EUR/USD declined today ahead of tomorrow’s European Central Bank meeting. The US dollar also rallied against other most-traded currencies, supported by rising US Treasury yields.
US Dollar USD
Detailed information and fundamental factors
Central Bank: Federal Reserve System
Public Debt to GDP Ratio, 2017: 77.4%
Trade Balance, 2017: -$776 bln.
Inflation, 2017: 2.1%
Supporting Factors
Global reserve currency
strong
International trade currency
strong
World's strongest economy
strong
Safe haven currency
weak
Factors of Weakness
Negative current account balance
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
US Dollar Waits for GDP & Other Economic Reports
April 22, 2018 at 18:06 Forex Forecast, US Dollar
The US dollar gained on all its most-traded rivals last week, and traders wait to see if the currency will be able to continue its bullish run in the coming week. Analysts expected that the greenback will be mainly driven by macroeconomic fundamentals, though politics may also affect the US currency.
US Dollar Ends Week Stronger vs. Safe Currencies, Weaker vs. Commodity Ones
April 14, 2018 at 14:47 US Dollar
The US dollar ended the week rather soft, gaining on safe currencies, but falling against other peers, commodity currencies in particular.
Dollar Mixed After FOMC Policy Minutes
April 11, 2018 at 21:20 US Dollar
The US dollar was mixed following today’s release of policy minutes by the Federal Open Market Committee. The currency fell against some rivals, while gained on others (primarily the riskier ones linked to the commodity market).
US Dollar Ends Week Mixed, Canadian Dollar Strongest
April 7, 2018 at 15:52 Canadian Dollar, US Dollar
The US dollar ended the week mixed, rising against such majors as the euro and the Japanese yen, but falling versus such currencies as the Great Britain pound and the Canadian dollar. While nonfarm payrolls was the main economic release during the past week, traders paid more attention to escalation of trade war rhetoric between the United States and China.
US Dollar Soft After Underwhelming NFP, Trade War Escalation
April 6, 2018 at 17:21 US Dollar
The US dollar dropped against its most-traded peers today following the release of surprisingly underwhelming jobs data and signs of escalation of trade tensions between the United States and China.
US Dollar Rallies Higher on Manufacturing PMI Releases
April 2, 2018 at 16:34 US Dollar
The US dollar today rallied against some of its main trading peers including the euro and the Canadian dollar. The greenback’s rally was triggered by the release of the IHS Markit US Manufacturing PMI for March, which was slightly lower than expected, but still tilted the scales in favor of the greenback.
US Dollar Ends Week Soft After Fed Announcement, Trade Wars
March 24, 2018 at 13:33 US Dollar
The US dollar fell this week due to the fears of trade wars and disappointment after the monetary policy announcement by the Federal Reserve.
US Dollar Recovers After Sell-Off Caused by Fed Announcement
March 22, 2018 at 19:30 US Dollar
Today, the US dollar was recovering after yesterday’s sell-off caused by the policy announcement from the Federal Reserve. Initially, the greenback extended its decline during the current trading session but managed to reverse movement and is now trading above the opening level against almost all most-traded currencies, with the exception of the Japanese yen.
US Dollar Rallies as Markets Prepare for Fed Hike
March 20, 2018 at 18:11 US Dollar
The US dollar gained against other most-traded currencies today as market participants were preparing for tomorrow’s policy announcement from the Federal Reserve.