The US dollar gained on the euro and the Japanese yen during Wednesday’s trading but fell against the Great Britain pound. The session was rather quiet as US markets were preparing for the holiday.
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
November 25th, 2015 at 23:38
November 23rd, 2015 at 19:22
The US dollar was strong during the Monday’s session despite some worse-than-expected reports released from the United States. The greenback trimmed its gains but was trading above the opening level.
November 21st, 2015 at 12:40
The US dollar managed to log gains during the past trading week even though the currency has started trading from correction and had a confusing reaction to the Federal Reserve minutes.
November 20th, 2015 at 16:29
The US dollar was mixed today as no economic data from the United States was scheduled for the current trading session. This means that the greenback was reacting to moves of other currencies for the most part.
November 19th, 2015 at 15:07
The US dollar is mostly lower against other currencies today, bringing the dollar index down. However, even with the recent disappointing performance, many expect dollar strength to return.
November 18th, 2015 at 20:53
The US dollar was mixed today after the release of the Federal Reserve minutes. The currency sank after the event even though the notes were rather hawkish. Yet the greenback bounced back almost immediately after the initial decline.
November 14th, 2015 at 13:09
The US dollar halted its rally this week after the previous week’s huge gains caused by the very positive employment report. The greenback was flat against some currencies and down against others.
November 13th, 2015 at 14:44
US dollar is clinging to earlier gains following the release of disappointing retail sales data. The dollar index is higher today, even with the disappointing news and disappointment in the lack of stronger signals from the Federal Reserve.
November 11th, 2015 at 14:05
Expectations for the US dollar are dwindling today as Forex traders question the impact of a Fed rate hike in December, and as uncertainty over whether or not December’s rate hike will lead to further hikes sets in.
November 09th, 2015 at 15:20
Greenback is consolidating some of its gains, looking to prepare for what many expect to be a strong bull run. While the dollar might be a little lower against some of its major counterparts, like the euro, the greenback is expected to break out at some point in the future.