ट्रेड USDIDX

US dollar index – a benchmark for measuring the US currency value, calculated against a basket of six liquid world currencies, including the euro, the Japanese yen, the British pound, the Canadian dollar, the Swedish krona and the Swiss franc.

It represents changes in the floating weighted geometrical average mean of the given exchange rates according to the formula:

USDIDX=50.14348112 * EURUSD^-0.576 * USDJPY^0.136 * GBPUSD^-0.119 * USDCAD^0.091 * USDSEK^0.042 * USDCHF^0.036

The index is:

1. influenced by common factors which affect currencies, like fiscal and monetary issues, interest rates expectations, inflation and foreign trade
2. notable due to the global coverage of its components

CFDs on US dollar index are traded in US dollars, with 1 contract price equaling the current index value expressed in US currency units.