Us dollar index12/23/2023 ![]() ![]() ![]() With the end of the gold standard in 1971, however, the dollar's price began to freely fluctuate against other fiat currencies. Prior to the 1970s, there was little need for a dollar index as the value of the dollar was fixed to the price of gold. Speculators can also use these products to make bets on future appreciation or depreciation of the dollar using a broadly-accepted and widely-quoted benchmark. This allows investors to hedge their exposure to the value of the dollar in a single transaction. There are also numerous trading products linked to the Dollar Index. It gives investors and analysts the ability to look at a single benchmark to judge how the value of the dollar is performing. Dollar against other major world currencies. The Dollar Index is a tool created in 1973 to track the value of the U.S. Imagestock What Is the Dollar Index (USDX)? ![]()
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |