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The TradingFX Modified US Dollar Index "USDX" is another excellent tool to give you a real trading advantage. The original Dollar Index was implemented March 1973 and represents a significant milestone in foreign exchange history when the world's major trading nations allowed their currencies to float freely against each other. The world was a different place in 1973 and the fractions of each of the currencies used is not as pertinent to today's world economy. We have taken a more realistic and modern approach at how the index is calculated, and made it more sensitive to the currency price movements experienced now. The TradingFX USDX can be used to get an exact feel of the US Dollar's strength or weakness against the other currencies, providing a clear benefit to any trader.
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iForexTrading 1 year ago