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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Dollar remains vulnerable to shifts in US president's trade policy
The dollar held steady on Wednesday, but posted its weakest monthly performance since November 2022. The uncertain trade policy of US President Donald Trump continues to weigh on the currency, Reuters reports.
30 April
A decrease of the indicator value may contribute to the fall in quotes of USD.
29 April
Torsten Slok of Apollo Global Management shared a detailed analysis of potential impacts from the US administration’s trade policy. He estimates that first signs of a shortage of Chinese goods could emerge as early as May, and the US economy risks sliding into a recession in the summer of 2025.
29 April
Texas manufacturing activity drops to 5-year low amid US tariff policies
According to a report by the Federal Reserve Bank of Dallas, a widely used gauge of manufacturing activity in Texas has plummeted to a 5-year low due to Donald Trump's tariff policies.
29 April
Dollar weakness boosts value of safe-haven currencies — Bloomberg
The Bloomberg Dollar Spot Index slipped 0.5% on Monday, extending its year-to-date decline to almost 7%. According to the agency, soft US industrial-production data and sluggish progress in trade talks have fueled the sell-off in the greenback.
29 April
Trump plans to ease US import tariffs on cars and auto parts
Donald Trump intends to reduce the proposed tariffs on imported cars and auto parts. The decision is motivated by the fact that the United States has managed to achieve the target of stimulating the local industry, according to Bloomberg.
29 April
Dollar sees moderate recovery amid ongoing US-China trade tensions
The dollar barely recovered from steep losses on Tuesday as investors remained uncertain about a de-escalation in trade tensions between China and the US, according to Reuters.
29 April
BoE’s Greene points out impact of US dollar exchange rate on UK monetary policy
Megan Greene from the Bank of England noted the impact of the dollar's exchange rate on British monetary policy. In her opinion, a weaker dollar has a deflationary effect on the UK economy, helping to accelerate rate cuts.
28 April
US consumer sentiment fell in April to one of lowest levels since 1970s
US consumer sentiment fell significantly in April, with inflation expectations hitting new highs on concerns about the impact of tariffs on the country's economy.
28 April
Trump’s trade policies weigh on US port operations and freight volumes — FT
According to the Financial Times, Trump’s trade policies are hurting the US economy due to the confrontation with China.
28 April
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.
