The USD index (USDX) 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 changes 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. 1. Background The US 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 middlemen. 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. 1986, launched the dollar index futures option. Although it appeared 13 years later than foreign exchange futures, because it catered to the market demand, the US dollar index became an important economic indicator of great concern to market participants, and it was successful. Second, the index 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 (%): EUR 57.6, JPY 13.6, GBP1/0.9, CAD 9. 1, CHF 4.2. The formula is as follows: Third, the impact of the index The US dollar index 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 changes of the US dollar against a basket of currencies. The rise of the dollar index means that the exchange rate between the dollar and other currencies has risen, that is, the dollar has appreciated. Then the major international commodities are denominated in dollars, and the corresponding commodity prices should fall. The appreciation of the dollar is beneficial to the country's overall economy, raising the value of its currency and increasing its purchasing power. However, it also has an impact on some industries, such as export. Currency appreciation will increase the price of export commodities, so it will have an impact on the export commodities of some companies. If the dollar index falls, the opposite is true. Four. Domestic Innovation At present, Tianjin Mineral Resources Exchange (hereinafter referred to as "Tiankuangsuo") has launched a trade settlement index based on the "US dollar index", thus making up for the gap in the domestic foreign exchange trading market. The trade settlement index is settled in RMB with leverage, low threshold and long trading time. It has become the first index trading product in China to solve the foreign trade exchange rate risk, and has made great contributions to adapting to economic globalization and RMB internationalization. It also provides a platform for domestic enterprises and institutions engaged in foreign trade to avoid the risk of exchange rate changes. At present, among more than 300 domestic exchanges and trading markets, only the trade settlement index based on "US dollar index" listed by Tianjin Mineral Resources Exchange. Its listing is not only a weathervane and barometer of national financial policy innovation and international integration, but also a basis for the later cooperation between the agent brokerage company and Tiankuangyuan. In the future, there will be more opportunities when acting as an agent for strategic trading products in listed countries of Tiankuang. V. Latest News On Monday 16, US Eastern Time, European stock markets closed up, while the three major stock indexes of US stocks fell. Technology stocks dragged Nasdaq down nearly 1%. The monthly retail sales rate of the United States unexpectedly dropped in September, the US dollar index fell, and the gold price hit a new high since the end of July. The US federal budget deficit rose to $779 billion in fiscal year 20 18, the highest level since fiscal year 20 12.