Description
The U.S. Dollar Index (DXY) is published by the Intercontinental Exchange (ICE) and measures the value of the U.S. dollar relative to a basket of major foreign currencies. The index comprises six currencies: the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona, and Swiss Franc, representing the United States' key trading partners.
An increase in the Dollar Index typically indicates a strengthening of the U.S. dollar against these foreign currencies, which could result from positive U.S. economic outlooks, rising interest rates, or increased global risk aversion. Conversely, a decrease in the index may suggest a weakening of the dollar relative to these currencies, potentially due to strong economic growth in other countries, changes in monetary policy, or reduced demand for the dollar.
This data is released daily, reflecting the real-time value fluctuations of the U.S. dollar against a basket of major currencies.