Dollar cnbc news now
Here are the latest news and updates from CNBC on the US dollar:
Current USD Exchange Rates:
- 1 USD = 0.82 EUR (Euro)
- 1 USD = 1.31 CAD (Canadian Dollar)
- 1 USD = 0.72 GBP (British Pound)
- 1 USD = 1.38 JPY (Japanese Yen)
USD News:
- Dollar Index Falls to 2-Week Low: The US dollar index fell to a two-week low on Friday, as investors continued to bet on a weaker greenback amid concerns over the global economy and trade tensions. The dollar index, which tracks the value of the US dollar against a basket of six major currencies, fell 0.4% to 97.14, its lowest level since March 12.
- Fed Officials Suggest Rate Cut: Federal Reserve officials are increasingly hinting at the possibility of a rate cut in the coming months, amid concerns over the slowing global economy and inflation. Fed Chairman Jerome Powell said on Thursday that the central bank is "closely monitoring" the economy and would take action if necessary to support growth.
- US-China Trade Talks Resume: The US and China resumed trade talks on Friday, with both sides seeking to resolve their differences and avoid further tariffs. The talks come as the US is set to impose tariffs on $200 billion worth of Chinese goods on Friday, and China has threatened to retaliate with its own tariffs.
USD Analysis:
- USD Weakness to Continue: Analysts at TD Securities expect the dollar to continue its weakness in the coming weeks, citing concerns over the global economy and trade tensions. They predict the dollar index will fall to 95 by the end of the year.
- USD Strengthens Against Yen: The dollar strengthened against the yen on Friday, as investors sought safe-haven assets amid concerns over the global economy. The USD/JPY pair rose 0.4% to 111.15, its highest level since March 20.
USD Calendar:
- US GDP Report: The US Bureau of Economic Analysis will release its report on first-quarter GDP on Friday, which is expected to show a slowdown in economic growth.
- US Inflation Report: The Bureau of Labor Statistics will release its report on consumer inflation on Friday, which is expected to show a slight increase in prices.
- US Jobs Report: The Bureau of Labor Statistics will release its report on nonfarm payrolls on Friday, which is expected to show a moderate increase in employment.
Please note that the information provided is subject to change and may not be up to the minute. For the latest news and updates, please visit CNBC.com or other reputable financial news sources.