Created
: 2025.03.10
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
US President Donald Trump says government shutdown is possible, but he is confident it will be averted
World FX news
Breaking news
US President Donald Trump says government shutdown is possible, but he is confident it will be averted
New
2025.03.10 10:16
2025.03.10 10:16
2025.03.10 10:16
US President Donald Trump said late Sunday that a government shutdown is a possibility if the House of Representatives fails to pass a temporary funding bill. However, he remains optimistic that the measure will be approved.
Congressional negotiators have released a bill that, if passed, will avert a partial government shutdown during Trump's first 100 days in office.
Market reaction
At the time of press, the US Dollar Index (DXY) was down 0.13% on the day at 103.70.
US Dollar FAQs
The US Dollar (USD) is the official currency of the United States of America, and the 'de facto' currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world's reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away.
The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed's 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback.
In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed's weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar.
Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.
Last updated
: 2025.03.10
Related articles
German Industrial Production rebounds 2% MoM in January vs. 1.5% expected
9 minutes agoForex Today: Markets remain focused on tariff headlines as new week begins
23 minutes agoFX option expiries for Mar 10 NY cut
39 minutes agoGBP/JPY tumble to near 190.60 amid BoJ rate hike prospect
2025.03.10 15:10US Dollar Index (DXY) Price Forecast: Hangs near multi-month low, around mid-103.00s
2025.03.10 14:48USD/CHF dips below 0.8800 as concerns over US growth intensify
2025.03.10 14:25
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
German Industrial Production rebounds 2% MoM in January vs. 1.5% expected
Germany's industrial sector witnessed an impressive upturn in January, according to the latest data published by Destatis on Monday.
New
2025.03.10 16:02WTI attracts some sellers to near $66.50 on tariff uncertainty
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.45 during the early European session on Monday.
New
2025.03.10 15:59Forex Today: Markets remain focused on tariff headlines as new week begins
Here is what you need to know on Monday, March 10: The US Dollar (USD) Index fell more than 3% last week and registered its largest one-week loss since November 2022.
New
2025.03.10 15:48FX option expiries for Mar 10 NY cut
FX option expiries for Mar 10 NY cut at 10:00 Eastern Time via DTCC can be found below.
New
2025.03.10 15:32GBP/JPY tumble to near 190.60 amid BoJ rate hike prospect
The GBP/JPY cross attracts some sellers to around 190.60 during the early European trading hours on Monday.
New
2025.03.10 15:10US Dollar Index (DXY) Price Forecast: Hangs near multi-month low, around mid-103.00s
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, adds to last week's heavy losses and attracts some follow-through sellers for the fifth successive day on Monday.
New
2025.03.10 14:48USD/CHF dips below 0.8800 as concerns over US growth intensify
The USD/CHF pair continues its decline for the third consecutive day and is trading around 0.8790 during Monday's Asian session.
New
2025.03.10 14:25Gold price remains confined in familiar trading range above $2,900 mark
Gold price (XAU/USD) continues with its struggle to gain any meaningful traction during the Asian session on Monday and remains confined in a familiar range held over the past week or so.
New
2025.03.10 14:20EUR/USD Price Forecast: Remains capped below 1.0900 amid the overbought condition
The EUR/USD pair loses momentum to around 1.0835 during the early European session on Monday.
New
2025.03.10 14:06India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Monday, according to data compiled by FXStreet.
New
2025.03.10 13:34Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
