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USD Index

USD Index - MaxOptions

The US Dollar index is known as USDX, it is a leading benchmark for the US dollar performance against a basket of worldwide currencies (Euro, Japanese Yen The official currency of Japan is the JPY which is also knows as the Japanese Yen The official currency of Japan is the JPY which is also knows as the Japanese Yen to investors and t... More to investors and t... More , British Pound The GBP is the official currency of the United Kingdom. The GBP is a major currency and currently ra... More , Swiss Franc, Swedish Krona & the Canadian Dollar). This index has evolved during time and has become a trading instrument on its own aside from measuring performance.

The most efficient mean to managing currency exposer & risk is to trade on the USDX, since it enables traders to open positions on a basket of currencies in a single trade. This index is an important analytical tool for investors, thus making it very lucrative. As a currency trader it is important for you to educate yourself on the fundamental events that carry weight here as well as the technical The use of the term technical The use of the term technical The use of the term technical in trading usually refers to a variety of methods in which a trader or... More in trading usually refers to a variety of methods in which a trader or... More in trading usually refers to a variety of methods in which a trader or... More analysis. At MaxOptions, you will find all the necessary tools to educate yourself in addition to live prices which are calculated as an average indicated from 700 banks globally, so you’ll be able to profit from wise decision making.