U.S. Dollar Index Future (USDX)
U.S. Dollar Index Future (USDX) News
USDX is an index that tracks the ratio of the US dollar to a basket of six major world currencies.
It is calculated as the geometric mean. The specific weights of the currencies in the index are as follows:
Euro – 57.6%;
Yen – 13.6%;
Pound sterling – 11.9%;
The Canadian dollar is 9.1%;
Swedish krona – 4.2%;
Swiss franc – 3.6%
CFD on the dollar index may be of some interest to traders who closely monitor the state of the US economy and the monetary policy of the FRS and are ready to trade the dollar irrespective to other currencies.
The tool can also be perceived as a "quiet haven", buying and selling during the growth and decline in the demand for protective assets.