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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)

    112.19
    The U.S. Dollar Index at 112.2 is 3.6% above its 90-day average 108.3 with range 105.1-114.1.
    |
    4-DAY-1.7%
    90-DAYHIGH3d
     

     
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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

    USD-X
    112.19
    4D-1.7%
    3MHIGH3d

    The charts below show the 90-day charts of each of the six currencies that comprise the dollar index: USD-EUR, USD-JPY, USD-GBP etc.

    USD-EUR
    1.0201
    4D-2.0%
    3MHIGH3d
    USD-JPY
    144.74
    3MHIGH1d
    USD-GBP
    0.8969
    4D-4.4%
    3MHIGH3d
    USD-CAD
    1.3831
    1D+1.1%
    3MHIGH
    USD-SEK
    11.10
    4D-2.2%
    3MHIGH3d
    USD-CHF
    0.9887
    1D+1.2%
    3MHIGH3d

    US Dollar Forecasts

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

    The strength of the US dollar looks likely to continue when, at the annual Jackson Hole central banker’s getaway, Reserve Chair Jerome Powell said that the US central bank will ‘keep at it’ and is likely to keep raising interest rates to battle surging inflation.

    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

    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.