The US dollar dropped as worse-than-expected macroeconomic reports from the Untied States fueled speculations that the Federal Reserve will maintain quantitative easing.
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 Ends Week with Gains
June 01st, 2013 at 1:59
US Dollar
The US dollar ended the week with gains as positive macroeconomic data supported expectations of an end to Federal Reserve’s quantitative easing. The gains were limited and the greenback fell versus the Japanese yen, though, as not all reports were good.
US Dollar Loses Ground Further on Lastest Economic News
May 30th, 2013 at 14:31
US Dollar
US dollar is losing ground today, thanks in part to concerns that the economy is not ready to recover at quite the rate some had come to expect. The news is weighing on the greenback, and sending it lower against most of its major counterparts.
US Dollar Drops on Profit Taking and Repositioning
May 29th, 2013 at 15:56
US Dollar
US dollar is down against most of its major counterparts on what many consider profit taking right now. With Forex traders preparing to reposition themselves in light of the next round of economic data and predictions for central bank movements, it is little surprise that some profit taking is happening.
Economic Data Supports the US Dollar
May 28th, 2013 at 15:26
US Dollar
Economic data is supporting the US dollar today. With the best economic confidence readings in a long time, some think that the Fed will be forced to reduce its easing efforts sooner rather than later. This is adding fuel to the fire for the US dollar today.
Confusing Comments of Fed Result in Mixed Performance of USD
May 25th, 2013 at 12:24
US Dollar
The major theme of this week was speeches of various Federal Reserve members and, most importantly, Chairman Ben Bernanke. Comments of policy makers did not help to understand when the central bank is going to end quantitative easing. The confusion resulted in a mixed performance of the US dollar.
US Dollar Heads Higher as Risk Aversion Reappears
May 24th, 2013 at 13:16
US Dollar
Ben Bernanke may be daring investors to buy stocks, but this attempt at encouraging an investment in risk assets doesn’t seem to be working out today. Risk aversion has set in, and the US dollar is higher, and risk assets are lower.
Dollar Volatile as Bernanke Speaks
May 22nd, 2013 at 20:13
US Dollar
The US dollar was volatile today as Forex market participants were trying to interpret the words of Federal Reserve Chairman Ben Bernanke and to guess whether the central bank will remove stimulus.
Dollar Falls vs. Euro on Stimulus Speculations
May 21st, 2013 at 22:37
US Dollar
The US dollar fell against the euro today on speculations that the Federal Reserve will maintain its stimulus program. The currency edged higher versus the Great Britain pound and the Japanese yen.
Dollar Recovers, Remains Vulnerable
May 21st, 2013 at 1:16
US Dollar
The US dollar recovered a bit today after yesterday’s losses, but still remained soft amid speculations that the Federal Reserve may reduce its asset purchase program.
