Posted inHealthcare FDA Mandates Nerve Damage Warnings for 2 RSV Vaccines by USNN World NewsJanuary 9, 2025January 9, 2025
Posted inHealthcare Taurine: A Key Amino Acid With Potential Health Benefits by USNN World NewsJanuary 8, 2025October 27, 2025
Posted inEconomy US Private Sector Job Growth Slowed in Final Month of 2024 by USNN World NewsJanuary 8, 2025January 8, 2025
Posted inHealthcare Sugary Drinks Linked to Millions of New Diabetes and Heart Disease Cases by USNN World NewsJanuary 7, 2025January 29, 2025
Posted inHealthcare Hernia: Symptoms, Causes, Treatments, and Natural Approaches by USNN World NewsJanuary 6, 2025October 29, 2025
Posted inEconomy New York Cityâs Congestion Pricing Plan Starts on Jan. 5: Everything You Need to Know by USNN World NewsJanuary 5, 2025February 5, 2025
Posted inHealthcare Why âHolding It Inâ Could Damage Your Bladder, Doctors Warn by USNN World NewsJanuary 5, 2025May 2, 2025
Posted inHealthcare Sedentary Lifestyle Linked to Higher Risk of 19 Health Conditions: Study by USNN World NewsJanuary 4, 2025February 1, 2025
Posted inEconomy US Dollar Index Hits Highest Level in 2 Years, Euro Falls by USNN World NewsJanuary 3, 2025December 17, 2025
Posted inHealthcare Cases of Rare Bacterial Disease Up 56 Percent From Previous Decade: CDC by USNN World NewsJanuary 2, 2025January 2, 2025
Posted inHealthcare Limiting Calories Wonât Sustain Weight Loss, as Hormones Run the Show by USNN World NewsJanuary 2, 2025December 11, 2025
![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, âglobal CEOs and investors are optimistic about the economic impact of a second Trump administration, outweighing concerns about tariffs, geopolitical tensions, and trade barriers.â Story continues below advertisement In fact, â50 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,â 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 âNovemberâs 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 2025âthe perfect trifecta of bullish U.S. dollar cyclical impulse,â said Meera Chandan, co-head of Global FX Strategy at the company. âThese 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.â JP Morgan sees the euroâs 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 âbullish on Trumpâs second term, hoping for tax cuts and better growth.â âWe 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,â 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 âlonger than we previously thought.â Goldman Sachs predicts the U.S. economy to âbeat expectationsâ this year. âThe U.S. economy is in a good place,â said David Mericle, an economist with the company. âRecession fears have diminished, inflation is trending back toward 2 percent, and the labor market has rebalanced but remains strong.â While Trumpâs policy changes are likely to be âsignificant,â Mericle does not see these actions changing the trajectory of the economy substantially. Goldman foresees the Fed reducing interest rates to a range of 3.25â3.50 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 2024â1.6 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")
