Meet DXY, the US Dollar Index — a single number that tracks the dollar’s strength against a basket of 6 major currencies (with the euro doing over half the heavy lifting 👀).
📊 Rising DXY? EUR/USD and Gold usually fall.
📈 It’s one of the most underrated tools for confirming your forex trades before you click Buy or Sell.
In our latest guide, we break down:
🔹 How DXY is actually calculated
🔹 What moves it (hint: the Fed matters — a lot)
🔹 Its correlation with gold, oil & major FX pairs
🔹 Step-by-step: how to trade it on MetaTrader 5
Ready to trade smarter? 👇
🔗 https://nordfx.com/useful-articles/what-is-the-us-dollar-index-dxy?utm_source=social&utm_medium=post&utm_campaign=nordfx
#Forex #DXY #USDollarIndex #TradingTips #NordFX #ForexTrading
💵 What actually moves the US Dollar — and why should you care? was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.