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hello traders welcome to forex mindsets im trader josh if you want to learn more about forex trading please subscribe to my youtube channel and follow us on instagram hello josh good to see you again i am eagerly waiting to learn new thing today hello rick today let us discuss what is dollar index dollar index is just an index that shows the relative strength of the us dollar against basket of currencies what are the currencies in basket of currencies there are totally six types of currencies under basket of currencies they are euro japanese yen british pound canadian dollar swedish krona and swiss franc these are the countries which are doing the maximum trading with us and the percentage weightage is also based on the trading volume with these countries this index was started in 1973 but during last 50 years the changes has been done only once before that it was german dollar later that was replaced by euro as in 1973 there was no euro dont you think there should be any changes in