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US Dollar USD

 

Detailed information and fundamental factors

Central Bank: Federal Reserve System

Public Debt to GDP Ratio, 2015: 73.6%

Trade Balance, 2015: -$749 bln.

Inflation, 2015: 0.2%

Sovereign Credit Ratings:

Fitch
AAA
Stable
Moody's
Aaa
Stable
S&P
AA+
Stable

Supporting Factors

Global reserve currency

strong

International trade currency

strong

World's strongest economy

strong

Safe haven currency

weak

Factors of Weakness

Huge public debt

strong

Negative trade balance

medium

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

Greenback Drops on GDP Data

Yesterday’s Federal Reserve announcement and the recent GDP data are putting a damper on the US dollar today. Greenback is heading lower as Forex traders mull the implications of a slowing economy.

US Dollar Slightly Lower Ahead of Fed Meeting

Greenback is slightly lower today, giving up some of its recent gains as Forex traders consolidate their positions. Many analysts and traders are looking forward to the Federal Reserve meeting later this week, trying to gauge what the next move will be.

Greenback Pulls Back After Earlier Gains

US dollar saw some earlier gains, holding over from yesterday’s rally. However, by now they are mostly gone as the greenback pulls back. Forex traders are consolidating their positions and preparing for the next move.

US Dollar Feels Pressure from Domestic Data & Market Sentiment

The US dollar dropped today against most currencies as both domestic fundamentals and the general optimistic market sentiment weighed on the currency.

Dollar Encounters Troubles with Moving Higher

The US dollar attempted to rally against other most-traded currencies this week but found limited success. The greenback gained on the euro and the Japanese yen but fell against the Great Britain pound and commodity currencies.

US Dollar Keeps Strength After Mixed Data

The US dollar continued to rise against most of its rivals, though it slowed the advance and even halted it against some currencies as US inflation data was disappointing.

US Dollar Stages Rally amid Positive Market Sentiment

The economists’ sentiment was positive lately due to the rally of global stocks, the rise of crude oil and the relatively positive trade balance report from China. Yet in a surprising twist, this was helping the US dollar, not hindering it.

Dollar Soft amid Dovish Outlook for Fed Policy

The US dollar fell against some other currencies today as traders remained concerned that the Federal Reserve will not be able to raise interest rates as fast as it has initially planned. The greenback was especially vulnerable against commodity-geared currencies and the Great Britain pound, faring better against safe currencies and the euro.

US Dollar Steady Against Euro and Pound, Down Against Yen

US dollar is remaining steady against the euro and the pound as risk aversion remains an issue. However, the greenback continues to fall against the yen.

Dollar Index Gains as Traders Shun Riskier Assets

Dollar index is heading higher today as traders shun riskier assets. Stocks are dropping, as are oil prices. Traders are turning away from riskier assets in favor of safe havens, and that is helping the greenback to some degree.

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