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Frequently Asked Questions

What does Dollar Index measure?

The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading partners. This index is similar to other trade-weighted indexes, which also use the exchange rates from the same major currencies.

What is the Dollar Index (dxy)?

The U.S. Dollar Index (USDX, DXY, DX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies.

What currency is used in USD?

USD is the abbreviation of United States Dollar and is the official currency of the United States. It is also known as the greenback or the buck and is the world's primary reserve currency.


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