What is the bbdxy index?

The BBDXY Index data starts from Dec 31, 2004, with a base level of 1000. Each currency in the basket and its weight is determined annually based on its share of international trade and FX liquidity. A Better Measure of the U.S. Dollar? Let’s see how the Bloomberg Dollar Spot Index (BBDXY) differs from the widely used ICE Dollar Index (DXY).

What is the difference between dxy and bbdxy?

BBDXY is more dynamic. Unlike the DXY’s static composition, BBDXY is dynamic, with an annual rebalancing process that captures the changing state of currency markets. This results in the index that includes important currencies (like the Australian dollar) that rank higher in liquidity and trading versus the Swedish krona.

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Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Hear the latest economic, business and market news, as well as global, national, and local news. German payments company Wirecard was the darling of the nation's fintech industry.