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
A decrease of the indicator value may contribute to the fall in quotes of USD.
24 March
US inflation remains at levels that concern Federal Reserve (Fed) officials. At the same time, President Donald Trump's administration continues to impose import tariffs, which could support high price pressures.
24 March
Bloomberg: US economic data adds to concerns about slowdown in country's GDP growth
Updated US economic data is conflicting. Market participants are debating whether growing concerns over President Donald Trump's trade policies will lead to a slowdown in GDP growth in the United States. This is reported by Bloomberg.
24 March
The US central bank's current monetary policy course has been correctly chosen, said John Williams, president of the Federal Reserve Bank of New York. According to him, at the moment there is no urgent need to make changes in interest rates.
24 March
The US Federal Reserve's (Fed) decision to lower the pace of its balance sheet unwind has led some Wall Street strategists to revise their forecasts for the end of the quantitative tightening program.
21 March
Number of jobless claims filed by US federal workers decreased last week compared to week before
According to the US Department of Labor, 821 initial claims for unemployment benefits were submitted nationwide by federal employees for the week ended March 15. By comparison, the previous week's number was 1,066.
21 March
On Friday, the dollar strengthened against major currencies after the US Federal Reserve (Fed) signalled no rush to cut its interset rates. The dollar index is holding near 103.81 after rising 0.36% the day before.
21 March
An increase of the indicator value may contribute to the rise in quotes of USD.
20 March
Bank of America CEO: US economy is on track for strong growth
Brian Moynihan, CEO of Bank of America (BofA), spoke to CNBC about the US economy. He stressed out that consumer spending remains strong despite mounting inflation anxiety.
20 March
For the first time in its history, the University of California at Los Angeles (UCLA Anderson), involved in economic forecasting since 1952, has announced the probability of a recession in the United States. The university's experts estimate a 36% chance of a recession.
20 March
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.
