The United States dollar is a Federal Reserve Note and is the official currency of the United States and its overseas territories. Many countries use it as their de facto currency, while others use it as their official currency. The US dollar is the world’s most dominate reserve currency and is used in most international transactions. It is flat money which means that its value is derived from government regulation or law.
USD is unstoppable this week and especially today. Many strong triggers has been supporting the dollar since the beginning of the week.
Yesterday, the head of FOMC Yellen told that “gradual approach to hikes particularly appropriate in light of subdued inflation”.
Mrs. Yellen also made a very important hawkish comment: Fed should be wary of moving too ...
