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)
Categories
Dollar slides on bets of more Federal Reserve rate cuts — Reuters
The dollar is sliding on Friday as the US economic data release has fueled expectations of more monetary easing by the Federal Reserve. Markets are now pricing in a 56-basis-point reduction by December, up from 49 points expected the day before.
16 May
US Federal Reserve (Fed) Chairman Jerome Powell has stated the central bank should rethink its approach to fostering employment and controlling inflation in response to evolving economic conditions.
16 May
An increase of the indicator value may contribute to the rise in quotes of USD.
15 May
An increase of the indicator value may contribute to the rise in quotes of USD.
15 May
An increase of the indicator value may contribute to the rise in quotes of USD.
15 May
A decrease of the indicator value may contribute to the fall in quotes of USD.
15 May
A decrease of the indicator value may contribute to the fall in quotes of USD.
15 May
US tax cuts extension could significantly increase national debt — Bloomberg
According to one official estimate, the massive tax cuts in the United States planned by the Republicans will cost the country $3.8 trillion over the next ten years. However, the calculations of independent agencies suggest larger sums, Bloomberg reports.
15 May
Dollar weakness triggered an unusual spike in volatility of other currencies
A weakening dollar raises the cost of hedging trades in other currencies worldwide, disproving the theory that costs should fall when the US currency weakens.
15 May
Due to recent clarifications in the global trade landscape, the United States is poised to avoid a recession in the coming months. Dubravko Lakos-Bujas, head of global markets strategy at JPMorgan Chase & Co., shared this perspective during an interview with Bloomberg Television.
15 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.
