Created
: 2025.08.06
- 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
Hassett: Trump's top priority is to make economic data reliable
World FX news
Breaking news
Hassett: Trump's top priority is to make economic data reliable
New
2025.08.06 21:40
2025.08.06 21:40
2025.08.06 21:40
The White House's economic adviser Kevin Hassett mentioned that Apple was expected to share an investment update on Wednesday as part of a broader conversation about the financial commitments companies and nations have made under President Trump's leadership.
Key Quotes
- Trump's top priority is to make economic data reliable.
- Trump is not aiming to hire people to give data he likes.
- We are likely to hear about a new factory from Apple.
- The Apple announcement will likely be today.
- On Switzerland: We will see how it goes.
- When asked about the Fed job: I am happy to talk about the challenge.
- Trump's highest priority is Fed independence.
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
: 2025.08.06
Related articles
GBP/USD climbs to 1.3340 ahead of BoE meeting Fed speaker blitz
44 minutes agoEuro surges past 1.1600 as Fed rate cut bets weigh on Greenback
2025.08.07 00:45US: Trend employment growth shifts lower - Standard Chartered
2025.08.07 00:27US President Trump issues executive order imposing additional 25% tariff on India
2025.08.06 23:23Japanese Yen strengthens as US Dollar falters on dovish Fed outlook
2025.08.06 23:10Fed's Kashkari: Two rate cuts this year still seem appropriate.
2025.08.06 22:10
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
GBP/USD climbs to 1.3340 ahead of BoE meeting Fed speaker blitz
The GBP/USD climbs solidly during the North American session, up by 0.37% ahead of the Bank of England's (BoE) meeting and as traders digest the recent Nonfarm Payroll figures, and over the weekend developments, that opened a spot for US President Trump to nominate a Fed Governor.
New
2025.08.07 01:02Euro surges past 1.1600 as Fed rate cut bets weigh on Greenback
The Euro (EUR) trades with a positive bias against the US Dollar (USD) on Wednesday, with EUR/USD extending gains above the 1.1600 level, marking its highest level in over a week.
New
2025.08.07 00:45US: Trend employment growth shifts lower - Standard Chartered
Immigration crackdown suggests much lower US trend employment growth than in the last few years. We estimate that the new equilibrium for monthly job growth is 100k. Recent NFP softness suggests that the labour market is now likely in excess supply, Standard Chartered's Economist Dan Pan reports.
New
2025.08.07 00:27US President Trump issues executive order imposing additional 25% tariff on India
The White House announced on Wednesday that United States (US) President Donald Trump issued an executive order, imposing an additional 25% tariff on goods from India, per Reuters.
New
2025.08.06 23:23Japanese Yen strengthens as US Dollar falters on dovish Fed outlook
The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Wednesday, with USD/JPY edging lower toward the 147.00 handle, last seen trading around 147.33.
New
2025.08.06 23:10Fed's Kashkari: Two rate cuts this year still seem appropriate.
Neel Kashkari, the President of the Minneapolis Fed, suggests that there could be two rate cuts this year due to the current slowdown in the US economy.
New
2025.08.06 22:10Canadian Dollar edges higher amid trade tensions and weak US Dollar
The Canadian Dollar (CAD) is trading with a mild bid tone against the US Dollar (USD) on Wednesday, albeit within a narrow range, as the Greenback remains on the defensive but holds firm near the lower end of its range established following last week's Nonfarm Payrolls (NFP) report.
New
2025.08.06 22:00Hassett: Trump's top priority is to make economic data reliable
The White House's economic adviser Kevin Hassett mentioned that Apple was expected to share an investment update on Wednesday as part of a broader conversation about the financial commitments companies and nations have made under President Trump's leadership.
New
2025.08.06 21:39GBP lags peers somewhat - Scotiabank
Pound Sterling (GBP) is fractionally firmer on the day against a generally weaker US Dollar (USD) but it has lost ground to the Euro (EUR) again, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
New
2025.08.06 21:03US Dollar Index (DXY) drifts lower to 98.50 amid speculation about the next Fed Chair
The US Dollar is trading lower on Wednesday, weighed by a combination of renewed stagflation concerns following weak US macroeconomic data and investors' caution, awaiting Trump's nominee for the Fed Chair.The US President narrowed down the number of candidates to four after the rejection of Treasur
New
2025.08.06 21:01Disclaimer:
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
