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.
