U.S Dollar Index
Returns the US Dollar Index from FRED. This measures the dollar's value against a basket of major currencies.
What This Measures
- Trade-weighted average of USD vs major currencies
- Indicator of dollar strength/weakness
- Similar concept to DXY
Data Source
Data is sourced from FRED (Federal Reserve Economic Data).
Notes
- May differ from real-time DXY futures
- Useful for economic research
- Base period = 100
Examples
Dollar index from FRED
When to Use
- Dollar strength analysis
- International trade research
- Currency macro analysis
- Economic research
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Specific EUR rate | USdollarToEuro() |
| Specific GBP rate | USdollarToPound() |
| Real-time DXY | Last("DX-Y.NYB") |
Common Issues & FAQ
Q: Is this the same as DXY? A: Similar concept but may use different currency weights.
Q: How is this calculated? A: Trade-weighted average of USD against major trading partner currencies.
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