How to Use the US Dollar Index (DXY) in Trading
The US Dollar is the most traded currency in the world. It is used as a currency of the majority of international transactions while also being part of the most popular currency pairs on the Forex market. It is no wonder that the US dollar has its own index which evaluates its value against other global currencies.
In this article you’ll find out what the US Dollar Index is, how it is calculated, and whether there are ways to use this index in your trading strategy.