United States
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is no longer representative of the dollar’s value in trade-weighted terms - China, Mexico, South Korea, and Brazil have superseded Sweden and Switzerland as important trading partners.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
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
Latest Analysis
Relief Washes Over Markets As US Dials Down Rhetoric
23 April, 2025
The dollar is strengthening, yields are edging lower, and North American equity markets are barrelling toward a second day of gains after the Trump administration appeared to soften its stance on several...
Selling Moderates as Assault on Fed Independence Slows
22 April, 2025
The greenback is finding its footing once again after selling pressure intensified during yesterday’s session when President Trump doubled down on his attacks against Federal Reserve chair Jerome Powell....
Markets Plunge as Trump Administration Steps Up Threats Against Fed
21 April, 2025
Financial markets are getting hit again this morning, with US equity indices, Treasuries, and the dollar all tumbling in synchrony as investors assess new threats to the Federal Reserve’s independence...
US pain points
16 April, 2025
• US trends. US equities lost ground, as did bond yields & the USD. This helped currencies like EUR, AUD, & NZD lift. USD/JPY at multi-month lows.• Central banks. BoC surprised by keeping rates...
In the eye of the storm?
15 April, 2025
• Calmer markets. European equities rose, while US markets gave back initial gains. EUR lost a bit of ground. AUD & NZD edged higher.• Tariff news. Tariff-related developments somewhat negative. EU/US...
Tariff Confusion Leaves Markets Rudderless
14 April, 2025
Financial markets are staging a modest relief rally after the Trump administration seemed to quietly grant a partial tariff carveout to smartphones and consumer electronics – helping ease fears of...
USD remains under pressure
13 April, 2025
• Upbeat tone. US equities rose on Friday, so did commodities. This, & the decline in the USD helped the AUD & NZD extend their upswings.• Tariff news. US announced various electronics imported...
Extreme Turbulence Grips Global Markets
11 April, 2025
Measures of financial stress are easing this morning after an absolutely wild night in global markets. The dollar is consolidating its losses after enduring something resembling a “flash crash” as Asian...
Made in America
10 April, 2025
• Risk wobbles. Concerns about a US-China trade war remain. US equities slipped back & the USD lost ground. AUD & NZD pushed higher.• Tariff impacts. US’ effective tariff rate is still very...
Relief Rally Runs Out of Steam Despite Tame US Inflation Data
10 April, 2025
Stock-index futures are edging lower and the dollar is weakening once more as the initial optimism sparked by yesterday’s tariff reversal yields to a more measured assessment of the risks still facing...