US DOLLAR INDEX NEWS - FXSTREET


USD index: Recovery appears capped ahead of 93.60

The US dollar, when measured against a basket of six major currencies, traded largely subdued almost throughout the Asian session, although managed to derive some support from a positive tone seen around the US Treasury yields across the time horizon.


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2. Technical Overview

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3. Fundamental Overview

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4. Big picture

Comparative chart

The performance of the U.S. Dollar Index (orange line) since December 2015, compared to the performance of the S&P 500 stock index (green line), the Spot Gold price (brown line) and the Dow Jones Utilities Average, a proxy for the U.S. 10-Year Treasuries. Zoom on the chart to get more history.


BULLISH PERCENT INDEX

The Bullish Percent Index measures how strong a currency is against a basket of other 20 currencies.

For each of these currencies a cross rate is calculated and plotted on a price and figure chart.

It then evaluates how many of these crosses are on bullish mode.

The percentage indicates how bullish that currency was against all the other 20, as of yesterday's close.


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Dollar Index, USDX

The US Dollar Index (USDX) 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 US trade partners' currencies. These currencies are the Euro (constituting 57.6% of the weighting), Japanese Yen (13.6%), British Pound (11.9%), Canadian Dollar (9.1%), Swedish Krona (4.2%) and Swiss Franc (3.6%).
The index started in 1973 with a base of 100.000, and values since then are relative to this base. For example, if the current reading says 99.800, this means that the dollar has fallen 0.2% since the start of the index (99.800 - 100.000). In terms of strategy, the Dollar Index is widely used to hedge risk in the currency markets or to take a position in the US Dollar without having the risk exposure of a single currency pair. 

HISTORIC HIGHS AND LOWS FOR DOLLAR INDEX

  • All-time records: Max: 211799.99 on 01/03/2017 - Min: 28.00 on 08/08/1896
  • Last 12 months (March 2016-March 2017): Max: 21799.99 on 01/03/2017 - Min: 15450.06 on 20/01/2016
  • Last 5 years (March 2011-March 2016): Max: 21799.99 on 01/03/2017 -  Min: 12035.01 on 05/06/2012

ORGANIZATIONS, PEOPLE AND ECONOMIC DATA THAT INFLUENCE DOLLAR INDEX

The US Dollar Index news can be seriously affected by the decisions taken by this organizations and people:

  • Fed, the Federal Reserve of the United States whose president is Janet Yellen. The Fed controls the monetary policy, through active duties such as managing interest rates, setting the reserve requirement, and acting as a lender of last resort to the banking sector during times of bank insolvency or financial crisis.
  • The US Government (and its President Donald Trump): events as administration statements, budget, new laws and regulations or fiscal policy can increase or decrease the value of the Dollar Index.
  • The US Treasury Dept that defines its role as “the steward of U.S. economic and financial systems, and as an influential participant in the world economy.” Its President is Steven Mnuchin.
  • US GDP (Gross Domestic Product), the total market value of all final goods and services produced in the United States of America. It is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the Dollar Index, while a low reading is negative.

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The US Dollar Index

When I write the Online Trading Academy Forex newsletter, I give my opinion about what I believe is happening to the currencies of the world based on the news I hear, the experts I follow, and my personal experiences of the economic cycles I have seen in the past. This fundamental information helps me understand what reports and indicators the economists of the world believe will shape future events.

A Look at the US Dollar Index

Over the last few months especially, there’s been a lot of focus in the world of Currency Trading upon the state of the US Dollar. No matter what your opinion is of the Greenback, it is still, without question, regarded as the world’s primary reserve currency and holds its weight of recognition across the board.