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’s Drop After FOMC Meeting Short-Lived

Today, the Federal Open Market Committee released its last monetary policy statement this year. The US dollar dipped after the release but the drop was short-lived as the currency rebounded quickly.

Dollar Bounces After Decline

The US dollar bounced today following the decline during the previous trading session. The drop was a result of somewhat disappointing housing data from the United States.

Dollar Forecast: FOMC in Focus

The US dollar was demonstrating an incredible performance recently, rallying to multi-year highs against many of its most-traded peers. Yet the rally stalled as of now, making traders question what the future holds for the currency.

Dollar Gains vs. Major, Unable to Beat Yen

The US dollar rallied against its major counterparts today as a positive industrial output report fueled speculations about an early interest rate hike from the Federal Reserve. The greenback was unable to outperform the yen.

Dollar Loses Bullish Momentum, Falling Over Week

The US dollar lost its bullish momentum, falling this week. Macroeconomic reports from the United States were good for the most part, indicating continuing growth of the US economy, but even they did not help the currency.

Greenback Continues to Look for Direction

US dollar is trading mixed today, and the US dollar index is down, thanks to a lot of the upheaval in the world right now. Greenback is trying to push higher after losing ground recently, and the results depend largely on a number of global factors.

US Dollar Mostly Lower on Profit Taking and Consolidation

Greenback is losing ground today, thanks in large part to profit taking and consolidation going on right now. At the end of last week, good economic news sent the US dollar soaring, but now it seems as though Forex traders are ready to take a step back and consolidate their positions.

Dollar Settles Higher After Impressive NFP

The US dollar jumped to settle higher against the majority of other most-traded currencies due to overwhelmingly positive non-farm payrolls. While most analysts were optimistic about US employment, even they could not anticipate such impressive growth.

US Dollar Index Continues to Climb

The US dollar index continues to climb, heading higher as better economic news remains the dominant storyline for the greenback. The latest economic news and forecast released by the Federal Reserve indicates a number of positive changes, and that is good for the US dollar as it moves against its counterparts.

US Economic Indicators Remain Beneficial for Dollar

The US dollar gained against nearly all its major counterparts as US macroeconomic indicators continue to be beneficial for the currency. The Great Britain pound was among the few currencies that held ground against the greenback.

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