Dollar index and stock market correlation
The US Dollar Index is a leading benchmark for the international value of the US dollar and the world's most widely-recognized, publicly-traded currency index. The US Dollar index measures the value of the U.S. dollar relative to a basket of top 6 currencies: EUR, JPY, GBP, CHF, CAD and SEK. Comprising of 50 largest and the most liquid stocks, The EURO STOXX 50 is a stock index of Euro zone stocks. It is also in the watch list of all the investors out there. By representing the stocks of the 50 major blue chip companies, it is considered to mirror the overall performance of Euro zone stock market.