Dollar edges higher as markets eye U.S. jobs report quoting : "Nasdaq Stock Market"

In this short timeline of monetary history in the 20th century, we look at major events, the change in money supply, and the buying power of the U.S. dollar in each decade. The Changing Value of a DollarAt the turn of the 20th century, the money supply was just $7 billion. The buying power of a dollar has changed significantly over the last century, but it's important to recognize that it could change even faster (up or down) under the right economic circumstances. In the long-term, a currency tends to lose buying power over time through inflation, and as more currency units are created. 1910sThe Federal Reserve Act is signed in 1913 by President Woodrow Wilson.


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The report also showed that industrial production fell 0.7% in February, compared to forecasts for a 0.2% increase. The Australian dollar was weaker, with AUD/USD down 0.20% at 0.7531, while NZD/USD was little changed at 0.6969. U.S. President Donald Trump said on Thursday he ordered missile strikes against a Syrian airfield from which a deadly chemical weapons attack was launched. Market participants were also looking ahead to the U.S. nonfarm payrolls report, due later Friday, a day after the release of upbeat jobless claims data. Elsewhere, GBP/USD fell 0.26% to 1.2436 after the U.K. Office for National Statistics said manufacturing production fell 0.1% in February, compared to expectations for a gain of 0.2% and following a decline of 1.0% in the previous month.


collected by :John Miller

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