U.S. dollar index
The US Dollar Index (USDX) is an index of the United States dollar relative to a basket of foreign currencies. It is a weighted geometric mean of the dollar's value compared to the Euro (EUR), Japanese yen (JPY), Pound sterling (GBP), Canadian dollar (CAD), Swedish krona (SEK) and Swiss franc (CHF). The dollar (currency code USD and 840) is the unit of currency of the US. It is normally abbreviated as the dollar sign, $, USD, or as US$ to distinguish it from other dollar-denominated currencies and from others that use the $ symbol. The U.S. dollar is divided into 100 cents. Adopted by the Congress of the Confederation of the US on July 6, 1785, the U.S. dollar is the currency most used in international transactions. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. In 1995, over US $380 billion were in circulation, two-thirds of which was outside the US. By 2005, that figure had doubled to nearly $760 billion, with an estimated half to two-thirds being held overseas, representing an annual growth rate of about 7.6%. However, as of December 2006, the dollar was surpassed by the euro in terms of combined value of cash in circulation. The value of euro notes in circulation had risen to more than €610 billion, equivalent to US$802 billion at the exchange rates at the time. (source: wikipedia)
US Inflation
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