The Dollar Index, a measure of US Dollar, relative to a basket of foreign currencies (usually major US trade partners).
I've highlighted the round number levels (99, 100, 101, 102 and 103), and we can see that price reacts strongly at these levels. (currently reacting at 101.00)
It is important to pay attention to the DXY particularly at the round number levels, to gain an insight into the overall strength/weakness of the USD.
I've highlighted the round number levels (99, 100, 101, 102 and 103), and we can see that price reacts strongly at these levels. (currently reacting at 101.00)
It is important to pay attention to the DXY particularly at the round number levels, to gain an insight into the overall strength/weakness of the USD.