WSJ, FX Trader Launch Dollar Index
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April 18 2013, 20:23:48 UTC
The index measures the dollar against a basket of other major currencies, including the euro, yen, U.K. pound, Australian doll [url=http://longchamppaschersoldes.weebly.com]longchamps sac[/url] ar, Canadian dollar, Swiss franc and Swedish krona. It is available on WSJ.com and MarketWatch.com under the symbol BUXX. The WSJ Dollar Index is an attempt to improve on existing indexes by basing its value on actual, up-to-date turnover by all participants in the foreign-exchange marke [url=http://borse-louisvuitton-outlet.webs.com]borse louis vuitton[/url] t. The index is proportionally weighted based on foreign-exchange trading volume data from the Bank for International Settlements' triennial central-bank survey on global foreign-exchange market activity.The methodology differs from other dollar indexes, including the benchmark ICE U.S. Dollar Index. For example, the ICE Dollar Index isn't regularly reweighte [url=http://christianlouboutin-pascher.weebly.com]Christian Louboutin Homme[/url] d based on changes in trading volume. It also varies from newer indexes like the FTSE Curex dollar index or the Dow Jones FXCM Dollar Index, which weigh the currencies in their respective indexes equally. The Dow Jones FX [url=http://tomsshoes-outlet.jimdo.com]cheap toms[/url] CM index is owned by S P/Dow Jones Indexes, a joint venture largely owned by McGraw-Hill and CME Group . Dow Jones Co., which publishes the Journal, has a 2.6% stake in the venture.Every three years, when the BIS releases its new foreign-exchange market survey, the WSJ Dollar Index will be reweighted using the bank's latest trading volume figures, making it a dynamic index that evolves with the co [url=http://2013coachoutlet.webs.com]Coach Factory[/url] nstantly changing market.The WSJ Dollar Index captures more than two-thirds of daily global foreign-exchange trading volume, which is nearly $4 trillion a day, according to the BIS's latest survey.
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