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Dollar exchange rate today: USD seems to be rallying on up-days in the stock market

16:15 | 07/04/2020

The US Dollar exchange rate seems to be rallying on up-days in the stock market, and Monday was no different as it handled the Euro and Japanese Yen nicely. With the Federal Reserve printing a ton of money, investors seem reluctant to go all-in on the greenback; however, as “fighting the Fed” has been a tough strategy in the past (reported Exchangerates)

US Dollar (USD) Exchange Rates

The US Dollar is the currency of United States. Our currency rankings show that the most popular United States Dollar exchange rate is the USD to EUR rate. The currency code for Dollars is USD, and the currency symbol is $

News on April 7 said that with the Federal Reserve printing a ton of money, investors seem reluctant to go all-in on the greenback; however, as “fighting the Fed” has been a tough strategy in the past. This point of view is confirmed by ING’s observations that Dollar positioning still remains very neutral,

“We highlighted how speculators’ stance on the dollar (according to CFTC data) had not moved in line with the recent dynamics in the spot market. This week, data up until 31 March shows that USD aggregate positions vs. G7 currencies (i.e., G10 excluding the Norwegian krone and Swedish krona) are still in neutral territory, and at the bottom of the 5Y 1 s.d. band

Below, you'll find US Dollar rates and a currency converter:

dollar exchange rate today usd seems to be rallying on up days in the stock market
US Dollar exchange rate on April 7 on Exchangerates.org (Photo: exchangerates)

This Euro to Dollar conversion tool allows you to compare the live inter-bank currency rate with competitive travel money exchange rates available within the foreign exchange markets.

dollar exchange rate today usd seems to be rallying on up days in the stock market
US Dollar exchange rate to Eur on April 7 on Exchangerates.org (Photo: exchangerates)

TOP 10 CURRENCIES AND US DOLLAR EXCHANGE RATES TABLE

dollar exchange rate today usd seems to be rallying on up days in the stock market
(Photo: x-rates)

Dollarization of the USD

Due to its international acceptance, some countries like Panama and Ecuador use the USD as an official legal tender, a practice known as dollarization. For other countries the Dollar is an accepted alternative form of payment, though not an official currency for the country. Multiple currencies are pegged to the US Dollar:

Country Peg Rate
Aruban or Dutch Guilder 1.79000
Bahamian Dollar 1.00000
Bahraini Dinar 0.37690
Barbadian Dollar 2.00000
Belizean Dollar 2.00000
Bermudian Dollar 1.00000
Cayman Island Dollar 0.82000
Cuban Convertible Peso 1.00000
Djiboutian Franc 177.721
Dutch Guilder 1.79000
East Caribbean Dollar 2.70000
Eritrean Nakfa 15.0000
Hong Kong Dollar 7.80000
Jordanian Dinar 0.70900
Lebanese Pound 1507.50
Omani Rial 0.38450
Panamanian Balboa 1.00000
Qatari Riyal 3.64000
Saudi Arabian Riyal 3.75000
United Arab Emirati Dirham 3.67250
Venezuelan Bolivar 6.30000

Dollar Exchange Rates into Vietnamdong (VND) by Vietnam Commercial Bank (Vietcombank)

dollar exchange rate today usd seems to be rallying on up days in the stock market

Tarah Nguyen

VNT