DXY stands for dollar index (USDX or DINIW), where DXY is just a transaction code, and different data providers use different codes.
How to use:
1, the US dollar index DXY is an indicator that comprehensively reflects the US dollar exchange rate in the international foreign exchange market, and is used to measure the degree of exchange rate change of the US dollar against a basket of currencies.
2. It measures the strength of the US dollar by calculating the comprehensive change rate of the US dollar and the selected basket of currencies, thus indirectly reflecting the changes in the US export competitiveness and import cost.
3. The dollar index is not from Chicago Board of Trade (CBOT) or Chicago Mercantile Exchange (CME), but from new york Cotton Exchange (NYCE).
4. The real-time data of the US dollar index (that is, the spot price corresponding to the ice US dollar index futures) is updated by Reuters every 15 second according to the real-time exchange rate of the currencies of the constituent stocks of the US dollar index.
5. When calculating, use the average value of the highest buying price and selling price of currency calculated by Reuters.
6. The calculation results are transmitted to the American Intercontinental Exchange and then distributed to data providers.
Expand knowledge:
The US dollar index DXY is an index that comprehensively reflects the US dollar exchange rate in the international foreign exchange market, and is used to measure the degree of exchange rate change of the US dollar against a basket of currencies. It measures the strength of the US dollar by calculating the comprehensive rate of change between the US dollar and a selected basket of currencies, thus indirectly reflecting the changes in US export competitiveness and import costs.
The dollar index is not from Chicago Board of Trade (CBOT) or Chicago Mercantile Exchange (CME), but from new york Cotton Exchange (NYCE). The real-time data of the US dollar index (that is, the spot price corresponding to the ice US dollar index futures) is updated by Reuters every 15 seconds according to the real-time exchange rates of the constituent currencies of the US dollar index.
The average of the highest bid price and selling price of this currency calculated by Reuters. The calculation results are transmitted to the American Intercontinental Exchange and then distributed to data providers.