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US Dollar Index

U.S._Dollar_IndexUS Dollar index is a very unique type of weighted index ,which calculates the value of greenback against other major currencies.It calculates the index by comparing dollar values with the values of other six strong world currencies like Euro, UK Pound,Japanese Yen,Swiss Franc,Swedish Krona and Canadian Dollar.

 

 

US Dollar index was started in the year 1973 as its base year and its base value is 100.It is measured as % on daily and weekly basis.As right now its value is 86.743 ,which means its value has fallen more than 13% since 1973 relative to other 6 major currencies.It is a useful and amazing tool for the Forex investors,who want to do a detailed analysis of the US dollar  and want to do a long term investment in the currency.

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About Emaad Qureshi