The US dollar was unable to rally today against most other major currencies even though the geopolitical situation looked favorably to the greenback at the start of the week. The domestic employment report added some strength to the currency by the end of the week, but did not prevent losses against most majors.
US Dollar USD
Central Bank: Federal Reserve System
Interest Rate: 0.125%
Public Debt to GDP Ratio, 2012: 70%
Trade Balance, 2012: -$742 bln.
Inflation, 2012: 2.1%
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
March 08th, 2014 at 22:17
March 07th, 2014 at 14:04
The latest jobs data is in for the United States, and the good news is helping the dollar index. However, even though the greenback is finding a little bit of support, it is still rangebound in trading.
March 06th, 2014 at 14:40
Greenback is mixed today, looking for direction as signals indicate that dollar strength could be a fixture in coming months even while the dollar index dips due to the euro’s huge surge today. It’s an interesting way forward, and some think that the euro is overbought at this point.
March 05th, 2014 at 17:44
Today, US macroeconomic data was disappointing yet again following the set of positive reports released on Monday. It did not affect the US dollar in a strong manner as the greenback fell against the Great Britain pound, but managed to keep gains versus the euro and the Japanese yen.
March 04th, 2014 at 15:15
Risk appetite is returning to the markets after risk aversion was the story yesterday. As risk appetite returns, the US dollar index is heading lower. Demand for higher yielding assets is on the rise, and the greenback isn’t keeping up as a result.
March 03rd, 2014 at 14:34
Risk aversion is running high right now, thanks in large part to concerns about what’s happening in Ukraine. Protests in Ukraine have led to the ouster of its president, and now Russian troops are moving in for ”war games.” With concern that the region could explode, some Forex traders and investors are playing it safe.
February 27th, 2014 at 23:53
The US dollar fell today as economic data from the United States was negative yet again. The currency dropped despite the risk-aversion sentiment on the Forex market and signs that the Federal Reserve will continue to reduce monetary stimulus.
February 27th, 2014 at 2:52
Economic news from the United States turned positive, increasing the attractiveness of the US currency. The dollar rallied against the euro yesterday and retained its gains today. The rally versus the Great Britain pound and the Japanese yen was more limited.
February 25th, 2014 at 14:24
The US dollar is showing weakness today, heading lower against other majors. Concerns about the US economy are weighing on the greenback, even as some of the fears about the eurozone are allayed.
February 21st, 2014 at 15:36
Greenback is losing ground to enough currencies today that the US dollar index is heading lower. Helping the dollar move lower are gold prices, which are heading higher right now. The prospect of a commodity rally is weighing on the greenback a bit, since it often moves inversely to metals and oil.