Category Archives: Dollar Index Weekly Analysis

The US dollar. The dollar is one of the most highly traded currencies in the world. The greenback is frequently utilised for international transactions and is often exchanged for euros, pounds and the Japanese yen as well as commodities including Oil and Gold. The dollar index is a weighted view of the dollar exchange rate versus the following basket of currencies. Euro (EUR), Japanese Yen (JPY), Pound sterling (GBP), Canadian dollar (CAD), Swedish krona (SEK) and Swiss franc (CHF). The primary focus of this category is technical analysis of the USDX but fundamental developments are also covered with a view to understanding the prevailing market sentiment.