An increase of the indicator value may contribute to the rise in quotes of USD.
An increase of the indicator value may contribute to the rise in quotes of USD.
The US President continues to confront the Fed over monetary policy. Donald Trump's frustration has grown again after the release of favorable month-on-month inflation data for April. Trump argues that slowing consumer price growth is a good reason to cut interest rates.
Following a short-term trade pact between the US and China, Michael Feroli, chief economist at JPMorgan Chase, has revised his forecast for American GDP in 2025. The expected recession has shifted to a growth projection of 0.6%, up 0.4% from previous estimates.
The National Federation of Independent Business (NFIB) optimism index in the United States fell by 1.6 points to 95.8 in April, the lowest level since last October. This marks the index's fourth consecutive decline, Bloomberg reports.
More subdued-than-expected inflation and an easing of trade tensions between Washington and Beijing have alleviated concerns about reduced spending by US households and businesses in the near term.
The US dollar has steadied following its sharpest decline in over three weeks as global trade tensions are cooling down. The outlook for US commerce with other countries has improved after an agreement with the UK last week and talks with China.
According to Jens Nordvig, the founder of Exante Data, the dollar's recent rebound, sparked by easing US-China trade tensions, is only temporary. The expert believes a multi-year bear market has just begun, driven by the Trump administration's chaotic efforts to reshape the US economy.
A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
An increase of the indicator value may contribute to the rise in quotes of USD and the fall in quotes of Silver, Gold.
Australia's pension funds with a capital of 4.2 trillion Australian dollars (2.7 trillion US dollars) are reviewing some of their investment strategies amid uncertain trade policies of the United States.
April’s US consumer price index (CPI) is expected to provide first clear signs of inflationary impact from President Donald Trump’s import duties.
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.