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:
Margin Requirements can be viewed in the dealing rates and create order windows on the trading station or by clicking here.
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.
The USDollar does have financing cost (Rollover). The Rollover is taken directly from the variable rollover rates of the individual FX components and then multiplied by that components current weighting in the Index. To see today’s rollover rate please view the Dealing Rates in the trading station.
USDollar has a minimum stop distance of 3 pips.
In the event that one of the individual components of the Basket does not receive a price update for 1 minute, the USDollar will become temporarily untradeable. This may result in hanging orders on TS2 or Rejected orders on MT4. We recommend trading with caution around Market Open and Close and any other period of low liquidity.