United States
DXY Dollar Index
DXY Dollar Index, 1973 = 100, Updates Daily
The DXY Dollar Index measures the value of the United States dollar relative to a basket of foreign currencies. It is a weighted geometric mean of the dollar's value relative to the following currencies: EUR (57.6%), JPY (13.6%), GBP (11.9%), CAD (9.1%), SEK (4.2%), CHF (3.6%). The index is widely followed by traders and media as an indicator of the dollar’s strength, but is no longer representative of the dollar’s value in trade-weighted terms - China, Mexico, South Korea, and Brazil have superseded Sweden and Switzerland as important trading partners.
United States
Trade-Weighted Dollar
Trade-Weighted Dollar Indices, Updates Daily
The Federal Reserve Nominal Advanced Economy Dollar Index is a weighted average of the foreign exchange value of the US dollar against a group of the country’s most important industrialized trading partners. The Real Broad Dollar Index is a weighted average of the consumer price index-adjusted foreign exchange value of the dollar against the currencies of a broad group of major trading partners.
United States
Year to Date Performance
Nominal Dollar Gain (+) / Loss (-) Against Foreign Currencies, % Year to Date, Updates Daily
Represents the percentage change, along with the minimum and maximum change in the nominal exchange rate relative to the US dollar year to date.
United States
Currency Volatility
Realized 3-Month Historical DXY Volatility v. Implied Volatility, 3-Month ATM Options, Updates Weekly
Represents realized volatility - the scale and frequency of moves over the prior three months - and implied volatility - the market’s expectations of moves over the next three months. Realized volatility is measured using the annualized standard deviation of daily returns over a three-month rolling time horizon, and implied volatility is derived from at-the-money three-month currency options.
United States
Annual Movement
Year-To-Date % Change in DXY, Adjusted for Breaks, Updates Daily
Historical Movement compares this year’s exchange rate movement – the thick white line – with movement in previous years – the thinner blue lines – to illustrate the degree to which the rate has moved. Performance is equal to the percentage gain or loss in the exchange rate realized over the number of trading days shown on the horizontal axis.
United States
Speculative Positioning
Net Long (+) or Short (-) US Dollar Futures Position Held by Large Speculators, Billions US Dollars, Updates Weekly
The Commodity Futures Trading Commission's weekly Commitments of Traders report provides a breakdown of the net positions for "non-commercial" (speculative) traders in US futures markets. Market participants follow the data to identify extreme long or short positions in a currency - something that can signal a trend reversal.
United States
DXY-Weighted Yield Differential
US-Foreign 10-Year Government Bond Yield Differential, %, Updates Weekly
Represents the difference between the 10-year US Treasury yield and a weighted basket of 10-year yields for the Euro Area, Japan, the UK, Canada, Sweden, and Switzerland. Positive values indicate higher yields in US dollars relative to other currencies, while negative values imply the opposite.
Latest Analysis
US jobs data underwhelms
02 July, 2026
• US jobs. Non-farm payrolls weaker than expected. Some noise in the monthly report. US Fed rate hike pricing pushed back. USD softer. AUD a bit firmer.• JPY focus. Reports out of Japan indicate officials...
US job creation slows, clobbering Fed tightening bets
02 July, 2026
The US job creation engine slowed in June, weighing on expectations for a renewed tightening cycle from the Federal Reserve in the second half of this year. According to the Bureau of Labor Statistics,...
US jobs report in focus
01 July, 2026
• Risk wobbles. US/European equities slipped back overnight. USD firmer. NZD treading water while AUD underperforms. AUD still tracking sub ~$0.69.• Data trends. On net, more solid US data released the...
Dollar grinds higher into quarter end
30 June, 2026
Good morning. In the absence of any major volatility catalysts, the dollar is adding to its gains and Treasury yields are holding firm, with equity futures pointing to a flat open. Oil prices have fallen...
AUD still on struggle street
29 June, 2026
• Risk rebound. US equities rose overnight after last week’s falls. USD/JPY touched highest point since 1986. AUD treading water just under ~$0.69.• Data pulse. RBA minutes & China PMIs due today....
Dollar holds firm ahead of potentially-dangerous week
29 June, 2026
Good morning. The dollar is holding near a 13-month high and Treasury yields are edging upward as equity futures point to a modest advance at the open, with the Nasdaq set to recover some ground after...
Cross-currents & consolidation
25 June, 2026
• Holding on. Consolidation across most markets after the recent turbulence. USD treads water. AUD hovering near ~$0.69, ~5% from its May peak.• Data flow. AU jobs rebound in May, but that only unwound...
Markets go quiet ahead of US inflation update
25 June, 2026
Good morning. The dollar is edging lower and trading ranges are narrowing across currency markets ahead of the personal consumption expenditures report—the Federal Reserve’s preferred inflation gauge—at...
AUD under pressure
24 June, 2026
• Shaky ground. A bout of risk aversion has washed through markets the past few days. US equities lose ground. USD firmer. AUD down near ~$0.6900.• Macro pulse. US PCE deflator out tonight. Australian...
Dollar keeps steamrolling forward
24 June, 2026
Good morning. The trade-weighted dollar is holding near a sixteen-month high, Treasury yields are slipping, and US equity futures are rebounding after a steep technology-led selloff earlier in the week.
Oil...