New York—The Wall Street Journal
has debuted the Wall Street Journal Dollar Index. The index, which targets traders and corporate treasurers, is designed to provide a more precise measure of the value of the U.S. dollar.
The index was developed by DJ FX Trader, a specialized foreign exchange news service from Dow Jones & Co., which publishes the Journal
. It is based on the latest data on total foreign exchange trading volume from the Bank for International Settlements.