The United States dollar (sign: $; code: USD) is the unit of currency of the United States and is defined by the Coinage Act of 1792 to be between 371 and 416 grains (27.0 g) of silver (depending on purity). The U.S. dollar is normally abbreviated as the dollar sign, $, or as USD or US$ to distinguish it from other dollar-denominated currencies and from others that use the $ symbol. It is divided into 100 cents (200 half-cents prior to 1857).Taken over by the Congress of the Confederation of the United States on July 6, 1785,[2] the U.S. dollar is the currency most used in international transactions.[3] Although U.S. dollar is a fiat currency, several countries use it as their official currency, and in many others it is the de facto currency.[4]

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Friday, April 3, 2009

US dollar mixed in Europe

LONDON (AP) - The U.S. dollar was mixed against other major currencies in European trading Friday morning. Gold rose.
The euro traded at US$1.3446, unchanged from late Thursday in New York.
Other dollar rates:
_99.85 Japanese yen, up from 99.64
_1.1338 Swiss francs, down from 1.1368
_1.2378 Canadian dollars, down from 1.2406
The British pound was quoted at US$1.4774, up from $1.4712.
Gold traded in London at US$901.50 per troy ounce, up from US$897.75 late Thursday.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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