DXY — U.S. Dollar Index Chart — TradingView (2024)

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Overview

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DXY chart

Key data points

Volume

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Previous close

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Open

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Day's range

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About U.S. Dollar Index

The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies. DXY was originally developed by the U.S. Federal Reserve in 1973 to provide an external bilateral trade-weighted average value of the U.S. dollar against global currencies. U.S. Dollar Index goes up when the U.S. dollar gains "strength" (value), compared to other currencies. The following six currencies are used to calculate the index:

Euro (EUR) 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP) 11.9% weight
Canadian dollar (CAD) 9.1% weight
Swedish krona (SEK) 4.2% weight
Swiss franc (CHF) 3.6% weight

Ideas

📈 DXY Hits 111.11 👆Followed by 113/14Hello my fellow trader, financial market analyst, Cryptocurrency lover; readers and supporters, how are you feeling today?Conclusion? 👉 The DXY is bullish! (You know what this means?)Let's read the chart together for learning purposes, fun and entertainment, or just to clear any doubts regar

Long

by AlanSantana

DXY Close To a Big Price ReversalDXY Close To a Big Price Reversal DXY is about to complete a big harmonic pattern on the daily chart.This shows that we may have a weaker USD during the coming days.The reason can be related to the FOMC and when the rate cut will happen.It's unclear if the market sees the FED hawkish comments

Short

by KlejdiCuni

CLEAR SHORTAfter a major BOS, It makes much sense that the DXY will fall back and fill the imb left below.

Short

by Michael565

US DOLLAR INDEX ((DXY): Intraday Bearish Setup 💵 💲We observed two unusual breakouts on the DXY chart. The market had been in a consolidation phase for about a week plus, during which the price formed a triangle pattern and a horizontal range. Both the triangle support and the range were broken, indicating strength in selling pressure. This su

Short

by linofx1

DXY sell setupEntry: 105.879Stop loss: 106.297Take profit: 104.129

Short

by luvo87d

Related symbols

USDOLLAR

Dow Jones FXCM Dollar Index

USDOLLAR

DX1!

FUTURES CONTRACT ON ISHARES CORE DAX UCITS ETF

DX1!

USDEUR

U.S. Dollar / Euro

USDEUR

EURUSD

Euro / U.S. Dollar

EURUSD

DX2!

FUTURES CONTRACT ON ISHARES CORE DAX UCITS ETF

DX2!

Frequently Asked Questions

The current value of

U.S. Dollar Index

105.572

USD

— it has fallen by

0.24

% in the past 24 hours.

U.S. Dollar Index

value has decreased by

0.34

% in the past week, since last month it has shown a

1.30

% increase, and over the year it's increased by

3.69

U.S. Dollar Index

is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy

U.S. Dollar Index

futures or funds or invest in its components.

The lowest ever quote of

U.S. Dollar Index

70.698

USD

. It was reached on

Mar 17, 2008

U.S. Dollar Index

reached its highest quote on

Feb 25, 1985

—

164.720

USD

DXY — U.S. Dollar Index Chart — TradingView (2024)

FAQs

Is DXY on TradingView? ›

DXY Chart — USD Currency Index Quote — TradingView.

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How do you read a DXY chart? ›

Interpreting and Trading the U.S. Dollar Index (DXY)?

Simply put, if the USDX goes up, that means the U.S. dollar is gaining strength or value when compared to the other currencies. Similarly, if the index is currently 80, falling 20 from its initial value, that implies that it has depreciated 20%.

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What is the strategy of DXY trading? ›

DXY Day Trading: Winning Strategies Unveiled

Look for trends in the US dollar and monitor interest rate announcements for potential trading opportunities. Use technical analysis to identify key levels of support and resistance. Set tight stop-loss orders to protect against potential losses.

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Why is DXY falling? ›

Broadly, there are 3 reasons that led to the sharp fall in DXY. Firstly, the COVID-19 scare has been much more violent in the US than in the rest of the world. The way growth has contracted and joblessness has risen in the US, the apprehension is that the rebound may be much slower in the US compared to EU and Asia.

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Is USD and DXY the same? ›

The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies.

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Do people trade DXY? ›

By trading the US Dollar Index rather than any one currency pair, investors can spread the risk inherent in the forex market, which is highly volatile, and take a position on broader macroeconomic trends rather than factors specific to one country. You can trade the US Dollar Index (DXY) just like an equity index.

How the US Dollar Index can help your trading? ›

The USDX can be used as a proxy for the health of the U.S. economy and traders can use it to speculate on the dollar's change in value or as a hedge against currency exposure elsewhere. Intercontinental Exchange. "U.S. Dollar Index Contracts - FAQ." Intercontinental Exchange.

Does DXY affect gold? ›

The relationship between the DXY index and the price of gold is an important one for gold traders and investors to understand. A rising DXY index can put downward pressure on the price of gold, while a falling DXY index can increase demand for gold and drive up its price.

Symbol	Last	3M %Chg
$DXY	105.19	+2.37%
U.S. Dollar Index
UUP	28.88	+3.87%
DB US Dollar Index Bullish Fund Invesco