Dxy long
The US Dollar Index (DXY) has rolled through markets to a fresh two-year high in a volatile Friday. The US Dollar gets additional inflow from flights into safe-havens amid escalating risks in the Russia-Ukraine war. The US Dollar Index popped above 108.00 and fades in the aftermath back to 107.50. The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. These currencies are the Euro (constituting 57.6% of the weighting), Japanese Yen (13.6%), British Pound (11.9%), Canadian Dollar (9.1%), Swedish Krona (4.2%) and Swiss Franc (3.6%). The index started in 1973 -with the absolution of Bretton Woods- with a base of 100.000, and values since then are relative to this base. For example, if the current reading says 99.800, this means that the dollar has fallen 0.2% since the start of the index (99.800 - 100.000).
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