An increase of the indicator value may contribute to the rise in quotes of USD and the fall in quotes of Silver, Gold.
11 September
Dollar News (USD)
Categories
The US dollar is at its lowest level in three years due to Trump’s intentions to oust Federal Reserve chairman, which caused the deterioration of investor’s confidence in the US economy.
22 April
Trade tensions prompt China to cut imports of US goods
Chinese customs data released on Sunday showed a sharp decline in imports of liquefied natural gas (LNG) and wheat from the United States, with purchases falling to zero in March. Last year, the US accounted for 5% of China's fuel deliveries and 17% of its maize supplies.
21 April
Finance Minister of France sees several solid reasons to avoid firing US Fed Chair
French Finance Minister Eric Lombard commented on the US President's recent statements about a possible dismissal of the Fed Chair. In an interview with La Tribune Dimanche, he warned that Powell's ouster would harm the US economy and further undermine the weakened credibility of the dollar.
21 April
Chicago Fed President hopes to keep US central bank’s independence from political influence
Chicago Fed President Austan Goolsbee expressed hope that Federal Reserve will retain its independence in monetary policy decisions. He noted that countries where the central bank's actions are dictated by the government tend to experience worse inflation, economic growth, and employment rates.
21 April
The US dollar fell to its weakest level since January 2024 as investors sold American assets following reports that President Donald Trump is considering firing Federal Reserve (Fed) Chair Jerome Powell. US stocks dropped 1%, while Treasury yields rose, Bloomberg data showed.
21 April
US unemployment benefit applications drop to two-month low
Initial applications for US unemployment benefits fell by 9,000 to 215,000 for the week ended April 12, reaching a two-month low. This level was below economists' forecasts of 225,000, according to Bloomberg data.
18 April
John Williams, Federal Reserve Bank (Fed) of New York President, sees no imminent need to change monetary policy. Williams, who is also vice chairman of the rate-setting Federal Open Market Committee, notes significant uncertainty around the US economic outlook.
18 April
Trump could fire Fed Chair Powell over disagreement with his monetary decisions
US President Donald Trump outlined the possibility of firing the Federal Reserve (Fed) Chairman Jerome Powell over disagreement with his decisions regarding interest rates. Some members of the administration, however, advised the president to show restraint in this matter.
18 April
No change of the indicator value may reduce the volatility of the related markets.
17 April
BlueBay sells dollars as US exceptionalism fades away
RBC BlueBay Asset Management is betting on falling US exceptionalism as Donald Trump's trade policies threaten to undermine credibility and confidence in the greenback. The regulator went short on the American dollar, expressing concerns that the President’s tariffs appear ill-conceived.
17 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.
