Forex Trading
The Significance of The US Dollar Index in Forex Trading
The U.S. Dollar Index (USDX) is not only an important tool in forex trading, but also a widely recognized benchmark for measuring the value of the U.S. dollar against a basket of foreign currencies. The USDX was first introduced in 1973 and has since become a key indicator for investors, businesses, and policymakers to assess...
November 22, 2023
6 min read