US dollar is gaining ground today as speculation about the upcoming Federal Reserve meeting runs rampant. For now, the greenback is higher against most of its major counterparts on the speculation that Ben Bernanke will provide a clearer idea of when the ”taper” will begin.
US Dollar USD
Central Bank: Federal Reserve System
Interest Rate: 0.125%
Public Debt to GDP Ratio, 2011: 67.7%
Trade Balance, 2011: -$739 bln.
Inflation, 2011: 3.1%
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
June 17th, 2013 at 16:54
June 13th, 2013 at 13:19
Positive economic data is helping the US dollar today. Forex traders can compare the situation in the eurozone with that in the United States, and see a contrast. As a result, the greenback is getting a little help today.
June 12th, 2013 at 18:01
The US dollar fell today as Forex market participants continued to anticipate that the Federal Reserve will tamper its stimulus program amid signs of recovery.
June 11th, 2013 at 15:14
Between the prospect of continued easing in the United States, and the bond yield shock this morning, the US dollar is struggling today. The dollar index is lower as the greenback loses ground to its major counterparts.
June 10th, 2013 at 13:21
US dollar index is higher today. As the week begins, greenback is showing some strength, although it is lower against some individual currencies, like the euro.
June 07th, 2013 at 14:23
US dollar is heading higher today following the most recent payrolls data. The result is adding a bit of confusion, though, since it muddies the water as to what might be next for the Federal Reserve.
June 06th, 2013 at 13:55
US dollar is falling today, losing ground against its European counterparts on the latest policy announcements. News that the ECB and the BOE are holding steady right now is sending the US dollar lower as expectations of continued easing weigh.
June 05th, 2013 at 14:22
US dollar is struggling a bit today following the weak jobs data just released. Mostly, the dollar is lower against the Japanese yen today, but it is still struggling a bit against other major counterparts.
June 04th, 2013 at 20:58
US Dollar , Carry Trade
The US dollar advanced today as Forex market participants thought that the United States will be able to maintain stable growth despite the recent string of poor macroeconomic data.
June 04th, 2013 at 15:39
US Dollar , Euro
Euro is moving between gains and losses against the US dollar today. Trading has been choppy as Forex traders try to work through some of the uncertainty surrounding the two currencies.