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    U.S. Dollar Index

    The U.S. Dollar Index is an overall measure of the value of the USD relative to a basket of foreign currencies.

    The code for the index is USDX or DXY.

     

    Latest US Dollar Index (USDX)

    105.44
    The U.S. Dollar Index at 105.1 is 2.1% above its 90-day average 102.9 with range 99.48-105.5.
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    14-DAYHIGH
     
       
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    U.S. Dollar Index - What is it?

    The U.S. Dollar Index is an measure of the value of the United States dollar relative to a basket of six foreign currencies. The Index goes up when the U.S. dollar is stronger compared to other currencies.

    For some relative context, the U.S. Dollar Index started in 1973 at the value of 100.000. It has since traded as high as 164.72 in February 1985, and as low as 70.69 in March 2008.

    Which currencies are in the U.S. Dollar Index ?

    The U.S. Dollar Index is a weighted geometric mean of the US dollar's value relative to following six 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

    The table below compares the USD-X 90 day trend relative to the USD directly against each of the six index currencies: USD-EUR, USD-JPY, USD-GBP etc.

    USD-X
    105.44
    2WHIGH
    USD-EUR
    0.9620
    2WHIGH
    USD-JPY
    136.20
    1D+0.7%
    2WLOW1d
    USD-GBP
    0.8278
    2WHIGH
    USD-CAD
    1.2863
    2WLOW
    USD-SEK
    10.37
    1W+2.1%
    3MHIGH
    USD-CHF
    0.9619
    2MLOW4d

    US Dollar Forecasts

    The US Dollar has proven itself to be a safe haven amid the Ukraine-Russia conflict as investors seek refuge from the uncertainty.

    A clear reflection of this is that the US Dollar index (measure of the USD strength against basket of currencies) is approaching 20 year highs.

     USD Outlook

    Forecasts for the US dollar change all the time, affected by news events and relative sentiment towards the US economy.

    Read our US Dollar Forecasts, Trends and News for a review of forecasts from banks and FX experts as well as news and recent movements of USD in the currency markets.