An introduction to the U.S. dollar index (DXY)

Posted in Forex
EC-409 An introduction to the U.S. dollar index (DXY)-HERO

The U.S. Dollar Index (DXY) is a vital tool for traders and investors who want to track the performance of the U.S. dollar against a basket of major global currencies. In this article, we’ll explore what the DXY is, what it consists of, why it moves, and how traders can use it to gauge dollar strength or analyse macroeconomic trends.

1. Background of the USD Index

2. Current day usage of the DXY

3. Composition of the DXY

4. Interpreting the DXY

5. Factors influencing the DXY

6. Why does the DXY matter?

7. Closing notes