A decrease of the indicator value may contribute to the fall in quotes of USD.
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Dollar News (USD)
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Tariffs won't reverse US manufacturing decline — Capital Economics
The US President has repeatedly claimed that higher import tariffs on key trading partners will help boost employment in the manufacturing sector. But Capital Economics experts believe these measures won't deliver as promised.
23 July
Trump's import tariffs are being paid by Americans — Bloomberg
In the US, import prices excluding fuel were up notably in June. President Donald Trump claimed other countries would pay for his import tariffs. But foreign companies aren't paying the rate. Macroeconomic data shows Americans and US businesses are bearing most of these costs.
23 July
The dollar is set for its longest slump in three weeks. Bloomberg reports that options markets point to more losses ahead, and rising risks could trigger another plunge in the US currency as early as August.
23 July
Bank of America confirms its forecast for the euro to strengthen against the US dollar. The bank expects the currency pair to reach 1.17 by the end of 2025. The current euro exchange rate appears stronger against the greenback.
22 July
Congressional Budget Office says Trump’s new reforms could drastically increase US deficit
The tax and spending bill recently signed by President Donald Trump is projected to increase the US federal deficit by $3.4 trillion over the next decade while leaving roughly 10 million Americans without health care coverage, according to a new estimate from the Congressional Budget Office.
22 July
Bank of America (BofA) predicts the US economy will avoid a recession in 2025, with the Fed maintaining current interest rates. Despite market expectations of potential rate cuts, robust consumer spending and persistent goods inflation demonstrate the economy's continued strength.
22 July
US dollar fluctuates amid uncertainty over Trump tariffs
The US dollar is trading in a narrow range after an initial weekly decline as investors await developments in trade negotiations between the US and other major economies, Reuters reports. Treasury Secretary Scott Bessent stressed that quality trade agreements take precedence over speed.
22 July
Dollar's stability appears vulnerable — Goldman Sachs
Goldman Sachs analysts note that renewed strength in US assets has supported the dollar’s rebound. However, this poses the biggest risk to the bank’s bearish outlook on the currency. The US Dollar Index rose 1.7% in July, after dropping nearly 12% in the first half of the year.
21 July
UBS analysts expect the US dollar to weaken in the medium term, with the EUR/USD pair possibly reaching 1.20. The bank adheres to this forecast, even despite the uncertainty about the September rate cut by the US Federal Reserve.
21 July
Consumer sentiment in US rising amid improving inflation expectations
The preliminary US Consumer Sentiment Index for July, calculated by the University of Michigan, rose to a five-month high of 61.8 from 60.7 in June. However, the index remains below levels seen last year.
21 July
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.
