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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 on US Trade Tariffs & Jerome Powell Testimony

The US dollar was moving up during the Thursday trading session but has lost its gains against basically all of its most-traded peers. There were two likely reasons for that: the announcement of US import tariffs and disappointment in the second testimony of the new Federal Reserve leader Jerome Powell.

US Dollar Extends Rebound Ahead of FOMC Minutes

The US dollar extended its bounce after last week’s sell-off, rising today against most of its major rivals, though not the Great Britain pound.

US Dollar Rallies Briefly Against Peers on Upbeat US Inflation Data

The US dollar today rallied briefly against a basket of its peers as tracked by the US Dollar Index, after the release of strong US inflation data. The greenback’s rally was negatively affected by the weak retail sales data for December released early in the American session.

Dollar Soft Ahead of Inflation Data Released on Wednesday

The US dollar retreated versus its most-traded peers today as market participants were waiting for Wednesday’s important economic reports from the United States, including inflation data. Information about growth of consumer prices can affect the pace of monetary tightening by the Federal Reserve.

US Dollar Climbs Against Major Peers on Broad Job Gains in January

After spending most of the day trading sideways, the US dollar quickly climbed higher against most of its major peers on Friday following the latest update to jobs gain. Broad gains in the private sector and a record low unemployment rate provided the greenback with enough lift to break away from stale trading to erase most of the losses it had suffered yesterday.

US Dollar Plummets As Anticipation Builds Up for Interest Rate Decision

The US dollar plummeted against the euro to reach its lowest level in four days as traders held their positions while they wait to see the outcome of the Federal Open Market Committee‘s meeting. The greenback also weakened versus the British pound today following a strong reading for UK consumer credit in December, which overshadowed worries about the future of the Brexit negotiations.

Dollar Remains Extremely Vulnerable, Falls vs. Major Rivals Over Week

The theme of a weak US dollar continued to dominate the Forex market this week as the currency remained vulnerable due to a range of factors.

US Dollar Weakens Against Euro As Q4 Economic Growth Disappoint Estimates

The US dollar weakened against the euro on Friday in the wake of a disappointing reading for gross domestic product growth in the fourth quarter of 2017. The greenback failed to find support despite a positive upturn in durable goods orders and a strong overall economic performance in 2017.

USD Slumps as Mnuchin Talks About Benefits of Weaker Currency

The US dollar slumped against all other major currencies today following the remarks from US Treasury Secretary Steven Mnuchin, who talked about benefits of weaker currency.

Dollar Gains After US Government Reopens

The US dollar gained against the vast majority of most-traded currencies (with the exception of the Japanese yen) after the news that the US government is going to reopen.