US Dollar Index 14-Year Chart

The US Dollar Index (USDX) is a basket-based measure of the value of the US dollar relative to a basket of six foreign currencies, weighted geometrically relative to the euro (57.6%), yen (13.6%), Pound sterling (11.9%), Canadian dollar (9.1%), Swedish krona (4.2%) and Swiss franc (3.6%).

The USDX began in March 1973 at an opening value of 100.00, on the same year of the demise of the Bretton Woods system of fixed exchange rates. At that time, the USDX opened at 100.000. The index trades on the CE Futures Exchange.

Detailed cyclical analysis related to gold, oil, US and non-US interest rates, US political cycles and foreign currencies is found in chapters 1, 2, 5, 8 and 9 of my book.

Comments (Showing latest 10 of 114) View All Comments

Speculator

Posted Anonymously

15 years ago

Jul 3, 2009 9:28

evidence that developing countries becoming more dominant in global equities.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNAYEzkBHXho

Speculator

Posted Anonymously

15 years ago

Jul 3, 2009 9:21

carclo, yes a that could put some pressure on the dollar.

Carlco

bristol, UK

Posts: 151

15 years ago

Jul 3, 2009 8:24

Looks like China makes it official, they are turning up the heat ! http://www.ft.com/cms/s/0/088d8158-6726-11de-925f-00144feabdc0.html

speculator

Posted Anonymously

15 years ago

Jul 3, 2009 1:19

aparently soros knows 'exactly' what the dollar will do but is not publicly saying for obvious reasons. he was right in 2002 about the dollar but then so was i.

speculator

Posted Anonymously

15 years ago

Jul 3, 2009 1:06

ashraf, yes i have. its where market participants can change fundamentals. i see your point now.

Ashraf Laidi

London, UK

Posts: 0

15 years ago

Jul 3, 2009 0:52

spec, are you familiar with Soros' reflexivity concept. It's in the Alchemy of Finance.

Ashraf

speculator

Posted Anonymously

15 years ago

Jul 3, 2009 0:36

ashraf,

dealers, traders, central banks etc. but traders trade based on what conditions are and speculate on trends. but fundamental changes can happen which would could change the opinion of traders and therefore the trend. traders have no choice but to act on news or try to forecast the news, directional trends etc. so a lot can happen in the near term that can change the opinion of traders for longer term directions.

Ashraf Laidi

London, UK

Posts: 0

15 years ago

Jul 3, 2009 0:29

speculator, who you think implements those "market forces".. whom other than the traders???

Ashraf

speculator

Posted Anonymously

15 years ago

Jul 2, 2009 22:44

carcle, i know all about soros and his speculative attacks .but speculative attacks dont last forever and come in different magnitudes. for example, the pound was speculated against heavily this year but how long did that last. natural market forces will then bring about an adjustment.

obviously thinly traded currencies can be heavily impacted through actions of even single speculators. but i cant see that happening against the usdx on a long term basis as economic fundamentals dont support a bear in my humble opinion.

Carlco

bristol, UK

Posts: 151

15 years ago

Jul 2, 2009 20:57

speculator, http://www.thestandard.com.hk/news_detail.asp?pp_cat=1&art_id=48335&sid=14350285&con_type=1
i traded hsbc and standard charter options through this.

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