How to Trade Forex Using the Dollar Index in Camden
What is the US Dollar Index? The U.S Dollar Index or USDX is a weighted average of a basket of multiple currencies. The basket represents the largest Forex major currencies. The currencies include the Euro, British Pound, Canadian Dollar Yen, Sweedish Krona and Swiss Franc. The currency given the greatest weight is the Euro which typically makes up over half of the total weight. The next significantly lower weight is the Yen, followed by the British Pound, Canadian Dollar, Sweedish Krona and finally the Swiss Franc. To read more please visit our website blog.