Dollar News (USD)

A decrease of the indicator value may contribute to the fall in quotes of USD.

According to one official estimate, the massive tax cuts in the United States planned by the Republicans will cost the country $3.8 trillion over the next ten years. However, the calculations of independent agencies suggest larger sums, Bloomberg reports.

A weakening dollar raises the cost of hedging trades in other currencies worldwide, disproving the theory that costs should fall when the US currency weakens.

Due to recent clarifications in the global trade landscape, the United States is poised to avoid a recession in the coming months. Dubravko Lakos-Bujas, head of global markets strategy at JPMorgan Chase & Co., shared this perspective during an interview with Bloomberg Television.

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%.

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.

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.

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.

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.

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.