U.S. currency
The US Dollar Isn't Going Anywhere: How Greenback Became the World's Currency
Before World War II, the British pound sterling was the most powerful currency of the world, due to the large number of colonies and dominions of the British Empire around the globe. Then, the US dollar has become the world's dominant reserve currency, with over 60% of global foreign exchange reserves held in dollars. The dollar's supremacy has been a defining feature of the global economy since the end of World War II. However, the dollar's ascent to its position as the world's reserve currency was not preordained.
Euro Has No Chance Against the Dollar |Daily Market Analysis
Key events: Eurozone - EU Leaders Summit USA - Nonfarm Payrolls (Sep) USA - Unemployment Rate (Sep) Canada - Employment Change (Sep) The European currency is slightly rising against the U.S. dollar during Thursday's session and is quoted near 0.9800. The pair EUR/USD is showing an upward trend after an active decline the day before, as a result of which the euro has renewed the local minimum at 0.9832.
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