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 Friday, Moody's became the third agency after Fitch Ratings and S&P Global Ratings to strip the United States of its top credit rating. The organization cut its assessment of the United States' financial reliability from AAA to Aa1.
19 May
A decrease of the indicator value may contribute to the fall in quotes of USD.
16 May
An increase of the indicator value may contribute to the rise in quotes of USD.
16 May
Donald Trump plans to impose tariffs on other countries within weeks
Within the next two or three weeks, Donald Trump plans to enact more tariffs on key US trading partners, citing his administration's inability to negotiate deals with all nations simultaneously.
16 May
Atlanta Fed President Raphael Bostic announced his expectations for a slowdown in the US economy this year, but not a recession. He also anticipates just one interest rate cut in 2025.
16 May
Barclays sees US recession risk fading due to warming relations with China
Barclays has revised its US economic growth forecast upward, ruling out the possibility of a year-end recession. The bank's decision comes as trade tensions between Washington and Beijing ease.
16 May
US manufacturing shows decline amid trade restrictions
The US manufacturing sector showed a decline in April, interrupting a six-month positive trend, Bloomberg reports. According to the Federal Reserve System, production decreased by 0.4% due to an increase in import duties.
16 May
Fed's Barr warned of trade policy risks to small businesses and supply chains
Michael Barr, a member of the Fed’s Board of Governors, voiced a cautionary note at a symposium for small businesses, underscoring the potential pitfalls of trade policy on the nation's economic landscape, as reported by Reuters.
16 May
US producer price index unexpectedly declined in April amid rising business costs
In April, the US Producer Price Index (PPI) fell at its fastest rate in five years. According to Bloomberg, this suggests that businesses are absorbing some of the hit from tariff hikes by cutting into their own profits.
16 May
US retail sales plunged in April following March surge ahead of tariffs
US retail sales slowed in April as President Donald Trump’s tariffs weighed on American consumers, who pulled forward some of their spending into March ahead of the duties, Yahoo Finance reports.
16 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.
