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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 Weakens Versus a Basket of Major Counterparts on Disappointing GDP Growth

The US dollar declined against most of its main peers on Friday, which drove an index that tracks the greenback’s strength to its lowest level since November 9 earlier today before partly erasing some of its losses. The US currency was weaker today following a report on gross domestic product growth in the United States, which revealed data that fell short of expectations.

US Dollar Remains Little Changed Against Main Peers on Mixed Economic Data

The US dollar strengthened against the euro and fell against the British pound, the Canadian dollar, and the Japanese yen on Thursday. The greenback struggled for direction following a number of economic releases in the United States that revealed mixed data today, which raised uncertainty about the stability of the economic recovery.

US Dollar Drops to New Lows Despite Positive US Data

The US dollar declined to new lows today after the release of a raft of economic reports from the US economic docket. Today’s economic releases include the consumer confidence index, the house price index, the new homes sales report and the S&P/Case-Shiller US home price index.

US Dollar Edges Higher on Strong Housing Data and Anticipation for French Election

The US dollar strengthened against the euro on Friday, following the release of positive data for the US housing sector. Investors are keeping a close eye on the French presidential election on Sunday, which weighed on the shared currency and gave way for the greenback to score more gains today.

US Dollar Stays Lower on Lackluster Manufacturing Data

The US dollar remained weaker against the euro on Thursday as traders digested a disappointing report on manufacturing activity in the Philadelphia region, which was released earlier today. However, an index that tracks the strength of the greenback rose as the US currency improved against a number of its major peers.

Dollar Logs Limited Rally

The US dollar rallied today, though the gains were limited as rising geopolitical tensions were not adding to the appeal of the currency, despite its role as a safe haven.

US Dollar Drops Against Euro as Housing Data Disappoints

The US dollar weakened against the euro and the British pound among other major currencies on Tuesday, as geopolitical developments around the globe continued to weigh on the US currency. Economic data in the United States failed to support the greenback today, as a new housing report painted a mixed picture of the real estate market.

EUR/USD Rallies Higher on Soft US Housing and Manufacturing Data

The EUR/USD currency pair rallied higher today given the weaker US dollar as tracked by the US Dollar Index and the stronger euro. The currency pair rallied higher as the US NAHB housing market index and the Empire State manufacturing survey both registered disappointing figures.

US Dollar Edges Lower amid Thin Trading and Disappointing Retail Sales

The US dollar weakened against most of its major peers on Friday, as investors felt disappointed following the release of two economic reports that were expected to reveal stronger data. Trading was thin today as markets in the United States, Canada, the United Kingdom and Australia closed for the Good Friday holiday.

US Dollar Partly Recovers After Plummeting on Negative Comments from Trump

The US dollar rose against the euro and the British pound on Thursday, to erase some of the losses it had yesterday following remarks by President Donald Trump that the greenback is too strong. Trump had added that he believes the Federal Reserve should keep interest rates low, with the aim of avoiding further gains in the US dollar.

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