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Currency Index CFDs

Currency indices are a key tool for forex traders. They measure direct changes in the value of a currency against a basket of other currencies. This differs from a typical currency pair which only involves two currencies. For example, the US dollar index measures the value of the US dollar against a basket of currencies, including the euro, yen, pound sterling, Canadian dollar, Swiss franc, and Swedish krona.

Traders can use currency index CFDs to potentially find new trading opportunities beyond the usual currency pairs.

Symbol

Razor Min Spread

Razor Avg Spread

Standard Min Spread

Standard Avg Spread

EURX

1.0

1.0

1.0

1.0

JPYX

1.0

1.0

1.0

1.0

USDX

5.0

5.2

5.0

5.2

FAQs

What are Currency Index CFDs?

They are financial derivatives that allow traders to speculate on the overall performance of a currency relative to a basket of other currencies.

What is the benefit of trading Currency Index CFDs?

Currency index CFDs provide traders with a broader approach to the forex market. For example, if you believe the US Dollar is likely to strengthen against multiple other currencies, then the US Dollar Index could help you gain that exposure without having to open positions on multiple USD pairs.

What are some popular Currency Index CFDs that traders are focusing on?
  • US Dollar Index
  • Euro Index
  • Japanese Yen Index

*All spreads are generated from data between 01/07/2025 and 31/07/2025

 

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© 2025 Pepperstone Markets Limited | Company registration number 177174 B | SIA-F217

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

81.1% of retail investor accounts lose money when trading CFDs with this provider.

You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

You don't own or have rights in the underlying assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your or your client's personal objectives, financial circumstances, or needs. Please read our RDN and other legal documents and ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice.

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