What is the dollar index?
The US dollar index can comprehensively reflect the exchange rate of the US dollar in the international foreign exchange market and can be used to measure the degree of exchange rate changes of the US dollar against other currencies. By calculating the comprehensive change rate of the US dollar and the selected currency, we can determine the strength of the US dollar trend and comprehensively reflect the changes in US export competitiveness and import costs.
Dollar index weight:
How does the dollar index affect the price of silver?
If the dollar index falls, it means that the dollar has depreciated relative to other major currencies. The impact of the US dollar on precious metals and silver markets mainly includes