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is no longer representative of the dollar’s value in trade-weighted terms - China, Mexico, South Korea, and Brazil have superseded Sweden and Switzerland as important trading partners.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
Risk reversal
14 July, 2026
• Market rebound. Pres. Trump backtracks on Strait of Hormuz levy. US CPI softer. Odds of a July Fed hike pared back. USD weaker. AUD & NZD rise.• Data pulse. US CPI underwhelms, but Fed Chair Warsh...
Underlying US inflation decelerates sharply, taking a July rate hike off the table
14 July, 2026
Underlying consumer price growth turned negative in the United States last month, smashing the case for an imminent rate hike from the Federal Reserve, and adding to the downward pressure building against...
Dollar retreats as traders batten the hatches ahead of inflation print
14 July, 2026
Good morning. Oil prices are up nearly 15% from Friday’s close and the dollar is retreating after an escalation between Washington and Tehran led to a collapse in shipping through the Strait of Hormuz,...
Sentiment sours
13 July, 2026
• Risk wobbles. Renewed US/Iran tensions dampen risk sentiment. Oil prices jump, US equities dip, & USD firmer. AUD slips back.• US data flow. Fed’s Waller ‘hawkish’. Markets pricing...
Iran escalation lifts crude prices, leaves currencies mostly unmoved
13 July, 2026
Good morning. Oil prices are in the ascendant once again after another military escalation between the United States and Iran reignited fears of a prolonged disruption in energy shipments through the Strait...
Canadian dollar inches higher after jobs number beats expectations
10 July, 2026
The Canadian economy again generated more jobs than anticipated last month, further lowering the likelihood of an economic downturn and allowing policymakers at the Bank of Canada to remain squarely focused...
Bought and paid for?
09 July, 2026
A few years ago three behavioural-finance researchers put a deceptively simple question* to more than 26,000 people—academic economists, ordinary households, retail investors, financial advisers and professional...
Market momentum slows as clashes between the US and Iran continue
09 July, 2026
Good morning. Oil prices and currency markets are stabilising after yet another escalation in the conflict between the United States and Iran left the status quo* in the Strait of Hormuz largely intact....
Breakdown in US-Iran ceasefire triggers whiplash across currency markets
08 July, 2026
Good morning. The dollar is advancing and oil prices are climbing after a fragile ceasefire between the US and Iran collapsed, endangering a nascent recovery in global energy supplies. A series of Iranian...
Markets steady as data cadence slows and underlying trends stay in place
07 July, 2026
Good morning. Foreign exchange markets are enjoying a quiet, range-bound session, with most currencies little changed against the dollar amid a lack of first-tier economic data and a paucity of geopolitical...