United States Dollar General Info
The three letter currency code for the United States Dollar is USD
and the symbol is $.
It is the domestic currency in
United States, East Timor, Ecuador, El Salvador, British Virgin Islands, US Virgin Islands, Caribbean Netherlands, Turks And Caicos Islands and Zimbabwe.
Other nations besides the United States use the U.S. dollar as their official currency. For instance, Panama has been using the dollar alongside the Panamanian balboa as the legal tender at a conversion rate of 1:1. Ecuador, El Salvador, and East Timor all adopted the currency independently. The former members of the U.S.-administered Trust Territory of the Pacific Islands, which included Palau, the Federated States of Micronesia, and the Marshall Islands, chose not to issue their own currency after becoming independent, having all used the U.S. dollar since 1944. Two British dependencies also use the U.S. dollar: the British Virgin Islands and Turks and Caicos Islands. The islands Bonaire, Sint Eustatius and Saba, now collectively known as the Caribbean Netherlands, adopted the dollar on January 1, 2011, as a result of the dissolution of the Netherlands Antilles. The U.S. dollar is an official currency in Zimbabwe, along with the Euro, the Pound Sterling, the Pula, the Rand, plus several other currencies.
USD - Market View
The US dollar has had a tough 2017. At the end of May, the Dollar Index had fallen in four of the year’s first five months. The trajectory for this year’s dollar trend was seemingly set in the first month, when the dollar recorded its worst January performance since 1987. “Start as you mean to go on”, as the saying goes.
At the end of May, the index had erased all gains made since last November’s US election. Following Donald Trump’s victory, investors poured money into American assets and, of course, its currency, upon the belief that Trump would go on to implement highly inflationary policies, including tax cuts and up to $1 trillion in infrastructure spending. The dollar soared in the final two months of 2016 but this year has fallen steadily as a realization has taken hold that Trump, like other politicians, may not be willing or able to “walk the walk” when it comes to his campaign pledges.
The dollar ended May buying around EUR 0.89, GBP 0.775 and close to JPY 111. The Dollar Index stood at 97.0.
1 Day 1 Week: United States Dollar was down against the Euro with the USD/EUR at 0.8788, a drop of -0.31% and also down for the last 7 days with a drop of -1.99%.
3 Month Trend: USD/EUR is trading at 3-month lows and for the quarter is down -6.13%.
United States Dollar - News & Market Updates
United States Dollar was down -0.41% against the Euro, down -1.18% against the Canadian Dollar, down -0.77% against the Australian Dollar, down -0.92% against the British Pound Sterling, down -0.71% against the Mexican Peso, even against the Japanese Yen, even against the Indian Rupee and up 0.58% against the Philippine Peso. USD 7 Day Cross-Rate... View article >
Posted on 28 June 2017 | 9:07 pm GMT
USDCAD broke below 1.3100 in early New York trading, reaching a low of 1.3085. (so far) Overnight, USDCAD bounced from 1.3150 to 1.3195 following the weekly API crude report. A tiny increase in inventories (0.85 m/b) led to the out-sized rally, which was more a factor of thin markets than anything else. Bank of Canada... View article >
Posted on 28 June 2017 | 1:19 pm GMT
Sterling GBP/USD 1 Week Chart With the Bank of England’s (BoE) latest financial stability report having little impact on currency markets, movement in the Pound (GBP) yesterday was largely driven by its peers. There were a few points worth focusing on in the BoE’s report however as the bank warned against the rise in consumer... View article >
Posted on 28 June 2017 | 9:42 am GMT
NZD/USD climbed yesterday to highs not seen since early February but gave back all gains prior to the end of the New York session, and to the surprise of many finished down on the day. In the absence of any New Zealand-specific data or news, the rapid rise and sudden decline in the kiwi can... View article >
Posted on 28 June 2017 | 8:05 am GMT
United States Dollar was down -1.5% against the Euro, down -0.57% against the Canadian Dollar, even against the Australian Dollar, down -0.85% against the British Pound Sterling, up 0.61% against the Mexican Peso, up 0.34% against the Japanese Yen, even against the Indian Rupee and up 0.17% against the Philippine Peso. USD 7 Day Cross-Rate... View article >
Posted on 27 June 2017 | 9:07 pm GMT
Draghi came from Brussels, it’s not in F L A Flew first-class to Sintra, which isn’t in the USA Plucked his feather on the way Then the dove was a hawk He said “hey babe take a walk on the hawkish side:” (Apologies to Lou Reed) EURUSD roared to life in Europe, rising from 1.1182... View article >
Posted on 27 June 2017 | 12:42 pm GMT
Sterling GBP/USD 1 Week Chart The Pound (GBP) found little in the way of lasting gains on Monday despite the DUP finally agreeing to a deal with the Tories after two weeks of negotiations. While Theresa May will now have the support she needs to effectively rule in a minority government, markets remain wary of... View article >
Posted on 27 June 2017 | 9:31 am GMT
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