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.
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
May 23rd, 2015 at 21:05
May 21st, 2015 at 22:07
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.
May 19th, 2015 at 20:45
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.
May 19th, 2015 at 10:55
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.
May 16th, 2015 at 15:48
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.
May 14th, 2015 at 19:42
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.
May 14th, 2015 at 10:37
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.
May 12th, 2015 at 10:25
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.
May 08th, 2015 at 12:29
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.
May 06th, 2015 at 10:50
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.