An increase of the indicator value may contribute to the rise in quotes of USD and the fall in quotes of Silver, Gold.
An increase of the indicator value may contribute to the rise in quotes of USD and the fall in quotes of Silver, Gold.
A decrease of the indicator value may contribute to the fall in quotes of USD.
The US gross domestic product (GDP) will rise to 2–2.5% in the first quarter of 2025, said the National Economic Council director Kevin Hassett while giving an interview to Fox News.
deVere Group CEO Nigel Green predicts that the US Federal Reserve (Fed) will cut rates after the country's price growth slowing in February.
A new Reuters/Ipsos survey has shown that a majority of Americans believe Donald Trump's economic policies are overly unpredictable. The survey conducted among 1,422 U.S. adults found that 57% of respondents are concerned with the president's changeable decisions.
In light of recent events, UBS experts revised their January forecast for dollar growth in 2025 downward. Their decision is attributed to increased recession risks in the U.S., unexpected fiscal changes in Europe, and a severe trade standoff between the United States and Canada.
According to Reuters, US consumer price growth was moderate last month. But this trend could be temporal, since the data by the US Department of Labor does not fully reflect the impact of import tariffs imposed by Donald Trump.
A decrease of the indicator value may contribute to the fall in quotes of USD.
A decrease of the indicator value may contribute to the fall in quotes of USD.
A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
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.