US Dollar USD

 

Detailed information and fundamental factors

Central Bank: Federal Reserve System

Interest Rate: 0.125%

Public Debt to GDP Ratio, 2013: 71.8%

Trade Balance, 2013: -$698 bln.

Inflation, 2013: 1.5%

Sovereign Credit Ratings:

Fitch
AAA
Stable
Moody's
Aaa
Stable
S&P
AA+
Stable

Supporting Factors

Global reserve currency

strong

International trade currency

strong

World's strongest economy

strong

Safe haven currency

weak

Factors of Weakness

Huge public debt

strong

Negative trade balance

medium

Weak-currency policy (implicit)

weak

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

Fed Policy Outlook Continues to Support US Dollar

The US dollar rose against almost all of its major counterparts today, touching the highest level since January versus the Japanese yen and reaching the strongest rate in a year against euro, as the monetary policy outlook continues to support the currency.

Dollar Gains on Domestic Data, Loses Ground vs. Yen

The US dollar rose against some of its major peers, including the euro, with help of positive domestic data. It looks like news from Ukraine limited gains somewhat and actually send the greenback down versus the Japanese yen and even the Great Britain pound.

Dollar Halts Rally as Traders Trim ECB Easing Bets

The US dollar declined yesterday and maintained its losses today as investors trimmed bets on monetary easing from the European Central Bank. It is also likely that profit-taking contributed to the greenback’s drop.

Dollar Pares Gains After Opening Sharply Higher

The US dollar declined today against its most-traded peers, yet it is important to understand that the currency opened sharply higher, meaning that it still trades above the last week’s closing rate against most majors.

US Policy Outlook Spurs Dollar to Weekly Gains

This week was very positive for the US dollar, allowing it to reach a new high for this year against the euro and to gain against other major peers. The major reason for the rally was the comments of US policy makers.

US Data Keeps Dollar Strong

Economic data from the United States allowed the US dollar to rally against its major peers, including the Great Britain pound and the Japanese yen, yesterday and to maintain gains today. The currency fell against the euro but not before reaching the highest price since September.

FOMC Minutes Lead to Massive Gains for Dollar

The US dollar jumped today, rising to the highest level since April against the Great Britain pound and the Japanese yen, while also touching the strongest price in almost a year versus the euro. The reason for the stellar performance was the minutes of the latest Federal Reserve policy meeting.

US Dollar Index Drops as Correction Comes

US dollar index is a little bit lower today, dropping after the greenback logged some serious gains earlier. There’s a correction under way as recent retail sales data remains strong in the minds of Forex traders.

Dollar Index Drops on Profit Taking and Consolidation

US dollar index is lower today, thanks in large part to profit taking and consolidation. There is a lot going on right now that should be dollar-positive, and the greenback’s recent gains are sufficient reason for a bit of a breather before preparing for more strength.

Greenback Gains Across the Board

US dollar is gaining against its major counterparts today, heading higher ahead of data releases. Greenback is higher today, and the US dollar index is gaining ground.

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