More soft economic data out of the United States is weighing on the US dollar today. Speculation that the economic recovery in the United States is slowing is sending the dollar lower against many of its counterparts.
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 25th, 2013 at 15:15
April 24th, 2013 at 13:06
US dollar is trading mixed today, and is mostly rangebound, as Forex traders await developments. There is plenty to consider right now, between speculation of an ECB cut and interest in continued earnings reports.
April 22nd, 2013 at 19:08
US Dollar , Japanese Yen
US dollar is moving toward the 100 level against the Japanese yen. The G-20 meeting seems to have rubber-stamped the plans for more easing in Japan, and that could mean a breakthrough for USD/JPY at anytime.
April 20th, 2013 at 17:23
The US dollar gained this week as concerns about global economic growth resulted in a huge sell-off of riskier assets and the greenback retained its strength for the most of the week even as the market sentiment improved.
April 19th, 2013 at 2:08
The US dollar trimmed its losses against riskier currencies yesterday as macroeconomic data from the United States was worse than expected. The currency resumed its decline today as optimism returned to the market.
April 17th, 2013 at 16:42
US Dollar , Japanese Yen
US dollar and Japanese yen are both gaining ground today, rising on safe haven demand. Concerns about the global economy are weighing on commodities and high beta currencies, and that is helping safe haven currencies.
April 16th, 2013 at 16:30
US dollar is losing ground today as risk appetite returns to the market. Greenback is higher against the yen, but down against high beta currencies, particularly the euro.
April 15th, 2013 at 15:09
US dollar is gaining ground today, moving higher as risk aversion sends high beta currencies lower. Signs of economic weakness are weighing on risk as many traders finally come to the realization that things really aren’t that great.
April 12th, 2013 at 14:43
US dollar is mostly higher today, gaining against European currencies as risk appetite flees the scene. The state of Cyprus is once again in the news and having an effect.
April 11th, 2013 at 3:56
The US dollar rose a little against the euro today, paying almost no attention to the yesterday’s Federal Open Market Committee minutes. The currency halted its rally versus the Japanese yen, unable to reach the 100 yens per dollar level.