We are glad to inform you that we have added the Dollar Index (USDIDX) to the set of trading instruments since 8 March. The USDIDX is a popular highly liquid instrument representing the ratio of the value of the US dollar to the basket of six important monetary units (EUR, JPY, GBP, CHF, CAD, SEK). This indicator is calculated as the weighted geometric mean of these currencies.
The dollar index has high volatility and the level of possible earnings on it is comparable to trading the most liquid assets. When trading USDIDX, it is recommended to analyze the dynamics of the important currencies of the partner countries of the USA – Japan, Britain, Sweden, etc. In general, the cost of the USDIDX indicator is influenced by all factors on which the quotes of large monetary units depend.
We wish you successful trading on the new instrument, and we hope that this novelty will open up additional opportunities for you to earn money with AMarkets.