The Dollar Index Is Trading At Levels Last Seen In 2000 Let''s start with a brief history. The U.S Federal Reserve established The Dollar Index, nicknamed the Dixie, in March 1973 soon after the dismantling of the Bretton Woods Agreement. At its start, the base value was 100 and values since then are relative to the base. It is now maintained by ICE Data Indices, a subsidiary of the Intercontinental Exchange (ICE). The calculation behind the Dixie is a basket of the exchange rate of six currencies: The Euro (EUR) makes up 57.6% of the basket. The Yen (JPY) with a weighting of 13.6%. The Cable (GBP) at 11.9% The Loonie (CAD) at 9.1%. The Swedish Krona (SEK) at 4.2%. The Swissy (CHF) at 3.6%. These six currencies included in the Dixie are generally referred to as America''s most significant trading partners. The index has only been updated once: in 1999, when the Euro replaced the German mark, French franc, Italian lira, Dutch guilder and Belgian franc. The value of the index is a fair indication of … Full story available on Benzinga.com