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The US Dollar Index ($USD)

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Moderator: dr_sean Assistants: Ataglance2, jrbscrazy
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Last Post: 2/19/2017 9:13:39 AM - Followers: 10 - Board type: Free - Posts Today: 0

THE US Dollar What is the US Dollar Index®? Just as the Dow Jones Industrial Average provides a general indication of the value of the US stock market, the US Dollar Index (USDX®) provides a general indication of the international value of the US Dollar. Similar in many respects to the Federals Reserve Board's trade-weighted index, the USDX does this by averaging the exchange rates between the US Dollar and six major world currencies. USDX = 50.14348112 × EURUSD-0.576 × USDJPY0.136 × GBPUSD-0.119 × USDCAD0.091 × USDSEK0.042 × USDCHF0.036 These 17 countries (12 countries of the Euro zone plus the five other nations whose currencies are represented in the USDX) constitute the bulk of international trade with the United States, and have well-developed foreign exchange markets with rates freely determined by market participants. In addition, many currencies not included in the USDX move in close correlation with those that are included. The USDX is computed 24 hours a day, seven days a week. Currencies and weights used in the calculation of the USDX are the same as those used in the Federal Reserve Boards trade-weighted US Dollar Index. Since the USDX is based only on indications of foreign exchange rate values, it may occasionally differ from a value calculated using other data sources. The USDX is calculated as a geometric weighted average of the change in six foreign currency exchange rates against the US Dollar relative to March 1973. The USDX measures the dollar's general value relative to a base of 100.00. A quote of 105.50 means the dollar's value has risen 5.50% since this base period. March 1973 was chosen as a base period because it represents a significant milestone in foreign exchange history when the world's major trading nations allowed their currencies to float freely against each other. This agreement was reached at the Smithsonian Institution in Washington, DC and was a victory for free market theorists. The Smithsonian agreement replaced the unsuccessful fixed rate regime established approximately 25 years earlier at Bretton Woods, New Hampshire. The current level of the USDX reflects the average value of the dollar relative to this 1973 base period. Since that time, the Dollar Index has traded as high as the mid-160's and as low as the high-70's. Volatility of this instrument is comparable in range and variability to a broad-based, multi-capitalization stock index future. Where Money Comes from "The Creature From Jeckyyl Island" Currency-----------SYM----Weight Euro-------------------EUR----0.576 Japanese Yen------JPY----0.136 British Pound------GBP----0.119 Canadian Dollar---CAD----0.091 Swedish Krona----SEK----0.042 Swiss France------CHF----0.036 ............................................... .. USD chart w. RSI/MACD/ADX----------#msg-16021641 USD chart 3 years weekly---------------#msg-16021678 USD chart 3 years daily------------------#msg-16021690 USD chart monthly Frailey-------------#msg-16032248 USD chart weekly Frailey---------------#msg-16032303 USD chart weekly Frailey 2------------#msg-16032319 USD chart Ted Burge ~ fwiw----------#msg-25740127 IHUB Forex Traders Board - #board-5125 IHUB Interest Rates Board - #board-8697 U.S. Economy at a Glance - 2007 Economic Calendar - US dollar Index quotes - Daily dollar Index Report - US Dollar Index Trend Spotter News Parent Site to The Dollar Index - Sister Site to The Dollar Index -#board-5125 Sister Site to The Dollar Index -#board-5392 AtaGlance2 Charts
#167   The death is coming w/outlawing ca$h... phunny how Pro-Life 02/19/17 09:13:39 AM
#166   After "Currency Wars" Comes "The Death Of fiat $currencies" NYBob 11/07/13 05:54:16 PM
#165   $USD weeeeeeeee Penny Roger$ 11/06/13 02:24:52 PM
#164   Talk about being the underdog trade! NOBODY is deadjim 06/28/12 03:15:57 PM
#163   Dollar just got whacked!! True Blue 02/02/12 05:36:20 AM
#162   $USD st chart. Just now coming off the upn8th 01/20/12 05:24:25 PM
#161   when it looks like the sky is falling..... Ataglance2 07/01/11 03:14:12 AM
#160   Forget Greece, Watch This Chart ITMS 06/28/11 10:32:51 AM
#159   lol....... translucent like a get bored you look Ataglance2 11/19/09 10:19:40 PM
#158   Maybe it is just because I have been SherriT 11/15/09 05:49:26 PM
#157   Im surprised you really Ataglance2 11/07/09 09:54:23 AM
#156   I'm surprised this board doesn't catch more action SherriT 11/05/09 04:18:59 PM
#155   End the FED Atlanta: VIDEO - NYBob 11/24/08 05:45:20 PM
#154   The Dollar Does Matter - NYBob 08/25/08 12:22:15 PM
#153   re: we're on quarters so we're not done dr_sean 05/19/08 02:52:15 PM
#152   Fearless forecast below... frenchee 04/04/08 12:07:20 PM
#151   big day again today dr_sean 03/20/08 05:13:03 PM
#150   I have to think the IMF is starting Ataglance2 03/20/08 04:06:01 PM
#149   USD big past two days wonder if it dr_sean 03/20/08 10:27:14 AM
#148   w@gging a bottom on the USD$ between 60-70 dr_sean 03/16/08 12:15:53 PM
#147   lol a bit dr_sean 03/06/08 11:23:27 AM
#146   you on a W@Gsabatical? frenchee 03/04/08 09:52:50 PM
#145   maybe today was a bit of a bottom, dr_sean 01/07/08 04:03:18 PM
#144   I have plenty more where that came from... Ataglance2 01/04/08 04:43:57 PM
#143   Thanks for the useful link Ataglance2. frenchee 01/04/08 01:55:59 PM
#142   US Dollar Index Trend Spotter... Ataglance2 01/04/08 01:19:15 PM
#141   $USD ~ Ted Burge chart, fwiw dr_sean 01/04/08 12:35:25 PM
#140   Here's your short with a daily close > frenchee 01/03/08 09:53:31 PM
#139   just based on technicals, I'm guessing the dollar dr_sean 01/03/08 09:15:54 PM
#138   U.S. Dollars No Longer Accepted at Indian Tourist Sites jrbscrazy 01/03/08 07:39:10 PM
#137   Dollar fear sparks rush to oil and gold Ataglance2 01/03/08 07:45:45 AM
#136   notice the yen getting pretty cheap here...Was looking dr_sean 01/02/08 03:20:09 PM
#135   Commodities Rise, Led by Energy, Gold on Dollar Ataglance2 01/02/08 12:54:36 PM
#134   The US dollar continued to weaken after news Ataglance2 12/30/07 11:02:17 PM
#133   Dollar Posts Biggest Decline Versus Euro Since 2006 Ataglance2 12/30/07 02:26:50 AM
#132   "The currency will gain 3.4 percent to $1.40 Worn_Buffet 12/27/07 12:33:29 PM
#131   Dollar Strategists Forecast End of Bear Market, 3% Ataglance2 12/26/07 07:21:17 PM
#130   Hey Worny dr_sean 12/24/07 01:51:42 PM
#129   Merry Christmas! dr_sean 12/23/07 04:30:23 PM
#128   Well w/the exception of the last few days....this Worn_Buffet 12/23/07 04:23:44 PM
#126   US Dollar Bear 5 Ataglance2 12/23/07 04:00:04 PM
#125   Just wanted to say hello. help me 12/23/07 03:46:42 PM
#124   GM.... I added the forum to the website. Ataglance2 12/23/07 03:16:11 PM
#123   The Greenback coming back in here some... dr_sean 12/22/07 03:09:13 PM
#122   US Dollar Index Approaching Resistance dr_sean 08/16/07 02:11:46 AM
#121   USD rollin solid dr_sean 08/15/07 04:31:28 PM
#120   tanks. dr_sean 07/06/07 10:53:36 AM
#119   INDEX INTELLIGENCE: EUI—Dollar Rally Pulls Up the USD/Euro Ataglance2 06/24/07 03:33:12 PM
#118   ref #msg-20679194 dr_sean 06/22/07 01:59:52 PM