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.
US Dollar USD
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%
Global reserve currency
International trade currency
World's strongest economy
Safe haven currency
Factors of Weakness
Huge public debt
Negative trade balance
Weak-currency policy (implicit)
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
August 28th, 2014 at 0:45
August 25th, 2014 at 21:47
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.
August 23rd, 2014 at 14:43
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.
August 22nd, 2014 at 2:49
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.
August 20th, 2014 at 23:21
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.
August 14th, 2014 at 13:42
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.
August 08th, 2014 at 13:08
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.
August 05th, 2014 at 13:46
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.
August 03rd, 2014 at 1:07
This week was rather volatile and unpredictable for the US dollar. While it started favorably for the greenback, the currency’s rally came to halt by the end of the week due to some disappointing economic releases, most importantly worse-than-expected economic data.
August 01st, 2014 at 13:46
The US dollar index has slipped a bit today, losing ground after the recent US dollar rally. Right now, there is a little bit of consolidation happening, and the dollar index is lower. However, when looking at the latest data, there is a good chance that the greenback could strengthen again in the near future.