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 dollar fell significantly after US President Donald Trump announced the imposition of more aggressive than expected duties on the country's trading partners. The claims made investors turn to safe havens, such as the franc and the yen.
3 April
The number of jobs available in the United States fell in February to 7.57 million, compared with an estimate of 7.66 million. The decline was due to a decrease in job openings in the retail, financial, and service sectors.
2 April
Chicago Fed President warns of pullback in US consumer spending caused by import tariffs
Federal Reserve Bank (Fed) of Chicago President Austan Goolsbee warns that the US administration’s import tariffs could lead to a decline in consumer spending and investment.
2 April
Richmond Fed warns Trump policies risk fueling inflation and reducing jobs
Federal Reserve Bank of Richmond President Tom Barkin believes that US President Donald Trump's tariffs risk fueling inflation and driving up unemployment.
2 April
Dollar firmed slightly ahead of Donald Trump's announcement of sweeping tariffs
The dollar strengthened slightly on Wednesday as traders were awaiting details of Donald Trump’s tariff plans. Reciprocal duties on countries that levy US goods will go into effect immediately after Trump's announcement on April 2.
2 April
A decrease of the indicator value may contribute to the fall in quotes of USD.
1 April
A decrease of the indicator value may contribute to the fall in quotes of USD.
1 April
An increase of the indicator value may contribute to the rise in quotes of USD.
1 April
Stagflation is currently a hot topic in financial markets. Concerns about a potential US stagflation has spiked ahead of new tariffs that President Donald Trump plans to impose as early as April 2, Yahoo Finance reports.
1 April
US automakers lobby Trump for tariff relief
Bloomberg reports that US automakers are making a last-ditch effort to convince US President Donald Trump to temper tariffs on the country's major trading partners. In particular, this week may see the States enact import duties on cars and their components.
1 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.
