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US Dollar Index 14-Year Chart

by Ashraf Laidi
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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 By Users (114)   (View All Comments)    Post a comment

Speculator


July 3, 2009 04:28 ET
evidence that developing countries becoming more dominant in global equities.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aNAYEzkBHXho
Speculator


July 3, 2009 04:21 ET
carclo, yes a that could put some pressure on the dollar.
Carlco
bristol, UK

July 3, 2009 03:24 ET
Member since Mar 2009
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


July 2, 2009 20:19 ET
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


July 2, 2009 20:06 ET
ashraf, yes i have. its where market participants can change fundamentals. i see your point now.
Ashraf Laidi
London, UK

July 2, 2009 19:52 ET
spec, are you familiar with Soros' reflexivity concept. It's in the Alchemy of Finance.

Ashraf
speculator


July 2, 2009 19:36 ET
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

July 2, 2009 19:29 ET
speculator, who you think implements those "market forces".. whom other than the traders???

Ashraf
speculator


July 2, 2009 17:44 ET
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

July 2, 2009 15:57 ET
Member since Mar 2009
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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