what does dollar index measure?
Dollar Index - USDX'. The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading partners. This index is similar to other trade-weighted indexes, which also use the exchange rates from the same major currencies.
The US Dollar Index (DXY) measures the value of the Dollar against a basket of currencies on a trade-weighted basis. The index started in March 1973 with a base value of 100. Since then, it has made a high of 164.72 in February 1985, and a low of 70.69 in March 2008.