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Further Downside for FXCM US Dollar Index?

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The FXCM US Dollar index ($US Dollar) is an equally weighted index of the EUR/USD, GBP/USD, USD/JPY and AUD/USD. This index is not to be confused with the DXY index, which is heavily weighted in European currency pairs with the EUR/USD representing 57% of the index as a whole. This is not to say that one index is better than the other, just that they are two indexes that are measuring different currency pairs against the US Dollar in an attempt to judge the strength of the US Dollar as a whole.

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