Is a comprehensive reflection of the international index, used to measure the change of the exchange rate of the US dollar.
It measures the strength of the dollar by calculating the rate of change of the dollar and the combined rate of change of the selected package, thus indirectly reflecting changes in the competitiveness of American exports and the cost of imports.
The dollar index comes not from the Chicago Board of Trade or the Chicago Mercantile Exchange, but from the New York Cotton Exchange.
The New York COTTON Exchange was founded in 1870 by a group OF COTTON traders and intermediaries. It is the oldest Commodity Exchange in New York and the most important cotton futures and options exchange in the world.
In 1985, the New York Cotton Exchange established its financial department and entered the global financial commodity market, starting with the launch of the US dollar index futures.