Trade Weighted US dollar Index
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In the US Dollar Index, a significant weight is given to the euro. In order to more accurately reflect the strength of the dollar relative to other world currencies, the Federal Reserve created the Trade Weighted US Dollar Index, which includes a bigger collection of currencies than US Dollar Index, based on the annual trade that they have with US. The regions included are Europe (euro countries), Canada, Japan, Mexico, China, United Kingdom, Taiwan, Korea, Singapore, Hong Kong, Malaysia, Brazil, Switzerland, Thailand, Philippines, Australia, Indonesia, India, Israel, Saudi Arabia, Russia, Sweden, Argentina, Venezuela, Chile, and Colombia.
