What Is the U.S. Dollar Index ( DXY ) ?

The US Dollar Index is used to measure the value of the dollar against a basket of six world currencies - Euro , Swiss Franc , Japanese Yen, Canadian dollar , British pound, and Swedish Krona .

DXY is more correlated (inversely) with EURUSD than the others currencies.

It is a weighted geometric mean of the dollar's value relative to following select currencies:

Euro (EUR): 57.6% weight
Japanese yen (JPY): 13.6% weight
Pound sterling (GBP): 11.9% weight
Canadian dollar (CAD): 9.1% weight
Swedish krona ( SEK ): 4.2% weight
Swiss franc (CHF): 3.6% weight

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