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Bloomberg Indexes creates new dollar gauge that includes emerging-market currencies

Posted on 31 October 2013

Bloomberg Indexes introduced a new index on Wednesday to gauge the U.S. dollar’s strength that includes emerging-market currencies like the Chinese offshore renminbi and Mexican peso.
The Bloomberg U.S. Dollar Index contains 10 currencies and is rebalanced every year based on trading and liquidity data. The index has a 34.3% weighting toward the euro , and also consists of the yen , Canadian dollar, pound, Mexican peso, Australian dollar, Swiss franc, South Korean won, Chinese offshore renminbi and Singapore dollar……………………………….Full Article: Source


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