DOLLAR INDEXU.S. Dollar Currency IndexTVC:DXYShavyfxhubWHAT IS DOLLAR INDEX??? The United states Dollar Index is the measures the value of the U.S. dollar against a basket of six major foreign currencies. Its a key barometer for traders and economists which directly or indirectly gives a snapshot of the dollar's global strength in the forex window. The index weights currencies by composition with euro toping the the list. the euro dominance is due to its economic size with Germany making up the majors strength of euro in the eurozone. composition as follows,Euro (EUR) at 57.6%, Japanese yen (JPY) at 13.6%, British pound (GBP) at 11.9%, Canadian dollar (CAD) at 9.1%, Swedish krona (SEK) at 4.2%, and Swiss franc (CHF) at 3.6%. Calculation It uses a weighted geometric mean formula: USDX = 50.14348112 × EURUSD^(-0.576) × USDJPY^(0.136) × GBPUSD^(-0.119) × USDCAD^(0.091) × USDSEK^(0.042) × USDCHF^(0.036). Launched in 1973 by the Intercontinental Exchange (ICE) post-Bretton Woods with a base of 100, values above 100 signal dollar strength and below indicate weakness. the structure will be watched for possible upswing. #dollar #dxy GOODLUCK