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SMI Index and US Dollar Index Chart
The SMI (Swiss Market Index) and the US Dollar Index are important instruments for diversifying a trading portfolio.
About the SMI Index
The Swiss Market Index includes the 20 largest stocks on the SIX Swiss Exchange. It is considered a safe-haven index, attracting investment during times of global uncertainty.
About the US Dollar Index
The US Dollar Index (DXY) measures the value of the dollar relative to six major currencies. It is a crucial indicator of dollar strength in global markets.
Trading Strategies
- Safe-Haven Trading: SMI and USD often strengthen during market uncertainty
- Economic Calendar: Fed decisions significantly impact the Dollar Index
- Correlation Analysis: Use correlations between SMI, USD, and other assets