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DXY (US Dollar Index)

An index that tracks the US dollar against a basket of six major currencies.

Macro & RatesIntermediate

Definition

The euro makes up well over half of the DXY, with the yen, pound, Canadian dollar, Swedish krona and Swiss franc making up the rest. A rising DXY means the dollar is strengthening, which can weigh on commodities and on the earnings of US multinationals.

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