The US dollar was the weakest currency on the Forex market during the past trading week as the constant stream of poor economic data muted speculations about an early interest rate hike from the Federal Reserve.
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
April 18th, 2015 at 19:21
April 16th, 2015 at 21:31
The US dollar was under pressure from poor macroeconomic indicators lately, and the Thursday’s session was not an exception. While not all of the reports were bad, most of them were not as good as market participants had expected, driving the greenback further down.
April 14th, 2015 at 11:17
The US dollar index is pulling back today, following its latest attempt at the 100 level. The dollar index is running into resistance, and falling a little bit today.
April 11th, 2015 at 14:39
Lately, the US was experiencing problems with keeping its upward momentum, but the greenback regained its strength during this week during which it was one of strongest currencies on the Forex market. The major reason for the strength was the minutes of the latest Federal Reserve’s policy minutes.
April 10th, 2015 at 12:25
The US Dollar index is climbing again, heading toward the 100 level again. With the Federal Reserve expected to hike interest rates later this year, and with the greenback remaining the dominant currency in the world, there’s little to slow it down.
April 08th, 2015 at 21:12
The US dollar was falling falling during the current trading session before the Federal Reserve released the minutes of its latest policy meeting. The currency bounced after the release, gaining on the euro. The greenback also trimmed its losses against other currencies.
April 07th, 2015 at 23:00
Lately, there were plenty of speculations if the recent drop of the US dollar means that the greenback has ended its upward thrust and is ready to retreat. As it turned out, the US currency is not yet ready to give up and rallied against its most-traded counterparts on Tuesday.
April 06th, 2015 at 16:45
The US dollar started the week with poor performance yet was able to bounce against most major currencies, though not all of them. Today’s data about the US services sector was positive for the most part, providing some support for the currency.
April 04th, 2015 at 17:10
Dollar bulls had high expectations for this trading week due to the optimistic outlook for the US non-farm payrolls. But their hopes were shattered after the employment report turned out to be far worse than it was expected.
April 03rd, 2015 at 20:20
The US dollar received a significant hit to its strength today after the release of non-farm payrolls. While dollar bulls were very optimistic ahead of the NFP report, their optimism evaporated after the actual reading turned out to be almost two times weaker than forecasts.