US Dollar Index®-About USDX
Dollar IndexU.S. Dollar Index (US Dollar Index ®, which USDX), similar to that the United StatesStockComprehensive state of the Dow Jones Industrial Average (Dow Jones Industrial Average), is a comprehensive reflection ofU.S. DollarIn the international foreign exchange marketRateOf indicators used to measure the dollar against a basket of currencies degree of exchange rate changes. It is selected by calculating the dollar and a comprehensive package of changes in currency rates, to measure the extent of dollar strength, which indirectly reflects the competitiveness of U.S. exports and imports cost movements.
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U.S. Dollar Index - origins
U.S. dollar index is not from the Chicago Board of Trade (CBOT) or the Chicago Mercantile Exchange (CME), but from the New York Cotton Exchange (NYCE). New York Cotton Exchange was established in 1870, initially by a group of cotton, composed of traders and brokers, is currently the oldest commodity exchange in New York is also the world's most important cotton futures and options exchange. In 1985, the New York Cotton Exchange set up a financial sector, entered the global financial commodity markets, the first project launched is the U.S. dollar index futures.
U.S. Dollar Index - impact
U.S. dollar index is a comprehensive reflection of the dollar in internationalThe foreign exchange marketThe exchange rate of indicators used to measure the dollar against a basket of currenciesRateThe degree of change. It is selected by calculating the dollar and a comprehensive package of changes in currency rates, to measure the extent of dollar strength, which indirectly reflects the competitiveness of U.S. exports and imports cost movements.
U.S. dollar index rose, indicating the U.S. dollar and other currencies that the dollar rose to parity, then the major international commodities are priced in dollars, then the corresponding decline in commodity prices should be. Dollar on the country's overall economic benefit to enhance the value of their currencies to increase enough to buy power. But for some industries also have an impact of, for example, import and export trade, currency appreciation will raise the prices of export commodities, and therefore some impact on the company's exports. If the United States means the decline and vice versa.
U.S. Dollar Index - Calculation principles
U.S. Dollar Index ChartU.S. dollar index is a reference to March 1973 6 kinds of currencies against the U.S. dollar change in the geometric meanWeightedValues calculated, and to 100.00 points as a benchmark to measure its value, such as 105.50 points, quotations, is from the March 1973 its value has been increased by 5.50%.
USDX the current level of reflection of the dollar relative to the benchmark average in 1973. To the present date, the dollar index has been rising to 165 points, also had 80 points as low as below. The change in properties has been widely available in the quantity and the rate of change with the futures on stock indexes for comparison.In March 1973 was selected as a reference point because at that timeThe foreign exchange marketTurning a historic moment. Since then the major trading nations allowed their currencies to freely float with another country's currency for quotes. The agreement is in Washington, Smithsonian Institute (SmithsonianInstitution) reached, symbolizing the victory of free trade theorists. Smithsonian Agreement (Smithsonianagreement) replaced about 25 years ago in New Hampshire (NewHampshire) Bretton Woods (BrettonWoods) is not reached by the success of the fixed exchange rate regime. U.S. dollar index futures based on the calculation of the principles of the world's major countries and the volume of trade settlement between the United States-based, U.S. dollar-weighted method to calculate the overall strength of the extent and strength of the line of 100 points. In the January 1, 1999EuroAfter the introduction of the subject matter of this futures contract has been adjusted from 10 countries was reduced to six countries, the euro became the most important,WeightThe largest currency, its share reached 57.6% weight, so the volatility of the euro against the U.S. dollar index of the strength of the greatest impact.
Currency index weighting (%)
Euro57.6
Japanese Yen13.6
British Pound Sterling11.9
Canadian Dollar9.1
SEK 4.2
Swiss Franc3.6
