Doller Index
US DOLLAR: Dow Jones PCM Dollar Index Basket
A Simple Way To Trade the US Dollar

The Dow Jones PCM Dollar Index Basket (US DOLLAR) is a tradable instrument offered by PCM. It has several advantages for traders:
Us dollerSimplicity: Do you think the US dollar will rise? It is easy to put that opinion into action. Buy US DOLLAR. Do you think the dollar will fall? Sell US DOLLAR. Simply click Buy or Sell in your PCM account.

Low Spreads: US DOLLAR combines four of the lowest-spread currency pairs in forex to make a low-spread, inexpensive, and very liquid trading instrument with no commissions* or expense ratio.

Earn Rollover: Take advantage of higher interest rates outside the USA when selling US DOLLAR. Interest is paid daily.

Geographic Diversification: US DOLLAR was equally weighed at its inception against the Euro, the British Pound, the Japanese Yen, and the Australian Dollar, giving traders exposure to markets in Europe, Asia, and Australia.

Available 24 Hours: Like most currency pairs at PCM, US DOLLAR is available 24 hours a day, five days a week.

1 lot is equivalent to 10,000 USD on January 1, 2011. The value of the lot changes as the price of US DOLLAR changes.

Vital Statistics US Dollars
Target Spread 2 to 3 pips
Margin Requirement** 57.5 USD per lot
Minimum Trade Size 1 lot
Pip cost 1 USD per lot traded
Index Average Daily Range 38 pips in 2010


NOTE: PCM strives to provide traders with tight, competitive spreads; however, there may be instances when market conditions cause spreads to widen beyond the typical spreads displayed.

**Trading on margin can both positively and negatively affect your trading experience as both profits and losses can be dramatically amplified.


The Dow Jones PCM Dollar Index Basket (US DOLLAR) is exclusive to PCM. Here's how you get started.

Sign up for a Demo Account [ Free Demo Account ]
Download the PCM Trading Station II Platform  [ Download Platform ]
Log in and start trading. Simply buy or sell US DOLLAR

The US DOLLAR is only available for live trading through Forex Capital Markets, Limited. The US DOLLAR may only be traded on a Demo Account through Forex Capital Markets, LLC.

The US DOLLAR is executed using a Dealing Desk execution model. In a Dealing Desk model, the broker assumes market risk for client positions and does not use straight through order processing. This differs from all other PCM forex products. All other PCM forex products use the No Dealing Desk Forex Execution model and process orders using straight through processing.


The Dow Jones PCM Dollar Index Basket is designed to correspond to the price performance of the US dollar, as represented by the Dow Jones PCM Dollar Index. It reflects the change in value of the US dollar measured against a basket of the most liquid currencies in the world: the Euro, British pound, the Japanese yen, and the Australian dollar.

The Dow Jones PCM Dollar Index began on January 1, 2011, at a value of 10,000.00. It represents an equivalent $10,000 position in each of the four currencies that make it up.

The value of the index is the value of the equivalent US Dollar position against these currencies. It rises when the Dollar rises against the Euro, the British Pound, and the Australian Dollar and falls as the Dollar depreciates compared to these currencies. For example, if the US dollar rallies 100 pips against each the EUR, GBP, JPY, and AUD, the index will appreciate by approximately 100 points. It's that simple.

The Dow Jones PCM Dollar Index Basket, which is shown on PCM's trading platforms as US DOLLAR, is composed in the same way. Its tradable quotes are based on the current EUR/USD, USD/JPY, GBP/USD, and AUD/USD rates quoted by PCM.

*PCM is compensated by a mark-up, which is automatically added to the spreads it receives from its liquidity providers, PCM may also receive compensation for order flow from its liquidity providers. PCM does not charge commissions on standard accounts, however, commission charges may apply for certain classes of non-standard accounts such as Active Trader.