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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)

    93.65
    The U.S. Dollar Index at 93.70 is 0.7% above its 90-day average, range 91.90-94.51.
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    14-DAYLOW
     
       

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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
    93.65
    2WLOW
    USD-EUR
    0.8581
    2WLOW
    USD-JPY
    114.12
    3MHIGH
    USD-GBP
    0.7261
    1MLOW
    USD-CAD
    1.2346
    3MLOW
    USD-SEK
    8.6220
    1D+0.6%
    1MLOW1d
    USD-CHF
    0.9207
    1MLOW

    US Dollar Forecasts

    The USD had a strong month in September, outperforming all the G10 currencies. The gains can be attributed to more ‘hawkish’ commentary from the US Federal Reserve, especially in comparison to the European Central Bank.

    According to OFX the USD trend for October is unclear.

    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.