The U.S. dollar reached its lowest value against the European currency in more than two months today as the traders are waiting ADP report on the June jobs dynamics and expect it to show a first decline in four months.
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
Currency Volatility Down at 2001 Value
June 30th, 2008 at 10:15
US Dollar
The currency market volatility fell to its lowest values since the second quarter of 2001, signaling that the central banks probably won’t interfere into the Forex trading to support the U.S. dollar.
USD Falling after FOMC Statement
The U.S. dollar dropped against the euro, pound and yen today after the Federal Reserve left the interest rate unchanged and released a statement showing no substantial signs that the rate can be raised by the end of the year.
Dollar Declines against Euro before Fed
June 20th, 2008 at 11:12
US Dollar
The U.S. dollar declined today against the euro, extending its weekly drop, as the chances for the Federal Reserve to increase the interest rates next week became more slim.
Paulson, Lagarde, Kudrin Support USD at G8
June 14th, 2008 at 11:10
US Dollar
The finance ministers from the Group of Eight nations confirmed their position in the favor of a stronger U.S. dollar at the meeting in Osaka, Japan today.
U.S. Dollar Headed for Record Bullish Week
June 13th, 2008 at 10:13
US Dollar
The U.S. currency is heading for its biggest weekly gain since March 2005 against the European currency as the dollar benefits both from past Bernanke’s statements and the current expectations for G8 meeting.
Dollar Gains on Retail Sales Expectations
June 12th, 2008 at 9:45
US Dollar
The U.S. dollar rose against euro, pound and yen today, rebounding from the yesterday drop, as the market strategists expect a good report on the U.S. retail sales to support Fed’s hawkish interest rate outlook.
Dollar Recovers against Yen after Friday
June 09th, 2008 at 10:41
US Dollar , Japanese Yen
The U.S. dollar recovered against the Japanese yen today after the dollar lost significantly against yen on Friday and this week trading opened with a wide gap against the greenback on Forex.
Dollar Heads for Second Monthly Gain
May 30th, 2008 at 16:58
US Dollar
Today the U.S. dollar continued to head for its second monthly gain against such currencies as the euro and the Japanese yen as the country’s economical situation showed some improvement over the recent weeks.
Dollar Sees a Third Day of Growth
May 29th, 2008 at 10:16
US Dollar
The U.S. dollar rose today to highest against the euro since May 20 as the Federal Reserve Bank of Dallas President Richard Fisher said that the interest rate increase is possible on elevated inflation fears.