The Trade Weighted US dollar Index, also known as the broad index, is a measure of the value of the US Dollar relative to other world currencies. It is similar to the US Dollar Index in that its numerical value is determined as a weighted average of the price of various currencies relative to the dollar, but different currencies are used and relative values are weighted differently.
Read more about Trade Weighted US Dollar Index: History, Included Currencies
Famous quotes containing the words trade, dollar and/or index:
“The very hirelings of the press, whose trade it is to buoy up the spirits of the people ... have uttered falsehoods so long, they have played off so many tricks, that their budget seems, at last, to be quite empty.”
—William Cobbett (1762–1835)
“You like money. You got a great big dollar sign there where most women have a heart.”
—Stanley Kubrick (b. 1928)
“Exile as a mode of genius no longer exists; in place of Joyce we have the fragments of work appearing in Index on Censorship.”
—Nadine Gordimer (b. 1923)