The US Dollar Index
Posted by cvbasheer on September 8, 2009
The US Dollar Index, is a simple measure of the dollar strength against six major currencies. They are the Euro, Great Britain Pound, Japanese Yen, Canadian Dollar, Swedish Krona and Swiss Franc. It started in March 1973 at a base rate of 100.
Currently, it is around 80, which means it has fallen relatively 20% in value from 1973. You can use this information as a quick health snapshot of the USD before considering trade decisions.