Dollar Index

Currency

Definition

A weighted measure of the US Dollar's value against a basket of six major foreign currencies (EUR, JPY, GBP, CAD, SEK, CHF), providing a broad gauge of USD strength in global markets.

Key Points

Weighted basket of 6 major currencies
Strong dollar can hurt US exports
Affects commodity prices and emerging markets

Examples

DXY at 105 indicates strong dollar

Rising DXY often pressures gold prices

Quick Info

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