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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)

        101.95
        The U.S. Dollar Index at 102.0 is 2.8% below its 90-day average 104.9 with range 101.6-113.0.
        |
        USDX :
        14-DAY▲HIGH
         
         
        Track Rate

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        U.S. Dollar Index - What is it?

        The U.S. Dollar Index is a 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 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
        0.9187
        USDEUR :
        3M▼LOW1d
        USD-JPY
        129.91
        USDJPY :  no alerts
        USD-GBP
        0.8120
        USDGBP :
        1M▼LOW1d
        USD-CAD
        1.3307
        USDCAD :
        2M▼LOW
        1D▲+1.0%
        USD-SEK
        10.42
        USDSEK :
        2W▲HIGH
        1W▲+2.2%
        USD-CHF
        0.9161
        USDCHF :
        3M▼LOW
        1D▼-1.0%

        US Dollar Forecasts

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

        Economists expect the US dollar’s strength over the past year to reverse in 2023 as the Fed’s interest rate hikes cycle to an end.

        A clear reflection of this is that the US Dollar index (measure of the USD strength against basket of currencies) which has pulled back from 20 year highs.

        USD Forecasts

         

        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.