Monday, July 12, 2010
New Video: Is it Time for the Dollar Index to Rally?
If you are not familiar with the US dollar index (USDX), it is an index, or measure, of the value of the United States dollar relative to a basket of foreign currencies. Its weighted geometric mean of the dollar's value is compared with these currencies in the following percentages:
* Euro (EUR), 57.6% weight
* Japanese yen (JPY), 13.6% weight
* Pound sterling (GBP), 11.9% weight
* Canadian dollar (CAD), 9.1% weight
* Swedish krona (SEK), 4.2% weight
* Swiss franc (CHF) 3.6% weight
In this short educational video, we point out what we see in the dollar index and the reason why we think a potential rally may be in the foreseeable future.
As always our videos are free to watch and there is no need for registration. If you'd like to make a comment on this or any of our videos, we enjoy hearing your thoughts.
Watch Is it Time for the Dollar Index to Rally?