The U.S. dollar is the national currency of the United
States of America (USA) and also an accepted currency in many places.
The exchange rate EUR / USD is the current ratio of euro to
U.S. dollar, expressed in U.S. dollars at.
The U.S. dollar is seen as a world reserve currency. For it
is the world's dominant trade and reserve currency. Commodity prices are
largely priced in U.S. dollars, indicating the importance of this currency for
other nations. Increases the dollar more expensive, the raw materials for other
currencies. How economies respond sensitively to shows, especially the oil
price.
Until 1971 there was for the dollars of so-called gold
standard, ie you could convert U.S. dollars for gold at any time in a certain
ratio. Sun corresponded to 1933 35 U.S. dollars the value of one troy ounce of
gold. Due to the ever-growing money supply could not be a gold cover were
sustained, so the U.S. dollar has long been an unmet currency.
With the introduction of the euro, the U.S. dollar has given
in his role as a world reserve currency strong competition. The euro, the
common currency, the euro-zone, official and common currency of 23 nations. If
you compare the historic high of $ 0.8252 per dollar from € (October 2000) with
the price levels since the Lehman crisis, competition from the euro clearly.
The dollar decline is correlated with the low interest rate policy of the Fed,
the Federal Reserve.
Fact
and trivia of the U.S. dollar is a floating exchange rate system to reason, so
that neither the Fed nor the European Central Bank may take an active influence
on the share price.
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