Dollar Index

The U.S. Dollar Index Chart What It Means For Forex Trading

The U. S. Dollar Index is an index for currency traders, and it consists of a geometric weighted average of a basket of foreign currencies against the United States Dollar. The U.S. Dollar Index, just like stock indexes, provides a general indication of the value of a basket of securities. In this case the basket holds securities that consist of other major world currencies.

The U.S. Dollar Index has a basket that consists of six foreign currencies. These… Continue reading