U.S. Dollar Index (USDX)
A relative valuation of the currency issued by the United States against to the value of a basket of currencies issued by its largest trading partners. The U.S. dollar index (USDX) was initiated in 1973 and USDX futures can be traded. Also, the USDX is used by many forex market commentators to communicate a rise or fall in the overall value of the U.S. currency. The Index's reference basket is composed of the Euro, the Japanese Yen, the Canadian Dollar, the UK Pound Sterling, the Swedish Krona and the Swiss Franc.
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