- New Jersey ‘stay at home’ order issued to halt coronavirus spread, following footsteps of several states
By Brooke Singman | Fox News
New Jersey Gov. Phil Murphy signed an executive order Saturday directing all residents to “stay at home,” and “indefinitely” closing all nonessential ...
- Mike Pence says he will be tested for coronavirus after staffer tested positive
By Adam Shaw | Fox News
Vice President Mike Pence on Saturday said he will be tested for the coronavirus, after one of his staffers tested positive for ...
- Conservatives Say Left Using CCP Virus as Pretext to Impose Nationwide Mail-in Voting
By Matthew Vadum
The
political left in the United States is leveraging the pandemic caused by
the Chinese Communist Party (CCP) to promote fraud-prone mail-in
balloting in ...
- Coronavirus questions answered: Can you have flu and COVID-19 at same time?
By Julia Musto | Fox News
In an interview on “Fox & Friends” Wednesday morning with host Steve Doocy, family and emergency medicine Dr. Janette Nesheiwat answered your questions about the coronavirus pandemic.
Question: Is it ...
- Abigail Disney slams tweet showing huge crowds at Magic Kingdom
By Reuters
Many Twitter users criticized Disney over the WDW News Today tweet and said the parks should have been shut down because of the coronavirus epidemic.
Reuters ...
- Foreign disinformation campaign on fake national quarantine trying to cause panic: officials
By Brooke Singman, Gillian Turner | Fox News
Trump administration officials say a foreign disinformation campaign is trying to spread fear amid the coronavirus pandemic, with false rumors of a nationwide quarantine ...
- Sanders attacks Biden record as one-on-one debate turns personal: ‘Don’t laugh, Joe’
By Gregg Re | Fox News
A Democratic debate that was tamed from the outset by coronavirus-related precautions nevertheless produced fireworks Sunday night as Bernie Sanders repeatedly ...
- Trump tests negative for coronavirus, White House physician says
By Melissa Leon, Marisa Schultz | Fox News
President Trump’s coronavirus test came back negative, meaning he does not have the virus, according to the White House physician.
“Last night after ...
- President Trump reveals he took coronavirus test
By Marisa Schultz | Fox News
President Trump revealed Saturday he has taken the coronavirus test and is awaiting the results.
Before a briefing with the White House press corps he ...
- Trump administration to extend European travel ban to include UK and Ireland
By Adam Shaw | Fox News
The Trump administration will extend its European travel ban to include the U.K. and Ireland as part of continuing efforts to combat the coronavirus pandemic, President Trump said ...
- Trump declares national emergency over coronavirus, says ‘we will overcome the threat’
By Brooke Singman | Fox News
President Trump on Friday declared a national emergency over the coronavirus outbreak amid extensive disruptions to the economy and American life, announcing partnerships ...
- CNN’s Jim Acosta blasted for ‘trying to hurt Trump and divide’ America with coronavirus report
By Brian Flood | Fox News
CNN chief White House correspondent Jim Acosta’s latest report has been labeled “idiotic” and a “‘so what?’ moment” by critics who ...
![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 7")
