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

Dollar Ends Week with Impressive Gains

The US dollar demonstrated very strong performance during the trading week, and it was a surprise considering all the bad data that has been released from the United States lately. Yet the greenback ended the week with big gains, mostly thanks to the Friday’s surge.

Poor Data & Fed’s Minutes Discourage Traders from Buying USD

The US dollar declined today as disappointing macroeconomic reports from the United States and the dovish stance of the Federal Reserve discouraged traders from buying the currency. The greenback was slowly regaining its footing against the euro but remained soft against other majors.

US Housing Data Fuels Upside Momentum of Greenback

US housing data released today impressed analysts, beating even optimistic forecasts. It allowed the US dollar to gain for the second straight session against the euro and for the third session versus the Great Britain pound and the Japanese yen.

US Dollar Strengthens on Likely Policy Divergence

US dollar is heading higher today, strengthening on likely policy divergence with European currencies. Greenback is gaining support as economic data in other regions sour and as commodities fall back.

Dollar Among Biggest Losers During Trading Week

The US dollar was one of the weakest currencies on the Forex market during the past trading week, competing with the New Zealand dollar and the Japanese yen for the place of the biggest loser. Meanwhile, the euro and the Great Britain pound were the two strongest currencies.

Dollar’s Down Move Regains Momentum

While the US dollar has been going to new lows during the Thursday’s trading session, it looked like the downward move is running out of steam, allowing the currency to trim some of its losses. Yet currently the greenback resumed its move down.

Retail Sales Weigh on the US Dollar

US dollar is struggling today, thanks in large part to the poor retail sales data report for April. The report provides more evidence that the US economic recovery is losing steam, and that is leading to a greenback that is mostly lower in Forex trading.

US Dollar Consolidates as Forex Traders Look for Direction

US dollar is mostly lower today as it consolidates and traders look for direction. With commodities higher and the dollar index lower, it appears that Forex traders are positioning themselves for what might be next.

US Dollar Index Gains as Traders Await Jobs Report

US dollar index is higher today as traders wait for the release of the nonfarm payrolls report from April. Dollar is mixed against individual currencies.

US Dollar Continues to Struggle After Disappointing Trade Data

US dollar continues to struggle today, thanks to yesterday’s release of disappointing trade data. Economic reports are dampening hopes for an interest rate hike from the Federal Reserve, and that is weighing on the greenback in Forex trading.

Archives

SUBSCRIBE

Follow Top Forex News on Google+ G+