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What is the dollar index and how is it calculated?

February 28, 2023 By Vedanti Leave a Comment

What is the dollar index

Have you ever wondered how the value of the US dollar is measured against other currencies? Enter the dollar index, a widely-used benchmark for tracking the performance of the greenback in the foreign exchange (forex) market. But what exactly is the dollar index, and how is it calculated? What is the dollar index ? The dollar index is an estimate of the worth of the United States dollar parallel to a bunch of other major currencies, such as the euro of Germany, Japanese yen of Japan, British … [Read more...]

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