News and Trends
Many exporters no longer want dollars, US bank executive says - Yahoo! Finance--6.16.25
The head of currency sales for US Bancorp says that she increasingly hears the same message: Their foreign counterparties no longer want to be paid in dollars. While it remains to be seen if and when the shift manifests itself in official data, oversees vendors wanting to transact in local currencies "could speak to the dollar's reputation." 
Oil prices surge, stocks tumble in the wake of Israel's strikes on Iran - NBC News--6.13.25
Oil prices surged and stocks tumbled on Friday in the wake of Israel's strikes on Iran's top military officials and nuclear sites. Israel launched strikes on Iran early Friday, a dramatic escalation of long-running tensions between the two countries.
Americans' Fears of Stock Market Crash Skyrocket - Newsweek--6.13.25
Americans' fears of the stock market crashing are skyrocketing as the economy remains uncertain and President Donald Trump's tariffs take effect, according to a new report. Nearly 26% of the population worries that Wall Street might hit rock bottom and concerns of a broader economic slowdown have increased by 17.5%.
The dollar's crown is slipping, and fast - Yahoo! Finance/Reuters--6.12.25
The dollar has sunk to its lowest level in three years as rapidly changing U.S. trade policy unsettled markets and expectations build for Federal Reserve rate cuts. The dollar is down almost 10% against a basket of major currencies this year so far.
Trump said he will set unilateral 'take it or leave it' tariffs on trading partners in the next 2 weeks- Business Insider--6.11.25
President Trump said he would send letters to countries in about two weeks to inform them of unilateral tariffs. He said trade negotiations were still ongoing with about 15 countries, including Japan and South Korea, but it was not possible to negotiate with "150 plus" countries.
U.S. inflation rises 0.1% in May from prior month, less than expected - CNBC--6.11.25
Consumer prices rose less than expected in May as President Donald Trump's tariffs had yet to show significant impact on inflation. The BLS report comes with the Trump administration continuing its efforts to negotiate trade deals.
China, U.S. officials reach agreement for allowing rare earth, tech trade. Now it’s up to Trump and Xi - CNBC--6.10.25
The U.S. and China have reached an agreement on trade, representatives from both side said after a second day of talks in London. The deal now awaits a nod from the leaders of the two countries. The framework agreement signals a commitment to de-escalate trade tensions.
World Bank sharply cuts global growth outlook on trade turbulence - CNBC--6.10.25
The World Bank sharply cut its global economic growth projection Tuesday to 2.3% in 2025. According to the World Bank, "this would mark the slowest rate of global growth since 2008, aside from outright global recessions."
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