On FBS MT4 and MT5, US Dollar Index is available as a tradable instrument.

The Dollar index is classified as a currency future that is traded on the Intercontinental Exchange (ICE).

It measures the value of the U.S. dollar relative to the majority of its most significant trading partners and is composed of a weighted basket of currencies which are measured against its value as follows:

Invest in USD Index with FBS

The US Dollar Index is a useful instrument for traders, not only as it can be traded directly as any other financial instrument but also as it enables market participants to monitor moves in the value of the US dollar relative to a basket of world currencies, as well as hedge their portfolios against the risk of a move in the dollar.

The index was created March 1973 after the abandonment of the Bretton Woods System.

At its inception the value of the US Dollar index was set at 100.00 but has since been allowed to float freely.

The lowest value the US Dollar reached was 70.698 on the March 16 2008 whereas its highest value was 164.72 in February 1985.

Currently the US Dollar index is trading slightly under its launch value at 97.00.

In 1999 with the creation of the European Single Currency the Euro was added to the basket.

There are now calls for the US Dollar Index to be further expanded so as to include China, Mexico, South Korea and Brazil as these countries have become major commercial trading partners of the United States and therefore warrant inclusion.

FBS Official Website