Reports and Indices
Dollar Index (DXY)
▪ Measures USD strength against 6 major world currencies (Euro, Yen, Pound, CAD, Krona, Swiss France).
▪ Dollar Index rose above 109, indicating USD appreciation, making imports costlier for India.
▪ The dollar index, often known as the U.S. Dollar Index (USDX),
▪ It is a tool for assessing the strength or weakness of the US dollar in relation to a basket of major currencies.
▪ It tracks shifts in the index provides investors, traders, and economists with useful information regarding the dollar’s performance in global currency markets.
