Dow Jones unveiled plans last month to launch a new index that will track exchange rates against the euro every 15 minutes.
“The use of the euro in the capital markets has inspired Dow Jones to create an index that tracks the euro,” John Prestbo, editor of Dow Jones Indexes, told the fourth biannual capital markets conference hosted by Hypothekenbank in Essen in June. “The US dollar is the major component,” he said.
Dow Jones Indexes has developed more than 3,000 indices and is best known for its equity products.
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