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.
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.
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.
i traded hsbc and standard charter options through this.