What Is the U.S. Dollar Index? Definition & How to Calculate

What is the US Dollar Index?

The US Dollar Index measures the dollar’s performance against a basket of currencies. The index, abbreviated USDX, contains six currencies: the euro, the Japanese yen, the pound sterling, the Canadian dollar, the Swedish krona and the Swiss franc. A rise in the index would indicate that the dollar has appreciated relative to other currencies, while a fall would indicate a depreciation.

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