Greenback

In forex trading, the term greenback is used to denote the U.S. dollar.

The term originates from the green print on the back side of the banknotes of a fiat currency first issued by the Unionist Government of the United States to finance the civil war.

The term greenback is also widely used in reference to the U.S. dollar outside of forex trading.

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Saxo Bank Special Offer

  • Special offer: Reimbursement of brokerage fees up to CHF 200 for 90 days

  • Licensed Swiss bank (FINMA)

  • Free expert research and trading signals

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  • Leading Swiss online bank with FINMA license

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  • Access to more than 3 million products (shares, ETFs, crypto and more)

Online private account

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  • 50 CHF welcome gift

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Editor Daniel Dreier
Daniel Dreier is editor and personal finance expert at moneyland.ch.