US Dollar Index

US Dollar Index Profile

USDX was founded in March 1973, shortly after the Bretton Woods system was dismantled. The US Dollar Index began with a value of 100,000. Since then, it has fluctuated between highs of 164.7200 in February 1985 and lows of 70.698 on March 16, 2008.

The US Dollar Index, abbreviated DXY, is used by investors to determine the value of the US dollar in relation to a basket of currencies used by US trading partners. The Index will increase in value if the Dollar is strong against these currencies and decrease in value if the Dollar weakens against them. Prepare your technical analysis of the US Dollar Index by following its price on the chart and staying current with market headlines, guidance articles, and the dollar index prediction.

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US Dollar Index Trading - FAQs

What is the US Dollar index?

The US Dollar Index is a measure of the value of the US dollar in relation to a basket of foreign currencies, sometimes referred to as a basket of currencies of the United States' trading partners. The Index increases in value as the United States dollar acquires "strength" in relation to other currencies.

Where Can I Find a Trusted Forex Broker to Trade US Dollar Index?

Index CFDs, including the US Dollar Index, are available via FP Markets, which provides access to key stock indices across the world with competitive leverage on world-class trading platforms. Index contracts for difference (CFDs) are a terrific method to engage in the world's most major stock markets online. It is possible to trade CFD index futures with FP Markets. Visit this page to see the complete list of indexes.