Dollar index market watch6/25/2023 ![]() The weights were set according to trade weights and the Euro has the dominant weight in the DXY. It should not be mistaken for the much older and more complex US Dollar Index (DXY), which represents the weighted geometric mean of the US Dollar's value compared to six specific currencies. Dollar Index DXY, -0.38, which measures the currency’s strength against a basket of six major rivals, is up about 1.3 over the past month to above 103 on Friday, according to Dow. The DJ FXCM Index was introduced on January 1, 2011, at a value of 10,000.00, is calculated every 15 seconds and updated Monday to Friday. It is geographically balanced and accounts for 80% of worldwide Forex activity. The basket contains the Euro, the British Pound, The Japanese Yen and the Australian Dollar in equal amounts, which are equally weighted. It reflects the change in value of the US Dollar measured against the basket of currencies: it rises when the US Dollar gains value relative to this basket and it falls when the opposite happens. The index was designed to help traders assess whether the US Dollar is strengthening or weakening and is known for its transparency and simplicity. It is the product of collaboration between FXCM and S&P Dow Jones Indices. Meanwhile, the number of people claiming for unemployment benefits in Britain increased by 46,700 in April, higher than 26,500 in March, according to data issued by the Office for National Statistics of the United Kingdom on Tuesday.The Dow Jones FXCM Dollar Index (short: DJ FXCM Index) is a currency index that tracks the strength of the US Dollar against a basket of the four most liquid currencies in the world. ![]() The growth of industrial production in March had been revised from 0.4 percent to zero growth. industrial production increased by 0.5 percent in April month on month, higher than economists' expectation of an unchanged reading. The Federal Reserve reported Tuesday that U.S. The month-on-month decrease in March was revised to -0.7 percent from -1 percent. View US markets, world markets, after hours trading, quotes, and other important stock market activity. retail sales increased by 0.4 percent in April month on month, lower than the forecast consensus of 0.7 percent. Census Bureau reported Tuesday that the U.S. President Joe Biden would cut short his trip to Asia this week so as to defuse the looming debt ceiling crisis, according to media reports on Tuesday. Treasury Secretary Janet Yellen on Tuesday warned that "a default would crack open the foundations upon which our financial system is built," following her reaffirmation that the United States could default on its debt as early as June 1. dollar was up to 10.4029 Swedish Krona from 10.3432 Swedish Krona. ![]() The index was designed to help traders assess whether the US Dollar is strengthening or. The chart is intuitive yet powerful, customize the chart type to view candlestick patterns, area, line graph style, bar chart or. The Dow Jones FXCM Dollar Index (short: DJ FXCM Index) is a currency index that tracks the strength of the US Dollar against a basket of the four most liquid currencies in the world. dollar rose to 0.8959 Swiss franc from 0.8949 Swiss franc, and it was unchanged to close at 1.3469 Canadian dollars. Get instant access to a free live US Dollar Index streaming chart. dollar bought 136.3070 Japanese yen, higher than 136.0770 Japanese yen of the previous session. dollars from 1.2528 dollars in the previous session. ![]() dollars from 1.0874 dollars in the previous session, and the British pound was down to 1.2486 U.S. In late New York trading, the euro was down to 1.0868 U.S. The dollar index, which measures the greenback against six major peers, was up 0.12 percent to 102.5606 in late trading. dollar was up in late trading on Tuesday as traders focused on debt ceiling negotiations.
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