The US dollar gained on the Great Britain pound but retreated versus the euro and the Japanese yen on Monday as traders continue to question the ability of the Federal Reserve to continue its interest rate hike cycle this year.
US Dollar USD
Central Bank: Federal Reserve System
Public Debt to GDP Ratio, 2014: 71.2%
Trade Balance, 2014: $724 bln.
Inflation, 2014: 2%
Global reserve currency
International trade currency
World's strongest economy
Safe haven currency
Factors of Weakness
Huge public debt
Negative trade balance
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
US dollar is heading higher today, thanks in large part to the latest data releases. With the economic outlook for the United States continuing to improve, some analysts are still predicting another rate hike in March, while other think that the Fed will rate a little longer.
The US dollar fell against its major peers during the Thursday’s trading session as poor economic data and dovish comments from some Fed policy makers led to speculations that the Federal Reserve would not be able to continue with its planned monetary tightening.
Global stocks are once again plummeting. The dollar is trading mixed, however, as many traders await economic data to determine whether or not recent dollar strength remains relevant.
US dollar is struggling today, with the dollar index down as Forex traders wonder if the Federal Reserve will dial back its plans for interest rate hikes. With the global economy showing volatility, and concerns about what’s next weighing, there is some speculation that the Fed will be reluctant to keep raising rates.
The US dollar was weaker against the vast majority of most traded currencies (with the exclusion of the Japanese yen) today. Most US economic reports released from the United States over the Thursday’s trading session were bad, leading to speculations that monetary tightening from the Federal Reserve would be very gradual.
The US dollar was mixed after the Federal Reserve had concluded its monetary policy meeting. The Fed made no changes to the policy, in line with market expectations, while the statement was mostly balanced but with a dovish bias.
US dollar is trading mixed today, as Forex traders and analysts await the Fed announcement later today. There is a great deal of volatility in the markets today.
The US dollar continued to rally against the euro and the Japanese yen today due to divergent monetary policies of the nations’ central banks. The greenback demonstrated mixed performance against other most-traded currencies as the rebound of global stocks limited demand for the currency as a safe haven option.
The US dollar gained against a basket of major currencies on Thursday and kept its gains at the start of Friday’s trading. The reason for the rally was divergent monetary policies of major central banks.