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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Founder of Point72 Asset Management sees 45% chance of US recession
Speaking at the Sohn conference in New York, the founder of hedge fund Point72 Asset Management Steve Cohen shared his outlook on the American economy. He expects a sharp slowdown in the country's GDP growth in the coming years. The risk of a recession he estimates at about 45%.
15 May
Fed Vice Chair expects US economy to slow and inflation to rise
US Federal Reserve (Fed) Vice Chair Philip Jefferson expects import tariffs and associated uncertainty to slow economic growth and boost inflation in the country this year. However, monetary policy is currently well positioned to respond.
15 May
US consumers curb spending amid tariff policies and economic uncertainty
US consumers are adapting their spending habits amid economic uncertainty and the Trump administration's trade policies, according to a KPMG study cited by CNBC. Americans are being forced to revise their financial plans, delaying major purchases and worrying about increased debt burden.
15 May
San Francisco Fed President emphasizes US economic resilience amid policy shifts
President of the Federal Reserve Bank (Fed) of San Francisco Mary Daly asserts that the US economy's resilience is prompting officials to exercise caution as they await new data. These reports are about to reveal the effects of Donald Trump's policies on businesses and households.
15 May
The US-China tariff pause made analysts doubt that the Federal Reserve (Fed) will cut rates soon amid easing concerns of the US economy sliding into a recession. Before the deal, the central bank was expected to ease monetary policy in summer.
15 May
Goldman Sachs President John Waldron said that the recent decline in investor interest in dollar assets should be interpreted as investors returning to a more neutral stance on the currency, rather than a mass flight from these assets.
14 May
Trump keeps pushing for US interest rates cuts amid favorable inflation data
The US President continues to confront the Fed over monetary policy. Donald Trump's frustration has grown again after the release of favorable month-on-month inflation data for April. Trump argues that slowing consumer price growth is a good reason to cut interest rates.
14 May
JPMorgan Chase upgrades US economic growth forecast for 2025
Following a short-term trade pact between the US and China, Michael Feroli, chief economist at JPMorgan Chase, has revised his forecast for American GDP in 2025. The expected recession has shifted to a growth projection of 0.6%, up 0.4% from previous estimates.
14 May
US small business optimism declines for fourth consecutive month
The National Federation of Independent Business (NFIB) optimism index in the United States fell by 1.6 points to 95.8 in April, the lowest level since last October. This marks the index's fourth consecutive decline, Bloomberg reports.
14 May
Fed will keep rates unchanged due to subdued inflation and easing US-China trade tensions
More subdued-than-expected inflation and an easing of trade tensions between Washington and Beijing have alleviated concerns about reduced spending by US households and businesses in the near term.
14 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.
