The Dollar Index (USDX) is a benchmark that measures the overall value of the U.S. dollar in comparison to a basket of six major world currencies. It helps investors and analysts easily determine whether the value of the dollar is rising or falling.
The index quantifies the average value of the U.S. dollar against the following six currencies:
- Euro (EUR): 57.6%
- Japanese Yen (JPY): 13.6%
- British Pound (GBP): 11.9%
- Canadian Dollar (CAD): 9.1%
- Swedish Krona (SEK): 4.2%
- Swiss Franc (CHF): 3.6%
Understanding Dollar Index Movements
- If the Dollar Index rises → The U.S. dollar is strengthening, meaning other currencies in the index are weakening.
- If the Dollar Index falls → The U.S. dollar is weakening, meaning other currencies in the index are strengthening.
How to Check the Dollar Index?
You can monitor the Dollar Index (USDX) through financial news websites, trading platforms, and economic data providers such as:
- Investing.com
- TradingView
- Bloomberg
- Yahoo Finance
- Federal Reserve Economic Data (FRED)
This index is widely used by traders, economists, and policymakers to assess the strength of the U.S. dollar in global markets.
