An increase of the indicator value may contribute to the rise in quotes of USD.
2 February
Dollar News (USD)
Categories
Fed rate cuts will support silver — MarketGauge's Schneider
According to Kitco News, the gold market has significant upside potential driven by economic uncertainty and geopolitical instability. However, Michele Schneider, chief market strategist at MarketGauge, highlights promising opportunities in silver.
3 June 2025
Debate is heating up within the US Federal Reserve (Fed) over the future direction of monetary policy. A key factor in the discussions is President Donald Trump’s tariff policy and its impact on inflation, according to Yahoo Finance.
3 June 2025
US manufacturing activity declined for third consecutive month in May
US manufacturing activity declined for the third straight month in May, while imports plunged to a 16-year low as American companies cut production amid rising tariffs, according to Bloomberg.
3 June 2025
An increase of the indicator value may contribute to the rise in quotes of USD.
2 June 2025
A decrease of the indicator value may contribute to the fall in quotes of USD.
2 June 2025
An increase of the indicator value may contribute to the rise in quotes of USD.
2 June 2025
Dollar weakens as steel and aluminum tariff hikes and US-China tensions loom
The dollar opened the week with a downtrend on June 2, following President Trump's announcement late Friday that he intends to raise tariffs on steel and aluminum imports to 50%. Beijing responded to the move, rejecting accusations that it had breached a deal concerning key minerals.
2 June 2025
On Monday, both the US dollar and the US stock market dropped amid escalating tariff disputes between America and China. Late last week, Donald Trump announced a possible increase in steel and aluminum import tariffs effective June 4, Reuters notes.
2 June 2025
US job growth slowed in May amid shifts in trade policy — Bloomberg survey
As reported by Bloomberg, the pace of US hiring slowed in May as employers cut costs, households grew more cautious, and businesses adjusted investment strategies amid shifts in trade policy.
2 June 2025
Fed’s Christopher Waller predicts new rate cuts this year
Federal Reserve (Fed) Governor Christopher Waller considers more interest rate cuts likely to happen later this year. This forecast is based on expectations of rising unemployment and temporary inflation increase in the country.
2 June 2025
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.
