United States dollar

Logo Forex Broker Trust Score Min. Depo Max. Leverage Spread
RoboForex 99 $10 1:2000
Forex4you 98 $1 1:1000
XM 97 $5 1:888
FXOpen 96 $1 1:500
InstaForex 96 $1 1:1000
Evolve Markets 96 $1 1:1000
Pepperstone 96 $200 1:400
Deriv 96 $5 1:150
LiteFinance 96 $50 1:500
AvaTrade 96 $100 1:400
Dukascopy 96 $100 1:200
IQ Option 95 $1 1:500
SimpleFX 95 $1 1:500
ForexMart 95 $15 1:3000
OANDA 95 $1 1:50
Saxo Bank 95 $2000 1:200
City Index 95 $250 1:30
Interactive Brokers 95 $10000 1:100
XTB 95 $1 1:30
YCM-Invest 95 $200 1:200
FXCM 94 $1 1:400
Questrade FX 94 $1000 1:200
IG 94 $1 1:50
CMC Markets 94 $1 1:500
iFOREX (Vestle) 94 $100 1:30
FXGlory 93 $1 1:3000
FIBOGroup 93 $1 1:1000
FXDD 93 $250 1:30
ActivTrades 93 $10 1:400
GCI 93 $500 1:400
DeltaStock 93 $100 1:200
TradeView Forex 93 $100 1:400
One Financial Markets 92 $250 1:30
Ingot Brokers 92 $100 1:400
Velocity Trade 92 $1000 1:200
ATC Brokers 92 $5000 1:200
Windsor Brokers 92 $50 1:500
Finq 92 $100 1:300
FXCL 92 $1 1:1000
Admirals 91 $100 1:500
Advanced Markets 91 $100 1:200
PFD 91 $1 1:300
Royal 91 $50 1:30
AAFX Trading 90 $100 1:2000
FX Trading 90 $50 1:500
CPT Markets 90 $500 1:500
AAAFx 90 $300 1:30
ICM Brokers 89 $250 1:400
Markets.com 89 $100 1:300
HF Markets 89 $1 1:2000
Spread Co 89 $160 1:10
AccentForex 89 $50 1:500
Profiforex 87 $1 1:500
Synergy Markets 87 $100 1:500
Trader’s Way 87 $1 1:1000
IC Markets 86 $200 1:500
Grand Capital 86 $10 1:500
Axiory 86 $10 1:777
FXFlat 86 $500 1:400
ICM Capital 86 $200 1:30
easyMarkets 85 $25 1:2000
NPBFX 85 $10 1:1000
IFC Markets 85 $1 1:400
NordFX 84 $10 1:1000
Axi 84 $1 1:500
Blackwell Global 83 $1 1:200
ThinkMarkets 83 $1 1:2000
Weltrade 83 $1 1:500
GBE brokers 83 $500 1:30
Traders Trust 82 $50 1:3000
XGLOBAL Markets 82 $100 1:30
NSFX 81 $300 1:50
CLMarkets 81 $100 1:500
AMarkets 80 $100 1:3000
Swissquote 80 $1000 1:100
Hirose Financial UK 80 $1 1:30
TenkoFX 80 $10 1:500
TMS Brokers 80 $1000 1:30
Invast Financial Services 80 $100 1:400
Hantec Markets 80 $1000 1:30
Darwinex 80 $10000 1:200
FirewoodFX 80 $10 1:1000
Tickmill 79 $100 1:500
FX Choice 79 $100 1:200
Key To Markets 78 $100 1:500
WesternFX 78 $25 1:500
Forex.ee 78 $10 1:500
LCG 78 $10000 1:200
PhillipCapital 77 $200 1:200
Valutrades 77 $100 1:400
FXPRIMUS 76 $15 1:1000
MTrading 76 $10 1:1000
ADSS 76 $200 1:500
Capital Index 76 $100 1:200
TrioMarkets 75 $100 1:30
FxGrow 75 $100 1:100
Trade Nation (ex-Core Spreads) 75 $1 1:240
Alvexo 75 $500 1:300
LMFX 75 $5 1:1000
Titan FX 74 $200 1:1000
ForexChief 74 $10 1:1000
VARIANSE 74 $500 1:30
CM Trading 74 $100 1:200
SuperForex 74 $1 1:1000
Gerchik & Co 74 $100 1:100
AAATrade 73 $1 1:200
OffersFX 73 $200 1:400
FX Giants 73 $100 1:30
Milton Markets 72 $50 1:1000
JFD Brokers 72 $500 1:400
BDSwiss 71 $100 1:400
Land-FX 71 $300 1:500
CIBFX 71 $500 1:200
LQDFX 71 $20 1:1000
TegasFX 70 $200 1:200
FP Markets 70 $100 1:500
Fortrade 70 $500 1:100
Ally Invest 69 $1 1:50
FXPIG 69 $200 1:500
Global Prime 69 $200 1:200
TriumphFX 69 $100 1:500
Swiss Markets 69 $200 1:500
World Forex 69 $1 1:500
Global Market Index 69 $15 1:2000
ATFX 68 $200 1:30
Fullerton Markets 68 $200 1:500
Big Boss 67 $1 1:1111
Capital Street FX 67 $100 1:3500
ETO Markets 67 $200 1:30
Equiti 67 $500 1:500
Coinexx 66 $7 1:500
Alpari 66 $1 1:1000
Libertex / Forex Club 65 $1 1:600
HYCM 65 $20 1:325
eToro 65 $200 1:400
GOMarkets 65 $200 1:500
Plus500 64 $100 1:300
BMFN 64 $50 1:400
Vantage 63 $50 1:500
FBS 63 $5 1:3000
PaxForex 63 $10 1:500
IronFX 63 $100 1:30
Orbex 62 $100 1:500
Octa (ex-OctaFX) 62 $25 1:500
FreshForex 62 $1 1:2000
JustMarkets 62 $1 1:3000
Capital.com 62 $20 1:30
Axiance 60 $100 1:500
EagleFX 60 $10 1:500
CryptoRocket 60 $10 1:500
LonghornFX 60 $10 1:500
FxPro 59 $100 1:50
MultiBank 59 $50 1:500
CedarFX 59 $10 1:500
Trive 59 $1 1:30
INFINOX 58 $100 1:30
Fondex 58 $250 1:30
One Global Market 58 $500 1:30
SquaredFinancial 57 $250 1:30
ACY Securities 57 $50 1:500
Blueberry Markets 57 $100 1:500
Credit Financier Invest 57 $1 1:30
Olymp Trade 57 $2 1:500
TIOmarkets 57 $1 1:200
LegacyFx 57 $500 1:200
Just2Trade 56 $100 1:500
AMP Global 56 $100 1:50
CMS Prime 55 $500 1:500
Scandinavian Capital Markets 55 $10000 1:100
Dizicx 55 $100 1:400
VPFX 55 $100 1:500
Juno Markets 54 $25 1:500
Eightcap 54 $100 1:500
Fxview 54 $50 1:500
M4Markets 54 $5 1:1000
Skilling 54 $100 1:1000
Yadix 54 $100 1:500
NAGA 53 $250 1:500
Anzo Capital 53 $100 1:1000
SmartFX 53 $200 1:400
Forex24 53 $2000 1:400
ForexTB 53 $250 1:30
Blaze Markets 52 $100 1:200
FXGT 51 $5 1:500
Milton Prime 51 $300 1:500
XtreamForex 51 $5 1:1000
Trading 212 50 $10 1:30
Moneta Markets 50 $50 1:500
AZAforex 50 $1 1:1000
MarketsVox (ex-ForexVox) 50 $100 1:2000
AdroFx 50 $25 1:500
Fusion Markets 50 $1 1:500
TOP1Markets 50 $100 1:100
LMAX Global 49 $10000 1:30
TMGM 49 $100 1:500
VT Markets 49 $200 1:500
AETOS 49 $50 1:200
OpoFinance 49 $100 1:500
Eurotrader 48 $50 1:500
LiquidityX 48 $250 1:30
Evest 48 $250 1:400
Colmex Pro 48 $2000 1:30
Sage FX 47 $10 1:500
Number One Capital Markets 47 $1 1:1000
Esperio 47 $1 1:1000
Trading.com 46 $5 1:30
Solid ECN 45 $1 1:1000
RockGlobal (ex-Rockfort Markets) 45 $200 1:500
Investizo 45 $10 1:1000
Crystal Ball Markets 45 $50 1:1000
FinPros 45 $100 1:500
Lirunex 45 $25 1:2000
Baxia Markets 45 $10 1:500
zForex 44 $10 1:1000
Strifor 44 $2000 1:500
Finteria 44 $100 1:500
Wonderinterest 44 $50000 1:30
Hankotrade 43 $10 1:500
Headway 43 $1 1:2000
Mitrade 43 $50 1:200
CapitalBear 42 $10 1:500
BelleoFX 42 $100 1:500
Golden Brokers 41 $100 1:100
PU Prime 40 $20 1:1000
Jetvix 40 $10 1:500
Gulf Brokers 40 $100 1:500
Otet Markets 39 $100 1:3000
Doto 38 $1.5 1:500
CA Markets 38 $20 1:500
EBC 38 $50 1:500
FXTM 38 $10 1:2000
FXGlobe 38 $250 1:30
OnEquity 38 $25 1:500
OxSecurities 37 $1 1:400
Neotrades 36 $1000 1:400
Vida Markets 36 $100 1:1000
Forex.com 35 $250 1:200
BlackBull Markets 35 $50 1:500
CapitalCore 35 $10 1:2000

The United States dollar (USD), fondly known as the ‘greenback’, has a storied past, tracing its origins back to the Coinage Act of 1792. This granddaddy of currencies has stood the test of time, evolving from physical gold and silver coins to the digital numbers on trading screens. Today, it enjoys a celebrity status in the global market, not just as a currency but as a symbol of economic might. It’s the Brad Pitt of the currency world – always in the spotlight and a favorite among traders.

Economic Background

The USD mirrors the economic stability and performance of the United States, the world’s largest economy. Its strength is backed by the country’s robust economic indicators, technological advancements, and military prowess. In the international trade arena, the USD is the heavyweight champion, flexing its muscles as the primary reserve currency held by central banks and financial institutions worldwide. It’s like the school’s most popular kid that everyone wants to be friends with.

Major Economic Indicators:

  • GDP: Largest in the world.
  • Inflation Rate: Generally stable, with target around 2%.
  • Unemployment Rate: Varies, generally low compared to global standards.

Forex Market Analysis

In the Forex market, the USD is the king of liquidity. It’s involved in about 88% of all currency trades, according to the 2019 Triennial Central Bank Survey. The USD pairs up with several currencies, but its major dance partners include the Euro (EUR/USD), Japanese Yen (USD/JPY), and British Pound (GBP/USD). It’s like the most sought-after dancer at the Forex ball.

Major Currency Pairs:

  • EUR/USD
  • USD/JPY
  • GBP/USD
  • USD/CHF
  • AUD/USD
  • USD/CAD

Factors Influencing the Currency Value

The value of the USD is a rollercoaster ride, influenced by a myriad of factors. Key economic indicators like GDP growth, inflation, and employment data are the usual suspects. But let’s not forget the political theater in Washington D.C., where policy decisions and even Presidential tweets can send traders on a wild goose chase.

Key Influencers:

  • Economic Indicators: GDP, inflation, employment data.
  • Political Stability: Federal policies, international relations.
  • Central Bank Policies: Interest rate decisions, quantitative easing.

Comparison with Other Major Currencies

In the currency Olympics, the USD often takes the gold. It’s the measuring stick against which others like the Euro (EUR), British Pound (GBP), and Japanese Yen (JPY) are compared. But even champions have their off days, and the USD is no exception, especially when pitted against the safe-haven currencies like the Swiss Franc (CHF) during global uncertainties.

Performance Comparison:

Currency Pair YTD Change
EUR/USD X%
GBP/USD Y%
USD/JPY Z%

Risks and Opportunities for Traders

Trading the USD is not for the faint-hearted. Its volatility can turn what seems like a smooth sail into a tempestuous storm. However, for the savvy trader, volatility spells opportunity. The key is to keep an eye on the economic calendar and news, ready to catch the golden goose of market movements.

Trading Tips:

  • Volatility: Expect and plan for it.
  • Economic Calendar: Stay informed about key data releases.
  • News: Monitor global events affecting the USD.

Recent News and Developments

Recent global events, like trade wars and pandemics, have tossed the USD like a ship in a storm. Yet, it often emerges as a safe harbor when other currencies are taking on water. Looking into the crystal ball, traders speculate on the effects of upcoming elections, policy changes, and economic recoveries, always with one eye on the horizon for the next big wave.

Conclusion and Personal Insight

In the world of Forex trading, the USD is the main character in an ongoing drama. It’s essential to respect its power but also to understand its whims. A good trader knows when to hold ’em, when to fold ’em, and when to go all-in on the greenback. Remember, in Forex, fortune favors the bold, but only when tempered with wisdom and a keen eye on the ever-changing tides of the USD.

United States dollar Frequently Asked Questions and Answers

The United States dollar (USD), originating from the Coinage Act of 1792, has a rich history and has evolved significantly over the centuries. Its significance lies in its transformation from physical coins to a predominant digital presence in global finance. The USD is not just a currency but a symbol of economic strength, akin to a celebrity in the financial world.

The USD’s value and stability are direct reflections of the United States’ economic performance. As the world’s largest economy, the U.S. boasts robust economic indicators, technological advancements, and military strength, all of which underpin the dollar’s strength. Its economic stability makes it a heavyweight in international trade and a primary reserve currency globally.

In the Forex market, the USD is paramount, involved in approximately 88% of all currency trades. It’s known for its high liquidity and is a part of major currency pairs like EUR/USD, USD/JPY, and GBP/USD. The USD is likened to a popular dancer, sought after by many currencies in the Forex ‘dance’.

The value of the USD is influenced by a variety of factors, with key economic indicators like GDP growth, inflation, and employment data being primary. Additionally, political stability and decisions in the U.S., including federal policies and international relations, along with the Federal Reserve’s monetary policies, significantly impact its value.

In the realm of major currencies, the USD often outshines others like the EUR, GBP, and JPY, though its performance can vary. It is a standard for comparison in the Forex market, often likened to an athlete in the currency Olympics, showcasing its strength and resilience even during global uncertainties.

Trading the USD comes with its share of volatility, which can pose risks but also offer lucrative opportunities for the well-informed trader. Staying abreast of economic calendars and global news is crucial for navigating the USD’s fluctuations and capitalizing on its movements in the Forex market.

Recent events like trade wars and global health crises have significantly impacted the USD, often reinforcing its status as a safe-haven currency during times of uncertainty. Future predictions for the USD hinge on various factors, including U.S. elections, policy changes, and global economic recoveries, making it a dynamic and closely watched currency in Forex trading.

Traders should respect the USD’s power and understand its fluctuations. Successful trading involves a balance of boldness and wisdom, with a keen eye on economic indicators, political events, and global news that could affect the currency. The mantra for USD traders is to be informed, adaptable, and strategically proactive.