US dollar forecast: Forex events that will rock currencies ► focusing on major events and especially on publications in the US, moving the US dollar (greenback). Here is some general information. Scroll down for the latest US dollar outlook
USD and forex general characteristics
The United States Dollar is the reserve currency of the world. The dollar is the currency of choice for oil prices as well as other commodities. Foreign exchange pairs are divided into majors, minors, and crosses. Both majors and minors include the USD.
US events influence currencies more than any other event. The decisions and statements of Federal Reserve officials and economic developments in the US make the biggest waves. The US economy is the biggest in the world.
The outlook consists of mostly US economic events but also key market-moving figures from other major economies. The euro-zone, the UK, and Japan stand out.
Recent USD Moves
The US dollar enjoyed a strong rally following the election of Donald Trump. The Federal Reserve had already begun raising rates on the background of an improving economy. The fiscal stimulus that the new President promised supported the greenback. The upwards move was compounded by an upbeat outlook by Fed Chair Yellen.