US Dollar overview

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792. For most practical purposes, it is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting purposes. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U.S. dollar is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U.S. dollar coins (such as the Sacagawea or presidential dollar). As of June 27, 2018, there are approximately $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes (the remaining $50 billion is in the form of coins).

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US Dollar news

Rupiah strengthens to Rp 14,594 per US dollar on Friday

The rupiah on Friday was quoted at Rp 14,594 per United States dollar, up 1.15 percent from its position on Thursday, according to the Jakarta interbank spot dollar rate (JISDOR).

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Pound US dollar exchange rate: GBP relief from sell-off, but more volatility expected

THE pound US dollar exchange rate has rallied 0.3 per cent this morning, propelling the pairing back above $1.28 after it slipped yesterday.

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Ringgit higher against US dollar in early session
Ringgit higher against US dollar in early session

KUALA LUMPUR: The ringgit was higher against the US dollar this morning as some traders decided to take profit against the greenback. At 9.06 am, the ringgit stood at 4.1930/1970 versus the US dollar from 4.1945/1975 at close yesterday.

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Pound-to-Dollar Outlook: GBP/USD Trends -1.7% Lower As Sterling & UK Shares Hit By Brexit Chaos

Pound-to-Dollar Exchange Rate Plunges Ahead of US Retail Sales

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India rupee latest: INR continues to appreciate against US dollar on lower oil prices

INDIA has continued to be boosted by lower oil prices as the rupee remained in a stabilised position against the US dollar.

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US Dollar Price Action Setups: EUR/USD, USD/CNH, NZD/USD

The US Dollar is holding ground despite the growing backdrop for weakness in the currency across a number of pairs. The Euro, meanwhile, has its

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Pound US dollar exchange rate: GBP sinks against USD as Dominic Raab resigns

THE pound is very volatile today, with a barrage of negative political and economic news causing Sterling to trade at a rate of $1.278

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