Live Forex news from all over the world.
US Dollar USD
Central Bank: Federal Reserve System
Interest Rate: 0.00% — 0.25%
Public Debt to GDP Ratio, 2017: 77.4%
Trade Balance, 2017: -$776 bln.
Inflation, 2019: 1.8%
Global reserve currency
strong
International trade currency
strong
World's strongest economy
strong
Safe haven currency
medium
Negative current account balance
strong
Negative trade balance
medium
Quantitative easing
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.
The US dollar is sliding against multiple currency rivals to start the trading week. The greenback is extending its downward pattern after continued bearish manufacturing numbers and the weekend riots that swept the nation ostensibly impacted the currency. The buck has already wiped out a lot of it gains, so could this trend continue in June?
The Australian dollar versus the US dollar currency pair managed to climb all the way to the important 0.6700 level. Should the bulls expect a surprise comeback from the bears?
The US dollar was unfazed by President Donald Trump’s press conference on Friday. Global financial markets were on edge as many speculated drastic actions would be taken by the administration regarding China over trade and the situation in Hong Kong. Instead, the announcements were just confirmations of previous reports about his response to the World Health Organization (WHO) and Beijing.
The US dollar versus the Japanese yen currency pair seems to have hit the wall at the 108.05 intermediary level. Does the next support, the psychological 107.00, serve as a solid ground for the bulls to resume a rise?
The US dollar is struggling for direction on Thursday after a plethora of data provided a bearish portrait of the world’s largest economy. Initial jobless claims came in slightly worse than expected, while the gross domestic product (GDP) was revised downward for the first quarter. But financial markets were mostly positive in pre-market trading.
The US dollar was the weakest major currency on the Forex market on Tuesday, falling against all other most-traded rivals. The positive market sentiment limited demand for the greenback in its role as a safe haven, pushing it back even against other safe currencies, like the Japanese yen. Rather positive domestic macroeconomic data was unable to support the US currency.
The Great Britain pound versus the US dollar currency pair seems to be trying to rotate towards higher prices. Are the bears waiting for better prices, or the bulls already started a rise?
The Australian dollar versus the US dollar currency pair seems to have failed to profit from the fact the price went above the 0.6600 psychological level. Do the bulls still have a chance?
The US dollar versus the Japanese yen currency pair is still to decide about the overall direction.
The US dollar is trading flat on Thursday as the number of Americans filing for unemployment benefits continues its downward pattern, suggesting the job-loss trend peaked at the end of March. US financial markets were flat across the board, so there was not a huge push into the traditional safe-haven asset toward the end of the trading week.
