U.S. Dollar


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U.S. Dollar

The currency of the United States. First issued in 1792, it is the currency used most often in international transactions. After World War II, most world currencies were pegged to the dollar, which was pegged to gold. In 1971, the dollar became a fiat currency. Nevertheless, many currencies are still pegged to the dollar, and it is one of the most important reserve currencies in the world.
References in periodicals archive ?
Hsiao Tzu-ang, president of SinoPac Financial Holding, explained that carry trade in the global market usually refers to the borrowing of low-interest Japanese yen for re-depositing in higher-interest currency assets, such as Australian dollar, U.S. dollar, or euro.
Before May, the currency system had prevented the Hong Kong dollar from falling below 7.80 to the U.S. dollar.
Of course, this optimistic forecast assumes that the Canadian dollar will stabilize and perhaps drop against the U.S. dollar. A further increase in the Canadian dollar would likely derail this scenario, and higher energy prices also threaten profitability.
"The pegging of the Chinese currency, the yuan, to a fixed rate of exchange with the U.S. dollar has acted to encourage exports of semi-fabricated mad fabricated products of copper and copper alloys from China to the United States," the group states.
The foreign exchange markets, however, have not priced into the exchange rates these consensus forecasts for a simple reason: there is widespread disagreement about the future course of inflation/deflation rates in the U.S. dollar area.
Although the chalet's fair market value did not appreciate in the two years that N owned the chalet, the home increased in value in terms of the strength of the U.S. dollar. In Example 1, the Sec.
As a result, some Japanese investors have been attracted to U.S. dollar securities and U.S.
The increased demand for payment services is explained partly by the extensive reliance throughout the world on the U.S. dollar as a reserve currency and as a vehicle currency in foreign transactions.
The Manila-based lender said Sri Lanka will get a dual-tranche loan amounting to 300 million U.S. dollars. ADB said the loan will help boost Sri Lanka's use of clean energy and cut its reliance on petroleum oil.
A weakening of the U.S. dollar was unavoidable given the United States' record current account deficit.
* Many members suggested eliminating the U.S. dollar income statement and balance sheet reporting, except for entities subject to DASTM or those using the U.S.

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