Greenback is still surging today, gaining ground against its major counterparts. Even with a weaker than expected ADP report, and trepidation over tomorrow’s nonfarm payrolls report, the dollar is heading higher.
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
March 05th, 2015 at 16:50
March 04th, 2015 at 11:11
Greenback is mostly higher today, continuing its recent climb. Even though the greenback eased back from a dollar index high not seen for more than a decade, the currency is still heading steadily higher today.
February 28th, 2015 at 10:16
The US dollar ended this week with gains even though it looked like fundamentals were against the US currency. The greenback was particularly strong against the euro, and this was surprising considering the progress in the situation with Greece. At the same time, the dollar was unable to beat the Great Britain pound.
February 26th, 2015 at 19:54
Today’s data from the United States was rather mixed but it did not prevent the US dollar from demonstrating an impressive rally. The currency rose to the highest level in a month against the euro.
February 25th, 2015 at 11:35
US dollar is still down today, following yesterday’s drop on the heels of remarks made by Fed Chair Janet Yellen to Congress.
February 20th, 2015 at 22:17
The US dollar ended the Friday’s session mixed. The currency was flat against the euro but gained on the Great Britain pound and was slightly up versus the Japanese yen. The main driver for the currency market today was news from Europe.
February 19th, 2015 at 1:04
The US dollar was flat at the start of the Thursday’s trading session following Wednesday’s losses. The greenback dropped against most of major currencies and erased gains versus the euro during the previous trading session after the Federal Reserve’s policy minutes turned out to be more dovish than the market has anticipated.
February 17th, 2015 at 13:28
US dollar is trading mixed today, heading higher against some currencies, but losing ground to others. The dollar index is lower today, thanks in large part to a surge in value by the euro.
February 13th, 2015 at 19:21
The US dollar fell against the Japanese yen today following poor macroeconomic data from the United States. The greenback was basically flat against the euro and the Great Britain pound.
February 12th, 2015 at 11:33
US dollar is heading lower again following an earlier surge in value relative to its major counterparts. Earlier, the greenback saw gains, especially against emerging market currencies. Now the dollar is pulling back a bit, especially against its major counterparts.