An increase of the indicator value may contribute to the rise in quotes of USD and the fall in quotes of Silver, Gold.
Yesterday at 12:30 PM
Dollar News (USD)
Categories
Financial leaders urge quick action on Trump’s trade initiatives — Bloomberg
US Treasury Secretary Scott Bessent laid out President Trump's trade policy to Wall Street representatives. Major investors, including executives from KKR, Citigroup, and Carlyle Group, have acknowledged the need for trade reforms and called for swift action.
6 May
Apollo Global Management says trade chaos worsens US economic situation
Mark Rowan, the head of Apollo Global Management, has stated the potential risks that the current trade policy poses to the US economy. He believes that continued instability in tariff policy could lead to two consecutive quarters of negative economic growth.
6 May
Scott Bessent predicts Trump's policies will strengthen US economy
At the Milken Institute Global Conference in Los Angeles, US Treasury Secretary Scott Bessent defended the President's economic policies. Bessent described Trump's approach as a comprehensive strategy designed to stimulate long-term investment in the American economy.
6 May
In April, the Institute for Supply Management’s (ISM) US Services Purchasing Managers’ Index (PMI) rose to 51.6, up from 50.8 in March. The increase was partly driven by active purchases of goods by American businesses and households ahead of anticipated new trade tariffs by the US administration.
6 May
US dollar declines on back of its Taiwanese counterpart strengthening
On Tuesday, the US dollar declines as its Taiwanese counterpart strengthens, highlighting the fragility of the greenback. Additionally, investors remain unsure of the greenback’s reliability and are wary of putting money into the US currency.
6 May
A decrease of the indicator value may contribute to the fall in quotes of USD.
5 May
Manufacturing activity in US hit 5-mouth low due to Trump’s tariffs
According to Yahoo Finance analytics, in April, manufacturing activity in the United States reached the minimum values for the last 5 months. The reason for such changes was the introduction of trade tariffs by US President Donald Trump.
5 May
Ahead of a meeting of US central bank officials in Washington in the next two days, markets expect the Federal Reserve to keep interest rates unchanged, as Bloomberg noted.
5 May
Donald Trump refrained from dismissing Fed chair Powell
US President Donald Trump refused to fire Jerome Powell as Chairman of the Federal Reserve Board (Fed) until the end of his term in May 2026.
5 May
The dollar extended its decline on Monday. Sudden shifts in US trade policy, coupled with pressure on the Federal Reserve, undermined investor confidence in the currency, Reuters reports.
5 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.
