Question Details

	Username: LuckyMan Rating: Asked to: Jun Wang Date Created: 09 Dec 2014
Category	17
Tag	forex-article
Question	What is the USDX?

Advice from Guru

Hi Lucky Man,

The USDX (US Dollar Index ICE) is the U.S. dollar index which determines an average geometric value of the dollar’s purchase power compared to six currencies. This index includes the euro, the Japanese yen, the British pound, the Canadian dollar, the Swedish krona and the Swiss franc.
Countries of issue of these currencies are the main trading partners of the USA. Thus, the USDX represents 21 countries which makes the index an appropriate tool for measuring the global power of the U. S. dollar.

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