Watch The US Dollar Index — A Dollar Panic May Be Ahead
I’m often asked about my mentions of the US Dollar Index in SurvivalBlog, and about the Dollar Index ticker link at my Investing Recommendations page. This foreign exchange (FOREX) market index is often mentioned by its shorthand names (“USDX”, “DX”, or less commonly, “USDI”). It measures the value of the U.S. Dollar (USD) relative to several of our country’s major trading partners. Although the mix has changed over the years, presently the index gauges the value of the U.S. Dollar versus six currencies: the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and the Swiss Franc. The USDX was …