US dollar index is gaining today, inching a bit higher. Previously, the US dollar index was struggling as the euro came off three-week lows to post some gains. However, those gains have been overwhelmed, and the US dollar is higher. Too many concerns about what’s next for the eurozone are weighing on European currencies, even though equities and commodities are higher today.
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
Uncertainty Sends US Dollar Higher as Risk Haven
March 06th, 2012 at 14:30
US Dollar
Uncertainty is growing in global markets, and that is prompting risk aversion. The US dollar is higher in response, sought as a safe haven. Greenback is higher on prospects for slowdown on a global scale, and Greece remains a point of difficulty as speculation remains regarding Greece’s bond swap. For now, all of this means Forex traders are interested in the stability that comes with the US dollar.
Risk Aversion Helps US Dollar
March 02nd, 2012 at 14:33
US Dollar
Risk aversion is helping the US dollar today in Forex trading, providing a boost as concerns about the eurozone once again become prominent in the financial markets. Forex traders are looking for some safety and stability, and they are turning to the greenback to get it.
US Dollar Mixed after GDP Data
February 29th, 2012 at 14:34
US Dollar
US dollar is mixed today after encouraging GDP data was released. The latest numbers for the fourth quarter of 2011 indicate that the US economy grew 3%, which is better than the 2.8% pace originally reported. The news has helped the greenback pare some of its losses against the Japanese yen, and provided some support for Great Britain pound.
US Dollar Higher on Risk Aversion
February 27th, 2012 at 15:57
US Dollar
US dollar is getting a boost today as risk appetite fades. After ending last week lower, the US dollar is gaining today as risk aversion makes an appearance, thanks to the results of the G-20 meeting over the weekend. With delegates telling the eurozone to get its act together before approval for more IMF funds will be made, US dollar is higher as Forex traders look for stability.
US Dollar Softer on Risk Appetite
February 24th, 2012 at 15:23
US Dollar
US dollar is softer today as general risk appetite eliminates the need for safe haven currencies. Optimism about the future is high, and many forex traders are looking forward to improvements in the global economy.
US Dollar Lower Across the Board
February 23rd, 2012 at 14:19
US Dollar
US dollar is lower across the board as equities show some spunk today. US stock futures are expected to open higher, and British stocks are higher today. There is a measure of risk appetite today as Forex traders consider what could be positive economic data.
US Dollar Surges against Japanese Yen
February 22nd, 2012 at 14:29
US Dollar , Japanese Yen
US dollar is surging against Japanese yen today. The result is a strong expectation for Japanese company earnings, and hopes that things can get back on track for Japan, now that yen weakness is more pronounced.
US Dollar Drops on Greek Bailout Hopes
February 20th, 2012 at 18:25
US Dollar
US dollar is lower today, dropping as Forex traders look forward to a Greek bailout. The expectation is that eurozone leaders will come up with a way to get Greece the money it needs to avoid a messy default. Equities around the world rallied on the news, and the need for safe haven fell, bringing the US dollar down as well.
US Dollar Gains Against Euro, Falls Against Pound
February 16th, 2012 at 15:47
US Dollar
US dollar is mixed against major European currencies today as good news out of the United States contrasts with continued uncertainty out of the eurozone. Concerns about what’s next for Europe are weighing on the euro, while a general feeling of risk appetite is helping the pound.
