The dollar index is not from Chicago Board of Trade (CBOT) or Chicago Mercantile Exchange (CME), but from new york Cotton Exchange (NYCE). New york Cotton Exchange was founded in 1870, which was originally composed of a group of cotton merchants and brokers. At present, it is the oldest commodity exchange in new york and the most important cotton futures and options exchange in the world. 1985, new york cotton exchange established the finance department, and officially entered the global financial commodity market. The first is the US dollar index futures.

Calculation principle

The calculation principle of USDX futures is based on the trade settlement between major countries in the world and the United States, with 100 as the dividing line, and the overall strength of the US dollar is calculated in a weighted way. 1 99965438+1October1After the introduction of the euro, the subject matter of the futures contract was adjusted from 10 to 6 countries, and the euro became the most important and weighted currency, accounting for 57.6%. Therefore, the fluctuation of the euro has the greatest impact on the strength of USDX.

Weight of Currency Index (%)

57.6 euros

13.6 yen

GBP 1 1.9

Canadian dollar 9. 1

Swedish krona 4.2

Swiss franc 3.6

The current USDX level reflects the average value of the US dollar relative to the benchmark 1973. Up to now, the US dollar index has soared to 165 and also fell below 80 points. This change feature is widely compared with the futures stock index in quantity and change rate.

computing formula

Usdx = 50.14348112× EUR/USD (-0.576) × USD/JPY (0.136 )× GBPUSD (-0.1/kloc-).

Note: (Power in brackets, not arithmetic multiplication)