But foreign exchange brokers can only trade foreign exchange, and not all foreign exchange brokers can trade the US dollar index. At present, there are only a few companies that can trade the US dollar index, such as Fuhui and Jiasheng.
The dollar index can be traded, so how do investors trade? Let's take FXCM as an example to see how the US dollar index is traded.
The dollar index code on FXCM platform is USD. Investors may not find this product on the homepage when they log in to the platform for the first time, and they must manually call out the US dollar index. After investors log on to mt4, they can find the US dollar index in all kinds of transactions. The specific trading method of the US dollar index is the same as other foreign exchange products.
Dollar Index _ (USDX) is an indicator that comprehensively reflects the exchange rate of the US dollar 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). 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.
The US dollar index was originally published by new york Cotton Exchange (NYCE).
From 65438 to 0998, new york Cotton Exchange and Coffee Sugar Cocoa Exchange merged to form NYBOT. In September, 2006, New York Futures Exchange merged into Intercontinental Exchange (ICE) and became its subordinate department. Dollar index futures are traded on the American Intercontinental Exchange. The Exchange is responsible for releasing real-time data of the US dollar index and the futures price of the US dollar index.
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.