CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
The US Dollar Index (USDX) serves as a benchmark for measuring the relative value of the American dollar to a basket of foreign currencies, or the currencies of the US trade partners. The index increases its value when the US dollar exchange rate strengthens its position in comparison to other currencies. The index is calculated and published by the ICE futures commodity exchange. The USDX represents a weighted geometric mean of the dollar’s (USD) value to a list of foreign currencies, including the euro (EUR), Japanese yen (JPY), Pound sterling (GBP), Canadian dollar (CAD), Swedish krona (SEK) and Swiss franc (CHF). Follow the US dollar rate with Capital.com.
While the Magnificent Seven have dominated market momentum in recent months, it’s not true that they are the sole drivers of the recent rally in equity markets.