Description. The ICE U.S. Dollar Index (USDX) futures contract is a leading benchmark for the international value of the US dollar and the world's most widely-recognized traded currency index. In a single transaction the USDX enables market participants to monitor moves in the value of the US dollar relative to a basket of world currencies,...What is the US dollar index?
The index is maintained and published by ICE (Intercontinental Exchange, Inc.), with the name "U.S. Dollar Index" a registered trademark. It is a weighted geometric mean of the dollar's value relative to following select currencies: Euro (EUR), 57.6% weight. Japanese yen (JPY) 13.6% weight. Pound sterling (GBP), 11.9% weight.How does the ice USDX compare to the Fed's indexes?
Yet for all of the differences in weighting and composition, the ICE USDX futures contract and cash index matches the Federal Reserve’s trade-weighted index of major currencies very closely. Its r2, or percentage of variance explained, is .933 with the deviations occurring in four distinct periods.Is it legal to use the US dollar index?
Any use whatsoever of the U.S. Dollar Index, it’s formulation, components, weightings, values and/or methods of calculation, or of the ICE Data Indices Trademarks, whether directly or indirectly, is strictly prohibited without the express written consent of ICE Data Indices, LLC. Market opens at 6:00 pm on Sunday for Monday’s trade date.