Newbie question here. As the DJIA and the FTSE 100 are used in to gauge the relative strength of the USD and GBP, the DAX is a recommended measure for the EUR.
My question is why isn’t a more weighted Eurozone index used? While looking around I found the Euro Stoxx 50 ( SX5E) a possible alternative. There’s even a broader S&P500 like index in Euro Stoxx (SXXGT).
kind regards, Dims