- Trump on Election Battles: Legislators, Judges Need ‘Courage’ to Do What’s Right
By Zachary Stieber
President Donald Trump on Tuesday wondered if lawmakers or judges have the courage to help him challenge election results in key battleground states.
“Let’s see whether ...
- States Back Texas in Supreme Court Suit, Alleging ‘Unconstitutional’ Election in Battleground States
By Janita Kan
Several states have expressed their support for Texas’s bid to challenge the election results in four battleground states, which was filed on Tuesday ...
- Troubling Foreign Ties Behind Voting Machines Used in US
By Bowen Xiao
Behind a significant portion of voting machines used in the United States lies a complex web of questionable foreign ties, a hidden ...
- Inauguration Committee Fails to Pass Resolution Acknowledging Biden as President-Elect
By Jack Phillips
The Joint Congressional Committee on Inaugural Ceremonies voted down a resolution to acknowledge Joe Biden as the president-elect as President Donald Trump and ...
- Campaign Lawyer: Legislatures in Swing States Will Switch Electors to Trump
By Zachary Stieber
President Donald Trump’s campaign is confident that at least one state legislature will take back the power to select electors and change to supporting ...
- Sidney Powell on Georgia Lawsuit: ‘Expect to Get Relief from Supreme Court’
By Jack Phillips
Lawyer Sidney Powell, who filed several lawsuits challenging the election results, said on Monday that she hopes her lawsuit in Georgia will be heard by ...
- Michigan House Chairman Tells Dominion CEO to Appear or Be Subpoenaed
By Zachary Stieber
A Michigan lawmaker leading the investigation into the 2020 election threatened Dominion Voting Systems CEO with a subpoena if he doesn’t appear before his ...
- Richard Grenell on Election Fraud, Nevada Voting Machines, and Trump’s ‘America First’ Diplomatic Success
By Jan Jekielek
In this episode, we sit down with Richard Grenell, the former Acting Director of National Intelligence and former U.S. Ambassador to Germany from ...
- Georgia Election Workers Sealed Ballots Before Observers, Media Left on Election Night: Investigator
By Zachary Stieber
Workers in Georgia’s largest county on election night sealed ballots in boxes and shoved the boxes under a table that was brought into an absentee ballot counting ...
- Sidney Powell Files Notice of Appeal in Georgia Election Lawsuit
By Ivan Pentchoukov
The legal team led by Sidney Powell informed a federal court in Georgia late on Monday that it is appealing the dismissal of its ...
- Trump Campaign Asks Michigan Supreme Court to Declare That Election Process Violated State Constitution
By Janita Kan
The Trump campaign on Monday asked the Michigan Supreme Court to review a legal challenge seeking “meaningful access” for poll challengers to ...
- Representative Elect Boebert Vows to End ‘Socialist Agenda’ in the US
By Isabel Van Brugen and Jan Jekielek
Rep.-elect Lauren Boebert (R-Colo.) said Sunday that her team’s vision is to put an end to the “socialist agenda” that ...
![Strong labor data and positive expectations about the incoming Trump administration pushed the U.S. dollar to a two-year high on Thursday. The U.S. dollar iIndex hit a high of 109.53 on Jan. 2, the first trading day of the year, and the highest since November 2022. The jump came as data released on Thursday by the U.S. Department of Labor showed that initial jobless claims hit an eight-month low, suggesting a robust labor market, which is a positive sign for the overall economy. The dollar index was trading slightly lower on Friday at 108.96 as of 08:30 a.m. EST. The dollar index increase is also supported by investor confidence in the upcoming Trump administration, which assumes power this month. According to a recent survey by consulting company Teneo, “global CEOs and investors are optimistic about the economic impact of a second Trump administration, outweighing concerns about tariffs, geopolitical tensions, and trade barriers.” Story continues below advertisement In fact, “50 percent of global CEOs are accelerating activities in areas such as domestic and international investment and hiring based on the outcome of the 2024 U.S. election,” it said. While the dollar strengthened, the euro and sterling declined on Thursday. The euro fell to its lowest level in more than two years while the sterling declined to its lowest in eight months. A Dec. 17 report from JP Morgan predicts the U.S. dollar to reach even new highs over the coming months. Related Stories How Major US Stock Indexes Fared Jan. 2 1/2/2025 How Major US Stock Indexes Fared Jan. 2 Americans Have Hopes Trump Will Deliver on Immigration, Economy, Safety: Gallup 1/2/2025 Americans Have Hopes Trump Will Deliver on Immigration, Economy, Safety: Gallup “November’s election outcome has given way to lower global growth expectations, wider growth gaps between the U.S. and the rest of the world, and higher terminal federal funds rate forecasts for 2025—the perfect trifecta of bullish U.S. dollar cyclical impulse,” said Meera Chandan, co-head of Global FX Strategy at the company. “These are early first-order reactions that may give way to deeper rethinks once the full set of Trump administration policies are known next year [2025], but for now, they constitute a solid economic rationale for carrying a long U.S. dollar stance into the first quarter of 2025.” JP Morgan sees the euro’s outlook as bearish, noting the eurozone is especially vulnerable to trade conflicts. And while sterling was the best-performing currency against the dollar last year, such an outperformance is not expected this year, it said. US Economy Performance in 2025 With President-elect Donald Trump set to take power in less than three weeks, there are mixed views about how things could shape up for the American economy. According to a Dec. 9 post by Morgan Stanley, markets are “bullish on Trump’s second term, hoping for tax cuts and better growth.” “We expect no net stimulus and a decent size hit from tariffs and immigration. This should be bullish for bonds as the Fed continues cutting, but could be a disappointment for frothy stocks,” it said. Regarding tariffs, the most likely outcome is a 20 percent hike on Chinese imports and on vehicles from Mexico and the European Union, Morgan Stanley said. Story continues below advertisement It predicts the U.S. Federal Reserve to continue cutting interest rates to a range of 3 percent 3.5 percent by the end of 2025. S&P Global is forecasting the U.S. economy to grow by 2 percent in 2025 and 2026, following an estimated growth of 2.7 percent last year. The company sees inflation to likely remain above the 2 percent level for “longer than we previously thought.” Goldman Sachs predicts the U.S. economy to “beat expectations” this year. “The U.S. economy is in a good place,” said David Mericle, an economist with the company. “Recession fears have diminished, inflation is trending back toward 2 percent, and the labor market has rebalanced but remains strong.” While Trump’s policy changes are likely to be “significant,” Mericle does not see these actions changing the trajectory of the economy substantially. Goldman foresees the Fed reducing interest rates to a range of 3.25–3.50 percent, with the U.S. GDP predicted to grow by 2.5 percent. There have been three consecutive quarters of economic growth in the first nine months of 2024—1.6 percent in the first quarter, 3 percent in the second, and 3.1 percent in the third.](https://www.usnn.news/wp-content/uploads/2025/01/US-Dollar-Index-Hits-Highest-Level-in-2-Years-Euro-Falls-jpg.webp "US Dollar Index Hits Highest Level in 2 Years, Euro Falls | USNN World News")
