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is no longer representative of the dollar’s value in trade-weighted terms - China, Mexico, South Korea, and Brazil have superseded Sweden and Switzerland as important trading partners.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 Fed shifting course?
14 May, 2026
• US data. Solid US retail sales underpinned sentiment. Upshift in US interest rate expectations & weaker GBP boosted the USD. AUD slipped back.• Macro pulse. Markets toying with the idea the US Fed...
Yuan step at a time
14 May, 2026
It has become a cliché to say that America and China operate on entirely different historical timescales—but sometimes clichés contain a grain of truth. As Donald Trump meets Xi Jinping this week, talk...
Trading ranges compress as newsflow slows
14 May, 2026
Good morning. Price action in currency markets is slowing to a crawl and the dollar is consolidating yesterday’s gains as traders keep their powder dry amid a lack of clear directional catalysts. Brent...
Oil prices resume climb, inflation fears stalk global bond markets
13 May, 2026
Good morning. Oil prices are holding yesterday’s gains and the dollar is advancing on reports suggesting that the Trump administration is considering rebranding* its war with Iran as “Operation Sledgehammer”...
US inflation pulse reawakening
12 May, 2026
• Market wobbles. Faster US inflation dampened the mood. US equities dipped, bond yields rose. USD firmer. AUD drifted back but still at elevated levels.• AU Budget. A lot of the big ticket items already...
The shekel paradox
12 May, 2026
The factors driving Israel’s currency higher may owe less to Jerusalem than to Silicon Valley
The Israeli shekel’s surge to a 33-year high against the dollar—breaching the psychologically...
US inflation slightly exceeds expectations, underpinning the dollar
12 May, 2026
Underlying consumer prices climbed by slightly more than expected in the United States last month, reinforcing the case for a tightening bias from the Federal Reserve, and putting modest upward pressure...
Dollar grinds higher as inflation data looms and oil prices rise
12 May, 2026
Good morning and happy US inflation day to all who celebrate. The dollar is advancing and Treasury yields are edging higher in the run-up to the week’s most important data release at 8:30, which is expected...
US-Iran negotiations fall apart—again—leading to reversal in currency markets
11 May, 2026
The dollar is advancing against its major rivals, buoyed by Friday’s stronger-than-expected payrolls report and yet another collapse in US-Iran peace talks*. Days after the Trump administration triggered...
Two steps forward, one step back
10 May, 2026
• Push-pull forces. Positive US jobs offset by US rejecting Iran’s latest offer. US equity futures dipped & oil higher this morning. AUD at elevated levels.• Macro news. Australian budget in...