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USDOLLAR – The Dollar Index

The Dollar Index Basket (USDOLLAR) was developed by traders for traders allowing you to take advantage of US Dollar appreciation or depreciation with precise tracking and maximum liquidity.

The Index Basket

The index basket is designed to be as easy to understand as it is to trade. It reflects the change in value of the US dollar measured against a basket of the most liquid currencies in the world:

  • Euro: The EUR/USD is the most heavily traded currency pair in the world.
  • British Pound: Highly liquid and popular with forex traders, the pound retains great significance as the UK remains an important global financial hub.
  • Japanese Yen: A mainstay of the forex carry trade, the yen represents the third-largest economy in the world.
  • Australian Dollar: A titan in the fast-growing Asia/Pacific region, the AUD gives our index high yields and a link to commodity markets.  

The Dollar Index began on January 1, 2011, at a value of 10,000.00. It represents an equivalent $10,000 position in each of the currencies that make it up. It rises when the Dollar rises against the Euro, the British Pound, and the Australian Dollar and falls as the Dollar depreciates compared to these currencies. For example, if the US dollar rallies 100 pips against each the EUR, GBP, JPY, and AUD, the index will appreciate by approximately 100 points. It's that simple.

Margin Requirements

Margin Requirement's may differ depending on account type and can be viewed in the Dealing Rates and create order windows on the trading station or by clicking here

Trading Hours

FXCM's trading hours vary by product. For forex and USDOLLAR, trading opens on Sundays between 5:00 PM ET and 5:15 PM ET and closes on Fridays around 4:55 PM ET.

Maximum Contract Size

The maximum number of contracts per click (trade) for the USDOLLAR is 200.

Minimum Pip Cost (Value)

USDOLLAR has a minimum value of $1 per point (Your per point value may be different if your account is denominated in a different currency. Please refer to the Simple Dealing Rates Window in Trading Station for this value). The pip/point location is shown below.

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Order Execution Only

Order Execution Only

Regulatory Documents:
IIROC Brochure: How Can I Get My Money Back, How IIROC Protects Investors, IIROC Complaints Brochure, CIPF Brochure, CIPF Coverage Policy, IIROC Order Execution Only Bulletin, Conflict Disclosure Statement, Covid-19 and Cyber Security - Tips for Investors, Relationship Disclosure Information Document, Before You Begin Trading

The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at