NEW YORK, Dec. 21, 2015 /PRNewswire/ -- Bloomberg today announced the composition and 2016 weights for the Bloomberg Dollar Spot Index. The index tracks the performance of a basket of the leading global currencies versus the U.S. dollar, and represents developed and emerging market currencies that have the highest liquidity in the currency markets and the biggest trade flows with the U.S.
Target weights of index components for 2016, as well as their comparative weights in 2015, are provided in the tables below:
The index rebalances once a year to capture the most important trading partners of U.S. as reported by the Federal Reserve and the triennial survey of most liquid currencies as reported by the Bank of International Settlements. Currencies pegged to the U.S. dollar are excluded and currencies heavily managed have their exposure capped. Weights of the Index are determined in accordance with the rules described in the index methodology.
Through its updated composition of diversified currencies that are important from trade and liquidity perspectives, Bloomberg Dollar Spot Index provides a better measure of the U.S. dollar compared to indices that do not update their composition and are comprised of a handful of currencies with concentrated weights.
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