The US dollar was strong for the most part of the week, boosted by policy meetings of the Federal Reserve and the European Central Bank, though the currency weakened somewhat on Friday.
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 Surges After FOMC & ECB Meetings
June 14, 2018 at 17:42 US Dollar
The US dollar gained sharply on other currencies today after the European Central Bank made a surprisingly dovish policy statement. Yesterday, the currency had a mixed reaction to the hawkish statement from the Federal Reserve, rallying initially but falling afterwards. Yet Fed hawkishness is a bullish factor in the long and may be responsible to some degree for the currency’s rally today.
US Dollar Soft as Trade War Fears Creep Up
The US dollar was rather soft due to concerns that potential trade wars between the United States and their allies can damage the US economy. Positive domestic macroeconomic data was unable to bolster the greenback.
US Dollar Ends Volatile Week Soft
June 2, 2018 at 15:11 US Dollar
2 Comments
The currency market was a roller coaster this week as currencies were swinging up and down on political turmoil in various parts of the world. The US dollar ended the week as one of the weakest currencies despite the very positive employment report.
Non-Farm Payrolls Lift US Dollar
June 1, 2018 at 19:41 US Dollar
The US dollar rallied against most major peers today after employment data showed better-than-expected readings for all major indicators. The Great Britain pound managed to outperform the greenback, though, thanks to the positive report about Britain’s manufacturing.
Dollar Soft as USA Prepares to Implement Tariffs on Allies
May 31, 2018 at 17:39 US Dollar
The US dollar was rather soft today, falling against its most-traded rivals, though it has managed to pare losses versus some of its peers by now. The major topic for today was expiration of the tariff exemption for the closest US allies.
US Dollar Flat, Waits for Fed Minutes
May 22, 2018 at 19:08 US Dollar
The US dollar traded almost flat against most of its major peers amid profit-taking and in anticipation of the upcoming policy minutes from the Federal Reserve.
USD Ends Week Second Strongest, Analysts Unconvinced by Rally
The US dollar ended the week as the second strongest currency on the Forex market, losing only to the Swiss franc. Yet some market analysts said that the rally was unconvincing due to a range of political factors that were weighing on the greenback.
US Dollar Enters Consolidation, Ending Week Flat
May 12, 2018 at 14:37 US Dollar
The US dollar entered a consolidation mode, ending the week flat against most of its major rivals. As for other currencies, the Canadian dollar and the Great Britain pound were the strongest, while the New Zealand dollar ended the week extremely soft.
US Dollar Declines on Friday, Heads to End Week Flat
May 11, 2018 at 18:39 US Dollar
The US dollar extended yesterday’s decline today, heading to end the week flat versus most of its major rivals.