US dollar is experiencing choppy performance today as risk appetite battles with the fact that expectations for a Fed rate hike are on the rise again. US dollar is mostly lower against its major counterparts today, however. There hasn’t been a lot of movement as a new week starts and Forex traders evaluate the latest round of data.
US Dollar USD
Central Bank: Federal Reserve System
Public Debt to GDP Ratio, 2015: 73.6%
Trade Balance, 2015: -$749 bln.
Inflation, 2015: 0.2%
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 lower against its major counterparts today as risk appetite increases. Financial sentiment seems to be increasing around the world, Alcoa earnings are providing a shot in the arm for US stocks, and it appears tightening is off the table for the near term.
The US dollar has ended the trading week mixed. It rose against the euro, the Great Britain pound, the Swiss franc, and the Canadian dollar. At the same time, the greenback fell versus the Japanese yen, the Australian dollar, and the New Zealand dollar.
US non-farm payrolls were positive at the first glance, but it was not enough to boost the US dollar. On closer inspection, the employment report was not that good, giving no reason to believe that the economic conditions are solid enough to warrant withdrawal of monetary stimulus.
The US dollar was mixed during early Thursday’s trading. The currency rose versus the euro, fell against the Japanese yen, and was flat versus the Great Britain pound.
The US dollar fell against most currencies after the policy announcement from the Federal Reserve. The drop was not especially big as the Fed did not surprise markets very much with its announcement.
The US dollar gained on the euro during Tuesday’s trading as Brexit fears were driving the shared currency of the eurozone down. The greenback also gained on the Great Britain pound and commodity currencies, but fared worse against safe haven currencies like the Japanese yen and the Swiss franc.
US dollar is mostly lower today, pulling back as Forex traders review possibilities and prepare for the Federal Reserve policy decision later this week. Greenback has given up some of its recent gains, and the dollar index is lower today.
The US dollar sank against the majority of most-traded currencies by the end of the past trading week due to the overwhelmingly negative US employment report. The only major currency that was even weaker than the greenback turned out to be the Great Britain pound.