Dow Jones and CME create FX index for use as hedge against US dollar

Dow Jones and CME index provides dollar hedging tool

Dow Jones Indexes and CME Group have created a foreign exchange index that represents the value of the US dollar against six major world currencies, creating a tool for investors wanting to hedge themselves against changes in the value of the dollar. The Dow Jones CME FX Index uses future contracts on the Australian dollar, sterling, Canadian dollar, euro, yen and Swiss franc. "For people who want to hedge against movements in the value of the dollar, this gives them a diversified way to do s