The US dollar had a mixed week as there was plenty of negative data from the United States, yet there also were positive indicators, especially employment figures. The greenback rose against the euro and the yen, but declined against higher-yielding currencies.
US Dollar USD
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Detailed information and fundamental factors
Central Bank: Federal Reserve System
Interest Rate: 0.125%
Public Debt to GDP Ratio, 2010: 62.9%
Trade Balance, 2010: -$646 bln.
Inflation, 2010: 1.6%
Supporting Factors
Global reserve currency
strong
International trade currency
strong
World's strongest economy
strong
Safe heaven 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
US Dollar Pares Earlier Gains
February 03rd, 2012 at 16:20
US Dollar
US dollar is paring some of its earlier gains against the euro as risk appetite improves. However, greenback still has the upper hand against European currencies right now as the data coming out of the United States seems to indicate that the economic recovery could speed up.
USD Gains vs. EUR & GBP on Positive Outlook for US Economy, Retreats
February 03rd, 2012 at 6:53
US Dollar
The US dollar rose yesterday against the euro and the Great Britain pound on positive macroeconomic data from the United State and comments of Federal Reserve Chairman Ben Bernanke, but was somewhat weaker today. The currency was flat versus the Japanese yen today, as well as yesterday.
US Dollar Drops as Optimism Returns to Markets
February 01st, 2012 at 14:29
US Dollar
US dollar is lower across the board right now, dropping as optimism returns to the market in the form of better economic news. The news is especially encouraging in Europe, where eurozone manufacturing has expanded. Even in the United States, the situation isn’t so bad, with ADP estimating private payrolls up by 170,000.
US Dollar Pulls Back as Risk Appetite Makes an Appearance
January 31st, 2012 at 14:30
US Dollar
Cautious optimism has returned to the markets today, bringing risk appetite and sending the US dollar lower against other major currencies. Corporate earnings are encouraging once again, and most of the European Union countries signed on to a treaty requiring tougher fiscal rules. The result is that many investors and Forex traders are feeling more optimistic about what’s next for the global economy, and that means the US dollar isn’t needed [...]
US Dollar Rises as Greece Takes Center Stage
January 30th, 2012 at 14:17
US Dollar
US dollar is rising as Greece once again takes center stage in the world markets. Greenback is gaining as concerns about what’s next for Greece — and the eurozone — weighs on risk currencies, especially the euro.
US Dollar Remains Lower
January 27th, 2012 at 14:22
US Dollar
US dollar remains lower on the Forex market, dropping as economic conditions continue to exert downward pressure. Greenback is lower as the latest news comes in about the GDP, and as Forex traders continue to weigh the latest statements from policymakers in the United States.
Greenback Gains as Risk Aversion Rises
January 25th, 2012 at 15:51
US Dollar
Greenback is gaining today on the Forex market as risk aversion rises. Uncertainty over what’s next for Greece, and how it will affect the eurozone, is pressuring the euro and helping the US dollar. Additionally, many Forex traders and investors are waiting for the latest policy announcement from the Federal Open Market Committee.
US Dollar Mixed as Traders Look for Direction
January 24th, 2012 at 16:29
US Dollar
Forex traders are looking for a little direction today, and, as a result, the US dollar is mixed. Greenback is higher against the euro, thanks to fresh concerns about the Greek debt situation, but lower against the Great Britain pound. With Fed heading into a two-day meeting, many are waiting to see what policy announcements will be made.
US Dollar Lower on Risk Appetite
January 23rd, 2012 at 14:15
US Dollar
US dollar is lower today as risk appetite makes an appearance. The euro has moved back up to the 1.30 level, and the greenback is down against other currencies as well. The three-month London Interbank Offered Rate (Libor) for the US dollar fell as well.
