The US dollar consolidated against the euro today after dropping yesterday. The currency also sank versus the Great Britain pound at the previous trading session and continued to fall at the current session. The greenback extended its rally against the Japanese yen.
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
September 19th, 2014 at 1:06
September 18th, 2014 at 5:07
The major event this week was the monetary policy meeting of the Federal Reserve that ended yesterday. While the Fed did not present clear timing for a start of monetary tightening and the tone of the statement was not much more hawkish than it has been before, the US dollar rallied nevertheless and continued to rise today.
September 17th, 2014 at 10:51
The US dollar is consolidating right now, moving slightly lower ahead of today’s expected Federal Reserve announcement.
September 16th, 2014 at 2:46
The US dollar backed off today against its major peers, but the losses for the most part were not as big as yesterday’s gains. As an exception, the greenback closed flat versus the Japanese yen on Monday and sank today.
September 14th, 2014 at 6:02
The US dollar demonstrated somewhat mixed performance this week but retained its strength for the most part. Many market analysts consider this as a sign that traders are strongly convinced in inevitability of an interest rate hike from the Federal Reserve.
September 12th, 2014 at 17:26
The US dollar rose against the Japanese yen today as positive economic reports from the United States continued to fuel expectations of tighter monetary policy from the Federal Reserve. At the same time, the greenback slipped versus the euro and the Great Britain pound.
September 10th, 2014 at 23:16
The US dollar continued to move upward with the help of speculations about an eventual increase of interest rates by the Federal Reserve. The greenback reached the strongest rate in six years versus the Japanese yen. Surprisingly enough, the currency dipped versus the Great Britain pound, which was unexpectedly strong at today’s trading session.
September 09th, 2014 at 10:49
US dollar index is holding on to some of its earlier gains, even though the greenback isn’t as high against its major counterparts as earlier. Most of the dollar’s strength is coming from other currencies’ weaknesses right now.
September 07th, 2014 at 22:22
US Dollar , Forex Forecast
Summer has ended, and traders returned from vacations, meaning that trading activity should start picking up. The first trading week of autumn surprised market participants with two shocks: European Central Bank policy announcement and US employment data. What traders can expect from the second week? Let us look at the US dollar and its potential moves against other major currencies.
September 05th, 2014 at 19:25
US non-farm payrolls provided nasty surprise for dollar bulls, sending the US currency down, as they came out much worse than was expected. The greenback halted its rally but not necessarily lost upward momentum completely, and it reached new highs for the year against some of its peers before retreating.