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US President Donald Trump said that the United States (US) will prevent China from obtaining Nvidia’s most advanced semiconductor technology, CBS News reported on Monday.  Trump underscored national security risks as Washington’s continued focus on restricting the flow of cutting-edge artificial intelligence hardware to its strategic rival. Elsewhere, Trump said on Sunday he will not attend the Supreme Court’s upcoming oral arguments concerning the legality of his global tariffs. Justices have a Wednesday hearing scheduled for arguments on the tariffs case. Trump further stated that despite his desire to be there, he does not want to create a distraction during the hearing.  Market reaction  At the time of writing, the US Dollar Index (DXY) is trading 0.09% higher on the day to trade at 99.80.  US Dollar FAQs The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away. The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is…

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Filed under: News - @ November 3, 2025 2:20 am