The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies. DXY was originally developed by the U.S. Federal Reserve in 1973 to provide an external bilateral trade-weighted average value of the U.S. dollar against global currencies. U.S. Dollar Index goes up when the U.S. dollar gains "strength" (value), compared to other currencies. The following six currencies are used to calculate the index:
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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Popular thoughts and analysis from traders watching this symbol at the moment.
DXYIt’s Fed Day and all eyes will be on Jay Powell who will update on the Federal Reserve’s rate decision.
DXYThe greenback was hesitant on its next move right after CPI arrived, ending up pretty much unchanged.
DXYThe greenback is sitting tight in forex deals ahead of the much-hyped nonfarm payrolls figures.
DXYThe greenback pared back some gains over the past few days with rival currencies speeding up a bit.
DXYUS Consumer Confidence data fell below estimates, shaking the greenback out of whack.
DXYAfter declining almost consistently since November, the DXY has been slowly regaining some of its strength.
DXYNew economic data shows some signs that the beast that is inflation might be beginning to be tamed.
DXYUS jobs data has helped major indexes out of a recent slump, but the dollar hasn’t fared as well.
DXYThe mighty greenback reminds us what makes it mighty, bouncing back from its recent slouch while others fall into the red.
DXYThe dollar is going from strength to strength as the market anxiously awaits news from the FOMC just after Putin gives an update on Russia.
DXYThe dollar is steamrolling its way through the FX market with such strength that government officials from around the world are having to get vocal about it.
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Dow Jones FXCM Dollar IndexUSDOLLAR
USD/EURUSDEUREUR/USDEURUSD
