What is the Impact of the US Dollar Index on the Global Financial Market?

[Suba]

The US Dollar Index (DXY) or known as the DXY Index is an indicator to measure the exchange rate of the United States Dollar (USD) against several major world currencies such as the Euro (EUR), Canadian Dollar (CAD), Japanese Yen (JPY), British Pound (GBP), Swedish Krona (SEK) and Swiss Franc (CHF),

The USD Index will show a picture of the strong or weak condition of the USD compared to the world's major currencies, so it is used as an important reference/benchmark for market players, both investors and forex, stock and crypto traders.

 

[Augusta]

Dollar is used as the world standard currency's as it is used as an important reference for market players, both investors and forex, stock and crypto traders.