanged until the impact of trade policies on the US economy becomes clearer.
26 May
Philippines may reduce US Treasury reserves after Moody’s decision
After Moody's downgraded the United States' credit rating, the central bank of the Philippines said it may consider reducing its holdings of US Treasury bonds. This was announced by the regulator's governor Eli Remolona.
23 May
Bank of America (BofA) Securities reports that discussions of potential currency agreements have become a key market focus. Meanwhile, US fiscal policy no longer provides the same level of support for the dollar.
23 May
European Union and US will hold discussion on trade tensions this Friday
According to a spokesman for the European Commission, the European Union's trade chief Maros Sefcovic is planning to hold a telephone conversation with his American counterpart, Jamieson Greer, today.
23 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.
