Trade US dollar currency index (USDX)


usdidx

Type:Indices

Group:Currency

Country:USA & Canada

Buy USDIDX with

Market Exchange Rate

USDIDX
Status:Closed Trading
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Trading Conditions of USDIDX Index CFD

Trading Hours US dollar currency index

Week dayTrading hours (CET)Local trading hours
Monday 00:00 — 24:0000:00 — 24:00
Tuesday00:00 — 24:0000:00 — 24:00
Wednesday00:00 — 24:0000:00 — 24:00
Thursday00:00 — 24:0000:00 — 24:00
Friday00:00 — 22:0000:00 — 22:00

US Dollar index

Type: Currency index

Liquidity: high

US dollar index – a benchmark for measuring the US currency value, calculated against a basket of six liquid world currencies, including the euro, the Japanese yen, the British pound, the Canadian dollar, the Swedish krona and the Swiss franc.

It represents changes in the floating weighted geometrical average mean of the given exchange rates according to the formula:

USDIDX=50.14348112 * EURUSD-0.576 * USDJPY0.136 * GBPUSD-0.119 * USDCAD0.091 * USDSEK0.042 * USDCHF0.036

The index is:

  1. influenced by common factors which affect currencies, like fiscal and monetary issues, interest rates expectations, inflation and foreign trade
  2. notable due to the global coverage of its components

CFDs on US dollar index are traded in US dollars, with 1 contract price equaling the current index value expressed in US currency units.

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