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U.S. Dollar Index (USDX) is a Joke

U.S. Dollar Index (USDX) is a Joke

6 Years ago | April 14, 2014 00:00:00

I don't know why it is called the US Dollar Index (USDX) but the name is a joke. It is only composed of 6 currencies (see below) and the EUR makes up 57.6% If you add in the CHF, which generally moves in the same direction as the EUR vs the USD, then this bloc makes up over 60% of the index. If you include the Swedish krona in this bloc, it rises to 65.4%.

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