The US dollar index (DXY) is the most widely used indicator when measuring the performance of the world’s global reserve currency, but the outmoded weightings applied to it paint a misleading picture on the strength of the dollar, according to Redward Associates, an independent resea...
Using DXY to assess currency pairsIf you’re trading EUR/USD, for example, the DXY can be a valuable tool. A rising DXY might indicate a bearish outlook for EUR/USD, and vice versa. In the end The DXY chart is more than just numbers and lines; it’s a compass that provides insights...