US Dollar Index (DXY) news & analysis
The US Dollar Index (DXY) measures the value of the US dollar against a basket of major world currencies.
The reading
The news
Minor bullish impulse
Priced in
Not yet priced in
What follows
Nothing worth acting on
Reading as of . Research context, not investment advice. It never tells you what to trade.
How a reading is madeWhy is the US Dollar Index up or down today?
Attention is on upcoming US inflation data, with previews pointing to headline CPI around 3.6% to 3.7% lifted by energy while core is seen steady near 2.4%, feeding debate over a possible Fed rate freeze versus a surprise that could revive talk of an October hike. Fed commentary is adding context, including remarks that more rate hikes may be needed to reach the 2% target and concern voiced by Cleveland Fed President Beth Hammack. Questions about whether the dollar rally has stalled are also set against unresolved European challenges and Mideast tensions affecting currency markets.
Updated
Latest news
Monday, October 12
- Asian Currencies Consolidate, But Mideast Tensions Could WeighThe Wall Street Journal
- MUFG: US CPI seen at 3.6%, core must surprise to revive an October Fed hikeInvestingLive
Sunday, October 11
Upcoming economic events
| Event | Forecast | Currency |
|---|---|---|
| Monday, October 12 | ||
| Italian Trade Balance | EUR | |
| MPC Member Breeden Speaks | GBP | |
| Bank Holiday | USD | |
| Bank Holiday | CAD | |
| MPC Member Mann Speaks | GBP | |
| IMF Meetings | All | |
| FOMC Member Hammack Speaks | USD | |
| BRC Retail Sales Monitor y/y | 0.8% | GBP |
Day by day
80 days on record since July 22, 2026. Each column is one day: the bar is its headlines, the mark is the reading at its close.
Recent days
- Sun, Oct 11Neutral18 headlines. The dollar is in focus ahead of September US CPI data, which is expected to show headline inflation lifted by energy to 3.7% while core holds steady at 2.4%.
- Sat, Oct 10Neutral16 headlines. The US Dollar Index stalled under its high as Fed officials repeated hawkish messages, with debate over whether high bond yields are tight enough to replace further hikes and growing fears of Fed rate hikes strengthening the dollar.
- Fri, Oct 9Weak bearish15 headlines. The dollar has stayed elevated as hawkish Federal Reserve minutes and expectations around Fed policy kept it supported alongside higher Treasury yields and rising oil prices.
- Thu, Oct 8Bearish13 headlines. The US Dollar Index has climbed back near its 18-month high as US Treasury yields rose, with the 10-year testing 5.35% to reach 24-year highs.
- Wed, Oct 7Neutral19 headlines. The US Dollar Index has climbed back near its 18-month high and is holding above 102, supported by firm and recovering bond yields.
Frequently asked questions
- What is the US Dollar Index (DXY)?
- The DXY measures the value of the US dollar against a basket of six major currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc.
- What moves the Dollar Index?
- The DXY is driven mainly by US interest-rate expectations, US growth and inflation relative to other economies, and safe-haven flows into or out of the dollar.
- What is the DXY made up of?
- The index is weighted heavily toward the euro (around 58%), followed by the yen, pound, Canadian dollar, krona, and Swiss franc — so EUR/USD moves dominate it.
Not investment advice. For informational purposes only.