It serves as a gross measure of market activity, indicating the pace at which the nation’s economy is growing or contracting. Generally, a high reading or better-than-expected number is considered positive for the Dollar Index, while a low reading is seen as negative. I didn’t have to search how to use the platform, it’s intuitive. The support chat was there when I had a tiny issue. 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.

US Dollar Forecast: DXY Rises Toward 200‑Day MA as ISM Services Beats Forecasts

The US Dollar Index spot price increases when the USD exchange rate strengthens its position in comparison to other currencies. The market data on this page is currently delayed. 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.

• Whether you’re a bull or a bear this week, here’s an options strategy for you.
• The euro climbed 0.3% to $1.15225, while sterling advanced to $1.3088 after the Bank of England left rates on hold.
• You can follow the ups and downs of the Dollar Index at Capital.com.
• Gold holds gains above the $4,000 mark in the European session on Friday, though it remains below the overnight swing high amid mixed cues.
• The move, however, failed to ignite a broad…

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GBP/USD stays weak near 1.3100 after dovish BoE hold

Its slope indicates the strength of the trend. Longer averages are used to identify longer-term trends. Shorter averages are used to identify shorter-term trends. Many trading systems utilize moving averages as independent variables and market analysts frequently use moving averages to confirm technical breakouts. The Barchart Technical Opinion widget shows you today’s overall 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.

• Fedspeak, the US Supreme Court and US data could challenge the Dollar’s current strength.
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• The USD Index, which measures the value of the Dollar against a basket of peers, is trading at 99.85 in the early European session, up from weekly lows around 99.65.
• HK finfluencer jailed 6 weeks for unlicensed Telegram advice; UK warns of £75M investor losses from rogue promoters.

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Organic demand fuels rally, not just leverage. Germany’s trade surplus shrinks to €15.3bn as imports surge 3.1% vs. 1.4% export gain. HK finfluencer jailed 6 weeks for unlicensed Telegram advice; UK warns of £75M investor losses from rogue promoters. Whether you’re a bull or a bear this week, here’s an options strategy for you. March Euro currency futures present a selling opportunity on more price weakness.

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Post-Diwali demand drops, and a stronger dollar plays a role. Are you tracking these cycles to time your trades? Great spreads, good selection of instruments, well coded toolbox. They helped get my account back Best insurance stock very fast, after i logged myself out by losing my old email, it was so fast you wouldn’t believe it thank you once again. AI stocks shed $500B on valuation fears; Nasdaq dips as jobs data looms. Zcash (ZEC) moons 1270% YTD, breaks $600, nearing $10B market cap.

US DOLLAR INDEX Forecast and News

Fedspeak, the US Supreme Court and US data could challenge the Dollar’s current strength. Aussie and Pound are on divergent paths as respective central banks meet next week. The US Dollar Index (DXY) serves as a benchmark for measuring the relative value of the American dollar to a basket of currencies of the US’s key trading partners.

Supreme Court justices over the legality of reciprocal tariffs introduced during the Trump administration. A ruling against the policy could reduce trade tensions and inflation expectations, further weighing on yields. The US Dollar trims losses on Friday with investors wary of risk following another sell-off on Wall Street, as concerns of an AI bubble remain alive. The USD Index, which measures the value of the Dollar against a basket of peers, is trading at 99.85 in the early European session, up from weekly lows around 99.65. The DXY Index is often used by traders to monitor the value of the USD in comparison 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. When prices are rising they are usually above the average. 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. Losses in the dollar were limited on Thursday after stocks fell, which boosted liquidity demand for the dollar.

The Federal Reserve delivered its second consecutive interest rate cut on Wednesday, lowering its benchmark rate by a quarter-point to a range of 3.75% to 4.0%. The move, however, failed to ignite a broad… The dollar index traded in a narrow range, mostly between 97 and 99, in October. The index has been stuck in neutral, but all fiat currencies have continued to lose value over the past month. Select market data provided by ICE Data Services.

Also, hawkish comments from Chicago Fed President Austan Goolsbee and Cleveland Fed President Beth Hammack were supportive of the dollar when they said they favored no additional Fed rate cuts. A few macroeconomic factors have a significant impact on the US Dollar Index price. These include, among others, inflation and deflation in the US dollar and foreign currencies included in the comparable basket, as well as economic growth and recessions in the respective countries.

The US Dollar Index was introduced by the US Federal Reserve in 1973 after the dismantling of the Bretton Woods Agreement. The constituents of the foreign currency basket were altered only once when several European currencies were subsumed by the euro in early 1999. Nasdaq dips 1.9% on jobs fears & AI valuation worries. Asian tech stocks follow suit, sparking broad market sell-off. Barchart Insider Commentary brings you breaking stories affecting today’s markets.

The dollar faced additional pressure from cross-currency moves. The euro climbed 0.3% to $1.15225, while sterling advanced to $1.3088 after the Bank of England left rates on hold. Though widely expected, the BoE’s decision helped preserve yield differentials relative to the dollar, reinforcing selling pressure in the DXY basket. The yen also strengthened, with USD/JPY falling 0.4% to 153.51, further dragging on the index. In theory, the direction of the moving average (higher, lower or flat) indicates the trend of the market.