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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 Gains As Jobless Claims Hit Fresh Pandemic Low, Inflation Beats Estimates

The US dollar is looking to maintain its momentum toward the end of the trading week, buoyed mostly by economic data rather than the broader market trends. The greenback is searching for support from lower-than-expected inflation and initial jobless claims falling to a fresh pandemic low. Could the buck travel on an upward trajectory to close out 2020?

First Stop at 1.3261 on GBP/USD?

The Great Britain pound versus the United States dollar currency pair seems to aim for 1.3261. But do the bulls still have enough steam?

US Dollar Drops As Pfizer, BioNTech Announce 90% Effective COVID-19 Vaccine

The US dollar is sliding against many of its currency rivals to kick off the trading week, adding to the global reserve currency’s 2020 woes. The greenback may be in store for some more pain in international financial markets due to rallying equities driven by news that Pfizer’s COVID-19 vaccine is mostly effective. With a lack of data being released and the 2020 presidential election in the rear-view mirror, it is all about […]

Bulls Set to Pass 0.7413 on AUD/USD?

The Australian versus the United States dollar currency pair crystalized on the chart a very convincing appreciation. Do the bears still have a say?

US Dollar Struggles on Better-Than-Expected October Jobs Report

The US dollar is struggling to plug the hemorrhaging to finish the trading week. The greenback has been cratering against many of its major currency peers this week as a bit more certainty over the 2020 election result and a substantial rally in stocks sent the buck lower. With a better-than-expected October jobs report, is the dollar in store for greater losses in November?

Bears on USD/JPY Set for 103.15

The United States dollar versus the Japanese yen currency pair seems to have been taken over by the bears. Do the bulls still hold any chances?

US Dollar Plunges As Jobless Claims Fall to Pandemic Low, Stocks Rally

The US dollar is plunging against most of its currency rivals on Thursday as the number of Americans filing for first-time unemployment benefits declined to a pandemic low. With the 2020 US presidential election looking a little more certain in former Vice President Joe Biden’s favor, the broader financial markets are rallying, which has sparked a selloff of the greenback. Will a lower dollar be the norm in the home stretch of 2020?

US Dollar Surges As Trump Threatens Supreme Court Action Over 2020 Election

The US dollar advanced against many of its currency peers on Wednesday as the 2020 presidential election potentially becomes a contested affair. An official result was not announced, and many votes are still being counted in many key battleground states. With the historic race potentially being taken to the Supreme Court, financial markets are not reacting favorably.

Are Bulls Still Targeting 1.3000 on GBP/USD?

The Great Britain pound versus the United States dollar currency pair seems to be willing to go along with the bulls. Are they able to keep up and resume the climb?

US Dollar Index Edges Higher As Investors Brace for 2020 Election

The US dollar is trading slightly higher against some of its currency peers one day before the 2020 presidential election. Investors are anticipating volatility across the broader financial markets this week, although the consensus on Wall Street is that investment houses desire a clear result for either President Donald Trump or former Vice President Joe Biden. Until then, the uncertainty surrounding Election Day could be […]