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The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, [1] often referred to as a basket of U.S. trade partners' currencies. [2] The Index goes up when the U.S. dollar gains "strength" (value) when compared to other ...
The trade-weighted US dollar index, also known as the broad index, is a measure of the value of the United States dollar relative to other world currencies. It is a trade weighted index that improves on the older U.S. Dollar Index by incorporating more currencies and yearly rebalancing. The base index value is 100 in January 1997. [1]
There are no regular scheduled rebalancings of the index components. To protect the index's integrity, the index administrator is alerted if any of the individual component currencies falls in value by more than 90% from its January 1, 2011 value. [2] The Dow Jones FXCM Dollar Index (USDOLLAR) is a collaboration between Dow Jones Indexes and FXCM.
The Wall Street Journal Dollar Index (WSJ Dollar Index) is an index (or measure) of the value of the U.S. dollar relative to 16 foreign currencies. [1] The index is weighted using data provided by the Bank for International Settlements (BIS) on total foreign exchange (FX) trading volume. The index rises when the U.S. dollar gains value against ...
Date/Time Thumbnail Dimensions User Comment; current: 06:34, 20 August 2022: 5,566 × 2,114 (592 KB): Wikideas1: updated with Swedish Krona and Swiss Franc: 07:11, 18 July 2022
The Plaza Accord was a joint agreement signed on September 22, 1985, at the Plaza Hotel in New York City, between France, West Germany, Japan, the United Kingdom, and the United States, to depreciate the U.S. dollar in relation to the French franc, the German Deutsche Mark, the Japanese yen and the British pound sterling by intervening in currency markets.
Further, the weakening of the dollar, while exogeneous to oil prices, was itself a delayed response to rising inflation from 1968 onwards. This pattern of an overheated economy, leading to inflation, dollar depreciation, and then to higher oil prices and another bout of stagflation repeated itself in 1979.
[2] [3] Globally, a strong dollar is thought to be harmful for the rest of the world. [4] In financial markets, the strength of the dollar is measured in the "DXY Index" (sometimes named the "USDX index"), an index which measures the exchange rate of the dollar relative to other major currencies. [5] [6]