U.S. Dollar Index (DXY)
The U.S. Dollar Index (DXY) measures the value of the U.S. dollar against a weighted basket of six major currencies: the euro (57.6%), Japanese yen (13.6%), British pound (11.9%), Canadian dollar (9.1%), Swedish krona (4.2%), and Swiss franc (3.6%). A higher DXY means a stronger dollar; a lower reading means a weaker dollar.
U.S. Dollar Index (DXY)
120.28
+0.08% change
The DXY was established in 1973 when the Bretton Woods system collapsed. It's used by traders, corporations, and policymakers as a benchmark for the dollar's global value. A strong dollar makes U.S. exports more expensive (hurting manufacturers) but lowers the cost of imports (reducing inflation). Emerging market countries with dollar-denominated debt suffer when the DXY rises, as their debts become more expensive in local currency terms.
? Frequently Asked Questions
What is the DXY dollar index?
DXY is the U.S. Dollar Index, which tracks the dollar's value against a basket of 6 major currencies, with the euro being the largest component at 57.6%. It's the benchmark measure of global dollar strength.
What does a high DXY mean?
A high DXY means the dollar is strong relative to other currencies. This is generally negative for U.S. exporters (their products cost more abroad), positive for U.S. consumers (cheaper imports), and often negative for emerging market economies with dollar debt.
What is a normal DXY level?
The DXY started at 100 in 1973. Values above 100 indicate the dollar is stronger than its 1973 baseline; values below 100 indicate weakness. The DXY reached 165 in 1985 (before the Plaza Accord) and 70 in 2008.
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