The dollar after US election

DXY 30 days before and 60 days after 2016, 2020 and 2024 elections

The DXY index, also known as the U.S. Dollar Index (USDX), is a measure of the value of the United States Dollar against a weighted basket of six major foreign currencies.

1. Euro (EUR): 57.6%

2. Japanese Yen (JPY): 13.6%

3. British Pound (GBP): 11.9%

4. Canadian Dollar (CAD): 9.1%

5. Swedish Krona (SEK): 4.2%

6. Swiss Franc (CHF): 3.6%.

The index is calculated using a geometric average of these currencies against the U.S. dollar. It has a base value of 100, established in 1973, and all subsequent values are relative to this base. The DXY index serves as an important indicator of the dollar's strength in global markets. It is widely used by traders and investors to:

1. Measure the overall value of the U.S. dollar

2. Hedge against currency risk

3. Speculate on the dollar's movements

Traders can invest in the DXY index through ETFs, mutual funds, or by trading futures contracts.

(Fig.1) DXY. Closing price. 2016,2020 and 2024 elections.

Please note…