Politics played a major role in the moves on the Forex market during the past week. That was beneficial for the US dollar, but not so much for other currencies, including the euro, the Great Britain pound, and the New Zealand dollar.
US Dollar USD
Detailed information and fundamental factors
Central Bank: Federal Reserve System
Public Debt to GDP Ratio, 2016: 73.8%
Trade Balance, 2016: -$734 bln.
Inflation, 2016: 1.3%
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 Jumps on Hopes for Tax Cuts as Senate Passes Budget Blueprint
October 20, 2017 at 21:07 US Dollar
The US dollar jumped today, registering the biggest daily gain in a month, due to the hopes for the tax reform promised by US President Donald Trump.
USD Stable, Gains vs. European Currencies amid Next Fed Chief Speculations
October 17, 2017 at 18:16 US Dollar
The US dollar was stable today against its most-traded rivals but gained on the European currencies, including the euro and the Great Britain pound. The greenback got support from rumors that the next leader of the Federal Reserve may be a hawk.
US Dollar Ends Week as Weakest Currency After FOMC & CPI
October 14, 2017 at 14:07 US Dollar
The US dollar ended the week as the weakest currency among the major ones. The euro was mixed, while the Great Britain pound was the strongest.
US Dollar Rises as Fresh Data Boosts Inflation Outlook
October 12, 2017 at 14:56 US Dollar
The US dollar climbed against other major currencies on Thursday as investors became more confident that the US inflation is picking up. The improved inflation outlook supported the Federal Reserve’s case for an interest rate increase before the end of the year.
US Dollar Retreats as Job Openings Decrease in August
October 11, 2017 at 15:01 US Dollar
The US dollar retreated against the euro on Wednesday after a fresh report revealed a weaker job market than what analysts had expected. The release also weighed on an index that tracks the greenback’s strength, pushing it to the lowest level in about two weeks.
Dollar Goes Lower, Waits for Economic Data
October 10, 2017 at 22:10 US Dollar
The US dollar fell against its most-traded peers during the Tuesday’s trading session as dollar bulls struggled to find a new catalysts for a rally. Economic data released over the rest of the week may provide such catalysts if it turns out good.
US Dollar Ends Week as Strongest Currency Despite Falling Employment
October 7, 2017 at 17:10 US Dollar
The US dollar ended the week as the strongest major currency as market participants considered an interest rate hike from the Federal Reserve in December almost guaranteed.
US Dollar Climbs Against Euro as Catalonian Crisis Escalates
October 6, 2017 at 14:30 US Dollar
The US dollar rose against the euro on Friday as domestic political troubles in Spain showed no sign of an end, which continued to weigh on the shared currency. However, the greenback lost some of its upward momentum today following the release of disappointing payroll data.
US Dollar Gains as Data Supports Outlook for Fed’s Hike
October 5, 2017 at 21:14 US Dollar
The US dollar rallied against a basket of major currencies today as positive economic data released in the United States over the trading session reinforced the case for an interest rate hike from the Federal Reserve.