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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

US Dollar Edges Higher as CPI Data Reveals Stronger Inflation

The US dollar had a small recovery on Wednesday from its losses yesterday. The greenback attempted, with limited success, to find upward momentum, a day after President-elect Donald Trump said the US currency is too strong.

US Dollar Drops as Donald Trump Says the Currency Is Too Strong

The US dollar experienced a sharp decline against its major peers on Tuesday, after US President-elect Donald Trump spoke against the strength of the nation’s currency. The British pound was the biggest gainer against the US dollar.

USD/CAD Struggles to Maintain Upward Momentum as US Markets Remain Closed

The USD/CAD currency pair struggled to maintain its upward momentum today even as US markets remain closed. The pair demonstrated mixed results similar to those of last week given that weakness in the US dollar typically strengthens the Canadian dollar.

Dollar Ends Broadly Lower

The US dollar ended the week broadly weaker against other major currencies as markets were disappointed by the first press conference of Donald Trump as a president.

US Dollar Recovers Briefly Boosted by Retail Sales Data for December

The release of positive retail sales data for the month of December boosted the performance of the US dollar against major currencies before the gains were erased. The US dollar rose briefly after the US Commerce Department released data regarding consumption during the month of December.

US Dollar Looks to Fed Speakers for Support After Trump Speech Sours Investor Confidence

The US dollar continued to perform poorly a day after Donald Trump‘s speech as Investors expect Fed speakers to give direction regarding future fiscal policies. There was widespread selling pressure on the greenback as investors demonstrated their loss of confidence in Trump given that he did not outline the specific policies that he will pursue.

US Dollar Declines Against Major Currencies During Trump’s First Press Briefing

The US dollar declined significantly against other major currencies as the markets reacted negatively to Donald Trump‘s first press briefing as president. The US dollar lost much of the ground it had gained earlier in the day after Trump announced his short-term plans for the USA given that he assumes office in nine days.

US Dollar Remains Shaky as Investors Monitor Bond Yields

The US dollar opened trading on Tuesday with a choppy start and has demonstrated mixed results in daily trading against other major currencies. Some currency pairs that include`the US dollar have started retracing their bullish trends towards the greenback.

US Dollar Falls vs. Major Peers During Monday’s Trading

The US dollar fell against most of its major counterparts (though not against the very weak Great Britain pound) on Monday, though analysts kept the bullish outlook for the greenback over the longer term due to prospects for faster pace of interest rate hikes this year.

US Dollar Climbs Against Euro and Pound on Strong US Wage Growth

The US dollar climbed against its major peers on Friday, as traders paid little attention to disappointing data that was released earlier today. The greenback is resuming its recent rally on stable economic growth and expectations of higher inflation rate in the United States.

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