US Dollar Index (USDollarIndex®, i.e. USDX), is a comprehensive cashbackforexpipcalculatordicator of the cashbackforexprofitcalculator rate of the US forexcashbackprofitcalculator in the international foreign exchange market, used to measure the degree of change in the exchange rate of the US dollar against a basket of currencies It measures the strength of the US dollar by calculating the combined rate of change of the US dollar cashback forex profit calculator against a selected basket of currencies, thus indirectly reflecting the competitiveness of US exports and cashback forex USDollarIndex (USDX) is similar to the DowJonesIndustrialAverage, which shows the aggregate status of U.S. stocks. The New York Cotton Exchange (NYCE) was established in 1870 by a group of cotton merchants and brokers, and is now the oldest commodity exchange in New York and the most important cotton futures and options exchange in the world. The USDX uses the same foreign currencies and weights as the U.S. Federal Reserves U.S. Dollar Transaction Weighted Index (USDX) because the USDX is based on a foreign exchange quotation indicator only, so it may vary due to the use of different data sources The USDX is calculated by reference to the geometric mean weighted value of changes in the exchange rates of 10 major currencies against the U.S. dollar in March 1973, and is based on The USDX is calculated by reference to the geometric average weighted value of the change in the exchange rate of 10 major currencies against the U.S. dollar in March 1973, using 100.00 points as a benchmark to measure its value, e.g., a quotation of 105.50 points means that its value has increased by 5.50% since March 1973. March 1973 was chosen as the reference point because it was a historic moment in the turnaround of the foreign exchange market, when the major trading nations allowed their currencies to float freely against the currency of another country. The Smithsonian Institution in Washington, D.C., symbolized the triumph of free trade theorists when the Smithsonianagreement replaced the unsuccessful Bretton Woods agreement of 1944 in New Hampshire, USA. The New York Cotton Exchange (NYCE) was established in 1870 by a group of cotton traders and brokers and is now the oldest commodity exchange in New York and the worlds most important cotton futures and options exchange. In 1985, the New York Cotton Exchange set up a financial department to formally enter the global financial commodity market, the first launched is the U.S. dollar index futures Impact USDX is a comprehensive reflection of the U.S. dollar in the international foreign exchange market exchange rate indicators, used to measure the degree of change in the U.S. dollar against a basket of currencies it is calculated by the U.S. dollar and the combined rate of change against a selected basket of currencies, to measure the strength of the dollar It measures the strength of the dollar by calculating the combined rate of change of the dollar and a selected basket of currencies, thus indirectly reflecting the competitiveness of U.S. exports and changes in the cost of imports A rising dollar index means that the ratio of the dollar to other currencies has risen, which means that the dollar has appreciated, then the major international commodities are denominated in dollars, then the corresponding commodity prices should fall The appreciation of the dollar is good for the whole economy of the country, raising the value of its currency and increasing its purchasing power, but it also has an impact on some industries, such as For example, in the export industry, a stronger currency raises the price of exported goods and therefore has an impact on the exported goods of some companies if the U.S. index falls. Calculation Principle USDX futures are calculated on the basis of the trade settlement volume between major countries and the U.S. in a weighted manner to calculate the overall strength of the U.S. dollar, with 100 points as the dividing line between strength and weakness at After the introduction of the euro on January 1, 1999, the underlying of this futures contract was adjusted and reduced from 10 countries to 6 countries, and the euro jumped to become the most important and heavily weighted currency, with a weight of 57.6%, so the fluctuations of the euro have the greatest impact on the strength of the USDX Currency Index Weight (%) Euro 57.6 Yen 13.6 British Pound 11.9 Canadian Dollar 9.1 Swedish Krona 4.2 Swiss Franc 3.6 The current USDX level reflects the average value of the US dollar relative to the 1973 benchmark so far, the dollar index has risen as high as 165 points and fallen below 80 points. times; EURUSD(-0.576)× USDJPY(0.136)× GBPUSD(-0.119)× USDCAD(0.091)× USDSEK(0.042)× USDCHF(0.036); Note: (Parentheses are times, not arithmetic multiplication) The Wall Street Journal presents the Wall Street Journal Dollar Index Just how much is the dollar valued? This seems to be a difficult question to quantify, and while the traditional dollar index (i.e., the ICE Dollar Index) has provided a generalized answer to this question, the Wall Street Journals recently launched Wall Street Journal Dollar Index previously provided a different answer to this question The traditional ICE Dollar Index has fallen 0.21% in the first two weeks of 2013, and there is no doubt that the significant strength of the euro has been the The main driver of the weakening of the ICE Dollar Index, as the euro has a weighting of 60% in the ICE Dollar Index, explains the dollars decline: ECB President Mario Draghis speech dampened market expectations that the ECB would cut interest rates In contrast, the Wall Street Journal Dollar Index, compiled by the Wall Street Journal not long ago, rose by 0.11% during the year. In the process of compiling the index, the euro is the most heavily weighted currency, but with a weight of only 40%, while the yen was able to increase its weight (about 20%), which explains the higher WSJ Dollar Index The WSJ Dollar Index, which was launched in mid-2012, uses foreign exchange volume to weight the currencies, and the volume data comes from the Bank for International Settlements (BIS), which publishes every three years Foreign Exchange Survey (including capital flow data), which corresponds to the indexs three-yearly adjustment of currency weights to reflect the latest trading volumes