Dollar Index (DXY)
The U.S. Dollar Index (DXY) is a measure of the U.S. dollar’s value relative to a basket of six major currencies, with a base value of 100 set in March 1985.
Example: When the DXY rises, it typically signals the U.S. dollar has strengthened against the basket of major currencies, which can coincide with a lower EUR/USD rate, all else equal.
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