What is the USDX currency?

The USDX, or U.S. Dollar Index, is a measure of the value of the U.S. dollar relative to a basket of six major world currencies. It provides investors with a tool to assess the strength or weakness of the dollar, which is crucial in understanding global economic dynamics and financial market trends. The currencies included in the USDX are the Euro, Japanese Yen, British Pound, Canadian Dollar, Swiss Franc, and Swedish Krona.