DXY originally was developed by the U.S. Federal Reserve in 1973 to provide an external bilateral trade-weighted average value of the U.S. dollar against global currencies. U.S. Dollar Index goes up when the U.S. dollar gains "strength" (value), compared to other currencies.
The following six currencies are used to calculate the index:
- Euro (EUR) 57.6% weight
- Japanese yen (JPY) 13.6%
- Pound sterling (GBP) 11.9%
- Canadian dollar (CAD) 9.1%
- Swedish krona (SEK) 4.2%
- Swiss franc (CHF) 3.6%
1 year
Japanese yen
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