A decrease of the indicator value may contribute to the fall in quotes of USD.
15 October
Dollar News (USD)
Categories
Billionaire Mike Novogratz recently highlighted the $36 trillion US national debt, predicting it could surpass $50 trillion within a decade. As a solution, he advocates investing in bitcoin.
6 June 2025
Challenger, Gray & Christmas report showed layoffs in US rising to five-year record high
US employers have already cut 696,309 jobs this year, according to a report from Challenger, Gray & Christmas. That's the highest since 2020. The figure for May was 47% higher than data from the same period in 2024.
6 June 2025
Atlanta Fed survey reports businesses' plan to pass 50% of tariff costs onto consumers
A survey by the Federal Reserve Bank of Atlanta reveals that US companies intend to pass on up to half of their tariff-related expenses to American consumers, who are still recovering from the pandemic-era inflation surge, Bloomberg reports.
6 June 2025
According to analysts surveyed by Bloomberg, US nonfarm payroll employment growth likely slowed to 125,000 last month while remaining at a healthy level for the labor market. However, job creation estimates vary significantly among experts, ranging from 75,000 to 190,000.
6 June 2025
A decrease of the indicator value may contribute to the fall in quotes of USD.
5 June 2025
Sluggish activity in US services sector and slowing hiring reveal negative impact of tariffs
For the first time in almost a year, business activity in the US services sector unexpectedly declined last month, while companies cut back on hiring. This indicates mounting pressure on the economy due to tariff increases.
5 June 2025
An increase of the indicator value may contribute to the rise in quotes of USD.
5 June 2025
Donald Trump's tax reforms continue to cause mixed reactions from experts. According to the nonpartisan Congressional Budget Office's calculations, the bill will increase the US budget deficit by $2.42 trillion over the next decade.
5 June 2025
US service sector business activity drops below 50 points due to Trump's tariff policies
The Institute for Supply Management released concerning data on the US services sector’s performance in May. The Purchasing Managers' Index for the sector fell by 1.7 points to 49.9. Bloomberg experts note that the 50-point threshold separates expansion from contraction in the industry.
5 June 2025
US business optimism fell sharply in the second quarter. According to a May survey by the Association of International Certified Professional Accountants (AICPA), only 27% of executives are confident about the economic outlook for the next year.
5 June 2025
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.
