US Dollar USD

 

Detailed information and fundamental factors

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%

Sovereign Credit Ratings:

Fitch
AAA
Stable
Moody's
Aaa
Stable
S&P
AA+
Stable

Supporting Factors

Global reserve currency

strong

International trade currency

strong

World's strongest economy

strong

Safe haven currency

weak

Factors of Weakness

Huge public debt

strong

Negative trade balance

medium

Weak-currency policy (implicit)

weak

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

Dollar Soft After US Data & Greek Talks

The US dollar was flat against the euro and fell against such majors as the Great Britain pound and the Japanese yen during Thursday’s trading. Economic data from the United States was mixed, giving the currency no edge one way or the other.

Greenback Mixed During Wednesday’s Trading

The US dollar was mixed during the Wednesday’s trading session. The currency fell versus the euro, gained on the Great Britain pound and was flat against the Japanese yen.

Dollar Dips During Week of FOMC Decision

The US dollar dipped during the past trading week, demonstrating especially big losses versus the Great Britain pound. Two themes dominated the Forex market over the week: one being bullish for the greenback, another was bearish.

Economic Data Helps US Dollar Recover from Dovish Fed

Positive economic data out of the United States helping the US dollar move higher today, recovering from the dovish stance adopted by the Federal Reserve at the end of its two-day meeting earlier this week. Greenback is higher against its major counterparts and the dollar index is gaining as well.

Dollar Down After Fed Releases Dovish Statement

The Federal Reserve released its monetary policy statement today and it was not positive for the dollar at all, being considered by the markets as a dovish one. The greenback extended its losses against the euro and the Great Britain pound while the US currency pared its earlier gains against the Japanese yen.

US Dollar Pulls Back as Traders Await Fed Announcement

US dollar is pulling back today, heading a little bit lower as Forex traders wait for the Federal Reserve’s announcement about what’s next for the greenback.

US Dollar Gains as Traders Await Federal Reserve Meeting

US dollar is heading higher today as traders look forward to the coming two-day meeting of Fed policymakers. Greenback is also getting some support from worries about what’s next for Greece.

US Dollar Demonstrates Softness Ahead of Important Week

The US dollar showed rather weak performance during the past trading week even as economic fundamentals should have been supportive for the currency. Now traders wait for the next week that may determine the future of the currency in the near term.

Dollar Halts Rally Despite Supportive Fundamentals

The US dollar has received support from domestic macroeconomic reports that led to a rally yesterday. Today, the currency halted its advance even though fundamentals continued to be supportive for the greenback.

US Dollar Lower on Profit Taking; Dollar Index Still Higher

US dollar is falling in some of its currency pairs today as profit taking after the surge at the end of the week sets in. Dollar index is still managing to remain higher, however.

Archives

SUBSCRIBE

Follow Top Forex News on Twitter T