USD (US Dollar)
ForexDefinition
The US Dollar (USD) is the world's primary reserve currency and is involved in the majority of global forex transactions. It serves as the benchmark for most currency pairs and commodities. The USD is influenced by Federal Reserve policy, US economic data, and global risk sentiment.
Example in context
Because most commodities like oil and gold are priced in USD, a strengthening dollar often causes commodity prices to fall as they become more expensive for holders of other currencies.
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