DXY Chart USD Currency Index Quote

The index is affected by macroeconomic factors, including inflation/deflation in the dollar and foreign currencies included in the comparable basket, as well as recessions and economic growth in those countries. The company reports its Q4 results after the closing bell on Wednesday, rfp for software development the 21st of February. We preview what to expect from Nvidia’s earnings and analyse the technicals of its stock price. At the end of 2019, the DXY traded at 96.5, meaning that the US dollar has slightly depreciated versus the basket of currencies since its establishment in 1973.

The dollar index has gone to sleep in a 103 to 104 trading range. After trading below the 100 level in July and above 107 in October, the index has not moved much as stability returned to the dollar against… The euro is, by far, the largest component of the index, making up 57.6% of the basket. The weights of the rest of the currencies in the index are JPY (13.6%), GBP (11.9%), CAD (9.1%), SEK (4.2%), and CHF (3.6%).

  1. The euro is the pan-European currency that changed the foreign exchange market at the turn of this century.
  2. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
  3. We preview what to expect from Nvidia’s earnings and analyse the technicals of its stock price.
  4. The index calculation is simply the weighted average of the U.S. dollar exchange rates against these currencies, normalized by an indexing factor (which is ~50.1435).
  5. The index’s value is indicative of the dollar’s value in global markets.

It was established shortly after the Bretton Woods Agreement was dissolved. As part of the agreement, participating countries settled their balances in U.S. dollars (which was used as the reserve currency), while the USD was fully convertible to gold at a rate of $35/ounce. This is to be expected since the average includes data from the previous, lower priced days. As long as prices remain above the average there is strength in the market.

New Highs/Lows only includes stocks traded on NYSE, NYSE Arca, Nasdaq or OTC-US exchanges with over 5 days of prices, with a last price above $0.25 and below $10,000, and with volume greater than 1000 shares. The New Highs/Lows widget provides a snapshot of US stocks that have made or matched a new high or low price for a specific time period. Stocks must have traded for the specified time period in order to be considered as a new High or Low. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating.

Calculate your hypothetical P&L if you had opened a CFD trade on a certain date (select a date) and closed on a different date (select a date). Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. While some like to say they were surprised by what the US Fed did and said, the reality is there has been plenty of time to plan ahead based on previous comments.

The bearish trend in the U.S. dollar index took it from a twenty-year high in September 2022 to below the 100 level in July 2023. After probing under the psychological level, the index has recovered as… Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. The U.S. Dollar Index has risen and fallen sharply throughout its history. Over the last several years, the U.S. dollar index has been relatively rangebound between 90 and 110.

Major Stock Indexes

Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded. While the Magnificent Seven have dominated market momentum in recent months, it’s not true that they are the sole drivers of the recent rally in equity markets. Follow the rate of the US Dollar Index (DXY) in real-time at Capital.com to spot the best trading opportunities. The Barchart Technical Opinion rating is a 8% Buy with a Weakest short term outlook on maintaining the current direction. Silver futures have looked like they will explode higher on rallies, but corrections make them appear to fall into a bearish abyss. Over the past six months, selling silver when it looks the best and buying…

How to Trade the USDX

Many trading systems utilize moving averages as independent variables and market analysts frequently use moving averages to confirm technical breakouts. An index value of 120 suggests that the U.S. dollar has appreciated 20% versus the basket of currencies over the time period in question. Simply put, if the USDX goes up, that means the U.S. dollar is gaining strength or value when compared to the other currencies. In the coming years, it is likely currencies will be replaced as the index strives to represent major U.S. trading partners. It is likely in the future that currencies such as the Chinese yuan (CNY) and Mexican peso (MXN) will supplant other currencies in the index due to China and Mexico being major trading partners with the U.S. The index started in 1973 with a base of 100, and values since then are relative to this base.

Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice. Any examples given are provided for illustrative purposes only and no representation is being made that any person will, or is likely to, achieve profits or losses similar to those examples.

Dollar markets are open, which is from Sunday evening New York City local time (early Monday morning Asia time) for 24 hours a day to late Friday afternoon New York City local time. The dollar index (DXY00) on Friday finished little changed, down by -0.01%. Friday’s rally in the S&P 500 to a new record high curbed liquidity demand for the dollar. Comments from New York Fed President Williams were negative for the dollar when he said he expects consumer spending growth to slow this year.

Time to Upgrade!

The dollar has support from lowered expectations for Fed rate cuts as the chances for a Fed rate cut at the April 30-Mai FOMC meeting dropped to 23% from 75% a month ago. Similarly, if the index is currently 80, falling 20 from its initial value, that implies that it has depreciated 20%. The appreciation and depreciation results are a factor of the time period in question. For the major indices on the site, this widget shows the percentage of stocks contained in the index that are above their 20-Day, 50-Day, 100-Day, 150-Day, and 200-Day Moving Averages. Gold made an ominous bearish technical pattern when it made a double-top, reaching $2,072 per ounce in March 2022 and May 2023. Since the latest peak, the price action turned bearish, with the precious…

Financial markets are counting on consumer-price inflation to fall below 3% for first time since 2021

The euro is the pan-European currency that changed the foreign exchange market at the turn of this century. The dollar index measures the U.S. currency against the other leading reserve currencies. Interest rate differentials are the most significant factor for the… For instance, the Invesco DB U.S. Dollar Index Bullish Fund (UUP) is an ETF that tracks the changes in value of the US dollar via USDX future contracts. The Wisdom Tree Bloomberg U.S. Dollar Bullish Fund (USDU) is an actively-managed ETF that goes long the U.S. dollar against a basket of developed and emerging market currencies. ICE provides live feeds for Dow Futures that appear on Bloomberg.com and CNN Money.

The Dollar Index Is Down 4%: What Next For The Forex Market?

The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. You can follow the ups and downs of the Dollar Index at Capital.com. Always stay on top of the latest price developments with our DXY live chart.

DailyFX Limited is not responsible for any trading decisions taken by persons not intended to view this material. An overvaluation of the USD led to concerns over the exchange rates and their link to the way in which gold was priced. President Richard Nixon decided to temporarily suspend the gold standard, at which point other countries were able to choose any exchange agreement other than the price of gold. In 1973, many foreign governments chose to let their currency rates float, putting an end to the agreement. The U.S. dollar index allows traders to monitor the value of the USD compared to a basket of select currencies in a single transaction. It also allows them to hedge their bets against any risks with respect to the dollar.

The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to a basket of foreign currencies. Federal Reserve in 1973 after the dissolution of the Bretton Woods Agreement. https://forexhero.info/ It is now maintained by ICE Data Indices, a subsidiary of the Intercontinental Exchange (ICE). A few macroeconomic factors have a significant impact on the US Dollar Index price.



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