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The Undercurrent of Currency Issues
The US Dollar Index includes six component currencies. It's a six-pack with some added kick to it these days, too, seeing how the US Dollar Index has been surging since early October and is trading at eight-month highs.A guide provided by ICE Futures US states that the US Dollar Index is a geometrically-averaged calculation of six currencies weighted against the US dollar (aka "greenback"). Those six currencies are the euro, the Japanese yen, the British pound, the Canadian dollar, the Swedish krona, and the Swiss franc. By far, the currency with the most influence on the basket is the euro, which carries a 57.6% ... (full story)