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.
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
December 17th, 2014 at 20:59
December 17th, 2014 at 6:51
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.
December 16th, 2014 at 7:02
US Dollar , Forex Forecast
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.
December 15th, 2014 at 21:08
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.
December 13th, 2014 at 17:10
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.
December 11th, 2014 at 11:52
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.
December 09th, 2014 at 11:31
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.
December 06th, 2014 at 3:58
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.
December 05th, 2014 at 11:52
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.
December 03rd, 2014 at 21:23
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.