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United States Dollar (USD) - BER Currency Guide

In this currency guide we look at :


  1. USD General Info
  2. USD Market View
  3. USD BER News
  4. USD Cross Rates

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

USD/EUR Updates - Thu 23:00 EDT

1 Day  1 Week: United States Dollar was up against the Euro with the USD/EUR at 0.8930, a rise of 0.36% but remains down for the last 7 days with a drop of -0.53%.

3 Month Trend: USD/EUR is touching 3-month lows [Hi:0.9492, Lo:0.8902] and for the quarter is down -6.05%


United States Dollar - BER News

United States Dollar – Thu May 25: USD Up vs EUR, CAD, AUD, GBP, MXN & JPY and Down vs INR & PHP.

United States Dollar up 0.07% against the Euro, up 0.56% against the Canadian Dollar, up 0.6% against the Australian Dollar, up 0.23% against the British Pound Sterling, up 0.5% against the Mexican Peso, up 0.25% against the Japanese Yen, down -0.17% against the Indian Rupee and down -0.2% against the Philippine Peso. USD 7 Day... View article >
Currency:
Posted on 25 May 2017 | 9:07 pm GMT
Author: BER Research

Loonie Flexing its Wings

The Canadian dollar is in demand. An ever-so-slightly hawkish Bank of Canada statement, ever-so-slightly doveish FOMC minutes, and a surge in oil prices combined to crush USDCAD.  It plunged from its pre-BoC perch of 1.3530 yesterday, to an overnight low of 1.3388. Profit taking and Opec meeting headlines lifted USDCAD to 1.3435 at the New... View article >
Posted on 25 May 2017 | 11:59 am GMT
Author: Agility Forex

Commodity Based Currencies Bolstered by Uptick in Oil Prices

 Sterling After a brief rally against the majority of its peers yesterday morning the Pound (GBP) tumbled by the afternoon over new Brexit concerns. Sterling’s weakness was prompted by a report from BlueBay Asset Management who told traders that they should bet against the Pound as they predict turbulent Brexit negotiations will cause it to... View article >
Posted on 25 May 2017 | 8:47 am GMT
Author: TorFX

New Six-Month Highs in Singapore Dollar as Government Predicts Above-2% Growth in 2017

The Singapore dollar-to-US dollar exchange rate reached six-month highs this morning at 0.7231 following new predictions from Singapore’s Ministry of Trade and Industry (MTI) that economic growth in the country will exceed 2% this year. “Barring the materialization of downside risks, GDP growth is likely to come in higher than the 2% achieved in 2016,”... View article >
Currency:
Posted on 25 May 2017 | 5:41 am GMT
Author: Joel Wright

United States Dollar – Wed May 24: USD Up vs PHP and Down vs EUR, CAD, AUD, GBP, MXN, JPY & INR.

United States Dollar down -0.35% against the Euro, down -0.78% against the Canadian Dollar, down -0.38% against the Australian Dollar, down -0.06% against the British Pound Sterling, down -0.92% against the Mexican Peso, down -0.28% against the Japanese Yen, down -0.24% against the Indian Rupee and up 0.26% against the Philippine Peso. USD 7 Day... View article >
Currency:
Posted on 24 May 2017 | 9:07 pm GMT
Author: BER Research

Moody’s Downgrades China

Moody’s downgraded China’s sovereign debt from Aa3 negative to A1 Stable, overnight.  Traders were surprised and the news led to selling of the commodity currency bloc. That kerfuffle faded quickly and the FX majors opened in New York, very near to their closing levels. AUDUSD dropped from 0.7482 to 0.7443 on the China downgrade mainly... View article >
Currency:
Posted on 24 May 2017 | 12:18 pm GMT
Author: Agility Forex

Euro Suffers as Greece Debt Concerns Mount

Sterling GBP/USD 1 Week Chart After falling on Tuesday morning after the UK’s public deficit widened further than expected, the Pound (GBP) found its legs in the afternoon and rallied against the majority of its peers. The rebound appeared to be thanks to traders rushing to take advantage of the Pound’s weakness at the start... View article >
Posted on 24 May 2017 | 9:44 am GMT
Author: TorFX

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