General Question

RedDeerGuy1's avatar

What is the dollar index?

Asked by RedDeerGuy1 (24986points) February 20th, 2017

I see it on NBR (Nightly Business Report ) on PBS. I have no clue what it is.

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4 Answers

SergeantQueen's avatar

It basically tracks the value of American dollars and compares it to the value of other currencies.

SergeantQueen (13130points)“Great Answer” (1points) Flag as…
zenvelo's avatar

It is an index of the value of the dollar against a basket of six other currencies, (euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc).

zenvelo (39548points)“Great Answer” (1points) Flag as…
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