The holiday period in the United States has ended, and economic data from the USA will be released to the markets again. Let us see what factors will be affecting the US dollar over the next few days and what can be expected by traders from the US currency.
US Dollar USD
Central Bank: Federal Reserve System
Interest Rate: 0.125%
Public Debt to GDP Ratio, 2014: 71.2%
Trade Balance, 2014: $724 bln.
Inflation, 2014: 2%
Global reserve currency
International trade currency
World's strongest economy
Safe haven currency
Factors of Weakness
Huge public debt
Negative trade balance
The US dollar is the currency of the United States of America. Introduced back in 1792 it has a long history of being strong medium of exchange. The currency is widely used in global international trade, as the reserve currency and is officially used in several countries besides the United States. The US dollar is also sometimes referred as greenback or simply the American dollar.
US Dollar News Archive
October 13th, 2015 at 18:02
The US dollar demonstrated a mixed performance during Tuesday’s trading. The currency slid against some majors, like the euro and the Japanese yen, but gained on the Great Britain and was firm versus commodity currencies.
October 12th, 2015 at 18:33
The US dollar remained vulnerable during thin Monday’s trading, subdued by the outlook for a delayed interest rate hike from the Federal Reserve. The greenback managed to pare its losses versus the euro but maintained decline against other majors, including the Great Britain pound and the Japanese yen.
October 10th, 2015 at 11:57
The US dollar demonstrated an unimpressive performance during the past trading week. While the currency ended trading little changed versus the Japanese yen, it sank against other majors and commodity currencies. The Federal Reserve was the main perpetrator in the greenback’s slump.
October 09th, 2015 at 21:05
The dollar remained weak versus the euro on Friday as traders continued to speculate that the Federal Reserve is going to postpone the planned interest rate hike. Yet such speculations did not prevent the dollar from bouncing versus the Great Britain pound and from gaining on the Japanese yen.
October 08th, 2015 at 19:40
The US dollar has been rather soft during today’s trading but the release of Federal Reserve’s policy minutes changed that. While the currency slipped immediately after the release, it quickly bounced and started to move up, though it looks like the currency’s upward momentum has run its course.
October 07th, 2015 at 14:30
Even though the greenback is trading mixed against its major counterparts, the dollar index is still higher today, thanks in part to the fact that the euro (which is weighted most heavily in the basket) is lower against the US dollar.
October 06th, 2015 at 13:52
US dollar uptrends seem to be reversing right now as concerns about the economy and expectations of policy divergence are reduced.
October 03rd, 2015 at 18:32
The past trading week was very hard for traders. Market participants were reluctant to make important decision ahead of the major report from the United States, waiting for it to guide the market. Yet the market’s reaction to the report was confusing.
October 02nd, 2015 at 17:06
The US dollar slumped after the release of US non-farm payrolls as the employment report turned out to be really terrible, clouding the outlook for timing of monetary tightening from the Federal Reserve. It is important to note that the currency is trying to fight back and is rising right now.