U s dollar rate

USD - US Dollar The US Dollar is the currency of United States. Our currency rankings show that the most popular US Dollar exchange rate is the USD to EUR rate. The currency code for Dollars is USD, and the currency symbol is $. Below, you'll find US Dollar rates and a currency converter. Select a currency The US central bank is called the Federal Reserve Bank (commonly referred to as "The Fed"). The USD is the most traded currency in the Importance of the US Dollar The US Dollar is the most commonly converted currency in the world and is regularly used as a benchmark in the Forex market. As the dominant global reserve currency, it is held by nearly every central bank in the world. Additionally, the Dollar is used as the standard currency in the commodity market and therefore has a direct impact on commodity prices. Dollarization of the USD Due to its international acceptance, some countries like Panama and Ecuador use the USD as an official legal tender, a practice known as dollarization. For other countries the Dollar is an accepted alternative form of payment, though not an official currency for the country. Multiple currencies are pegged to the US Dollar: Country Peg Rate 6.30000 Introduction of the US Dollar In 1785, the Dollar was officially adopted as the money unit of the United States. The Coinage Act of 1792 created the first U.S. Mint and established the federal monetary system, as well as set denominations for coins specified by their value in gold, silver, and...

NEW YORK, June 12 (Reuters) - The dollar inched higher on Monday, trading in a narrow range as investors remained cautious ahead of several key policy decisions due this week, with the Federal Reserve expected to keep rates on hold for the first time since January 2022. Monetary policy meetings at the Fed, the European Central Bank (ECB) and the Bank of Japan (BOJ) will set this week's tone as markets seek clues from policymakers on the future path of interest rates. U.S. May inflation data is also out on Tuesday as the Fed kicks off its two-day meeting. "Though it's more likely than not that the Fed will 'skip' a hike this month, it seems as if no one wants to be caught on the wrong side of the market should they choose to hike this month, keeping volatility low across most majors," said Helen Given, FX trader at Monex USA in Washington. She said everyone seemed to be "holding their breath" and waiting for cues from Fed Chair Jerome Powell. "A hike Wednesday would likely be very dollar-positive as it would go against current market expectations," Given said. Money markets are leaning toward a pause from the Fed, according to Refinitiv's FedWatch, but a majority expect a hike in the July meeting. Conversely, a clear majority of economists The U.S. dollar index clocked a loss of nearly 0.5% last week, its worst weekly drop since mid-April, and was last up 0.1% at 103.60. The euro was up slightly at $1.0760, having risen 0.4% last week, its first weekly gain in roughly a mon...