Dow Jones launches index that uses currency basket to track US dollar
Dow Jones and FXCM have partnered to launch an index that measures the value of the US dollar against a weighted basket of four liquid currencies
Dow Jones Indexes has partnered with foreign exchange trader FXCM to launch the FXCM Dollar Index, which tracks changes in the value of the world's most traded currency by combining forex quantities: taking positions in US dollars against a weighted basket of four of the world's most liquid currencies: the euro, sterling, yen and Australian dollar.
"In essence, what forex investors do is trade a thesis (an opinion on whether the US dollar is going up or down) against the dollar," says Jamie
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