Glosaary for various finance, investing and trading
The U.S. Dollar Index is a geometrically average of six currencies weighted against the U.S. dollar. The Federal Reserve created it in 1973, and the ICE USDX index is the trading vehicle. The index contains six currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. The euro replaced five European…
A Abenomics Abenomics (a portmanteau of Abe and economics) refers to the economic policies advocated by Shinzō Abe, the Prime Minister of Japan. Abenomics is meant to resolve Japan’s macroeconomic problems. It consists of monetary policy, fiscal policy, and economic growth strategies to encourage private investment. The detailed policies includes inflation targeting at a 2%…