U.S. Dollar Index

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US. Dollar Index ( USDX , DXY , DX ) is the index (or size) of the United States dollar relative value to the currency basket foreigners, often referred to as the currency basket of US trading partners. The index rises when the US dollar gains "strength" (value) when compared to other currencies.

Indexes are retained and issued by ICE (Intercontinental Exchange, Inc.), under the name "US Dollar Index" registered trademark.

This is the weighted geometric average of the dollar value relative to the following preferred currencies:

• Euro (EUR), 57.6% weight
• Japanese Yen (JPY) 13.6% by weight
• Pounds Sterling (GBP), 11.9% by weight
• Canadian Dollar (CAD), 9.1% weight
• Swedish Krona (SEK), 4.2% by weight
• Swiss franc (CHF) 3.6% by weight

Video U.S. Dollar Index

Histori

USDX began in March 1973, immediately after the demolition of the Bretton Woods system. Initially, the value of the US Dollar Index was 100,000. It has since been traded as high as 164.7200 in February 1985, and as low as 70,698 on March 16, 2008.

The making of the "basket" was changed only once, when some European currencies were inserted by the euro in early 1999. Some commentators say that the make-up of the "basket" is too late to be revised like China, Mexico. , South Korea and Brazil are the main trading partners currently not part of the index while Sweden and Switzerland continue as part of the index.

Maps U.S. Dollar Index

Quotes

ICE provides live feeds for Dow Futures and is published on various websites such as Bloomberg.com, Money.CNN.com, DollarIndex.org. USDX is updated every time the U.S. Dollar market open, from Sunday night New York City time (early Monday morning Asian time) for 24 hours a day to Friday afternoon local time in New York City.

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Trading

The index can be traded as a futures contract on the ICE exchange. It is also available indirectly in exchange-traded funds (ETFs), options, CFDs and mutual funds.

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See also

• Trade Weighted US Dollar
• Custom image rights
• Dow Jones FXCM Dollar Index
• Wall Street Journal Dollar Index

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References

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External links

• Quotes USDX

Source of the article : Wikipedia