|bloomberg dxy dollar index||0.83||0.4||6193||100|
The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies. (DXY) originally was developed by the U.S. Federal Reserve in 1973 to provide an external bilateral trade-weighted average value of the U.S. dollar against global currencies.What is the Bloomberg dollar spot index (bbdxy)?
The Bloomberg Dollar Spot Index (BBDXY) tracks the performance of a basket of 10 global currencies against the U.S. dollar. Its composition is updated annually and represents a diverse set of currencies that are important from a global trade and liquidity perspective.What does dxy stand for?
The DXY (pronounced either D-X-Y or "dixie") is the ticker symbol for the US Dollar Index, a measure of the value of the US Dollar versus a basket of foreign currencies, first instituted in March of 1973 at a level of 100.What is the difference between dxy and bbdxy?
BBDXY is more dynamic. Unlike the DXY’s static composition, BBDXY is dynamic, with an annual rebalancing process that captures the changing state of currency markets. This results in the index that includes important currencies (like the Australian dollar) that rank higher in liquidity and trading versus the Swedish krona.