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US 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)

90.92
USDX at 90.95 is a little above its 90-DAY average, range 89.34-91.52.
|
14-DAY-HIGH
 
US Dollar Index chart

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US 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 US 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 US Dollar Index ?

The US 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
90.92
2W-HIGH
USD-EUR
0.8286
1D0.5% (1d)2W-HIGH
USD-JPY
106.97
3M-HIGH
USD-GBP
0.7161
4D1.5% (2d)2W-HIGH (1d)
USD-CAD
1.2631
1D0.9% (1d)2W-HIGH (2d)
USD-SEK
8.4193
1D0.6% 2W-HIGH (1d)
USD-CHF
0.9193
1D0.5% 3M-HIGH

US Dollar Forecasts

Rabobank told Bloomberg News that they see the US Dollar strengthening against many currencies this year as inflation picks up maybe leading to higher interest rates in the US, the so called ‘reflation’ trade.

US Dollar Forecasts 2021

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.