You can follow the ups and downs of the Dollar Index at Capital.com and learn more about how to trade DXY. Always stay on top of the latest price developments with our DXY live chart. Follow the rate of the US Dollar Index (DXY) in real-time at Capital.com to spot the best trading opportunities. The Reserve Bank of New Zealand (RBNZ) is widely expected to lower the Official Cash Rate (OCR) by 25 basis points (bps) to 3.25% from 3.50% after concluding its May monetary policy meeting on Wednesday. The author has not received compensation for writing this article, other than from FXStreet.
- Gold extends its daily slide and trades deep in negative territory around $3,300 in the second half of the day on Tuesday.
- The Company’s registered office is at #3 Bayside Executive Park, Blake Road and West Bay Street, P. O. Box CB 13012, Nassau, The Bahamas.
- The US Dollar Index was introduced by the US Federal Reserve in 1973 after the dismantling of the Bretton Woods Agreement.
- All market data (will open in new tab) is provided by Barchart Solutions.
- The US Dollar Index spot price increases when the USD exchange rate strengthens its position in comparison to other currencies.
Instrument NameU.S. Dollar IndexInstrument Symbol(DXY)Instrument ExchangeICE/US
- The euro holds the most weight versus the dollar in the index, making up about 57.6 per cent of the weighting, followed by the yen with around 13.6 per cent.
- For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
- Moody’s has downgraded its rating on U.S. sovereign debt by one notch, which has helped lift gold prices.
- Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice.
- James Hyerczyk is a U.S. based seasoned technical analyst and educator with over 40 years of experience in market analysis and trading, specializing in chart patterns and price movement.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is continuing its recovery from a five-week low of 98.70, recorded in the previous session. On Tuesday, the DXY is trading around 99.30 during the European hours. Moody’s has downgraded its rating on U.S. sovereign debt by one notch, which has helped lift gold prices. The precious metal’s outlook appears bullish amid the current macro environment. Crude prices are paring losses on Tuesday as the UK and US markets return from a long weekend on an upbeat market mood. Trump’s decision to delay tariffs on European products has eased concerns about severe damage to global growth and to Oil demand by extension.
I think I’m new in this trading platform, but I find it affordable and most reliable. To be honest I’m not fully experienced trader, but with very limited knowledge of trading I try learn as much as I can by trying out different platforms see if can make money. My interests growing in you platform, l like news updates you also short videos on YouTube, other propaganda, poster and many more. In theory, the direction of the moving average (higher, lower or flat) indicates the trend of the market. 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.
WANT TO LEARN MORE ON US DOLLAR INDEX?
Capital Com Online Investments Ltd is a limited liability company with company number B. Capital Com Online Investments Ltd is a Company registered in the Commonwealth of The Bahamas and authorised by the Securities Commission of The Bahamas with license number SIA-F245. The Company’s registered office is at #3 Bayside Executive Park, Blake Road and West Bay Street, P. O. Box CB 13012, Nassau, The Bahamas. The stop loss and take profit work very well; however, when the changes are very fast like at the beginning of the session, the stop loss does not work. If this defect is corrected it will be the perfect platform.
For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). The table below shows the percentage beaxy exchange review change of US Dollar (USD) against listed major currencies today. Moody’s lowered its United States’ credit rating for the first time since 1917, citing surging debt levels and Washington’s persistent gridlock over budget deficit solutions.
The euro holds the most weight versus the dollar in the index, making up about 57.6 per cent of the weighting, followed by the yen with around 13.6 per cent. The financial services company Moody’s downgraded the US sovereign debt credit rating last week, with markets generally reacting as expected. When prices are rising the physician philosopher’s guide to personal finance 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.
The value of your investment can go down as well as up, and you may get back less than you invest.Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd. 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. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use.
Rising Yields Fail to Support Dollar as Term Premium Surges
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. Traders will likely observe the Durable Goods Orders, the Dallas Fed Manufacturing Index, and the Conference Board’s Consumer Confidence report due later in the North American session. Later this week, the release of the latest FOMC Minutes on Wednesday and the PCE inflation data on Friday will be eyed, seeking fresh impetus for the Federal Reserve’s (Fed) interest rate outlook.
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Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab). All market data (will open in new tab) is provided by Barchart Solutions. 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.
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. Germany is gaining strategic relevance as investors seek diversification away from U.S. policy and fiscal risks—helped by pro-growth reforms and industrial strength. The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row.
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. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. Capital.com is one of the best stock trading platforms I’ve used.
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. Gains in the dollar were limited Tuesday after the US Apr capital goods new orders nondefense ex-aircraft and parts fell more than expected. Also, Tuesday’s stock rally curbed liquidity demand for the dollar. The dollar still has some negative carryover from last Thursday when the House passed President Trump’s tax and spending plan, which would add to the burgeoning US budget deficit. The dollar moved higher Tuesday after President Trump over the weekend extended the deadline for a 50% tariff on US importers of EU goods by about 5 weeks to July 9 from June 1.
The UX and UI on both the mobile app and web platform are outstanding, making it incredibly easy to navigate. They’ve built a vibrant community of traders and investors, and their UAE team really stands out for delivering an exceptional trading experience. James Hyerczyk is a U.S. based seasoned technical analyst and educator with over 40 years of experience in market analysis and trading, specializing in chart patterns and price movement. He is the author of two books on technical analysis and has a background in both futures and stock markets. Treasury yields—30-year bonds traded above 5%, nearing 19-month highs—the dollar has failed to capitalize. According to Pepperstone’s Chris Weston, the uptick in yields is not linked to economic strength but reflects fiscal anxiety.
Foreign buyers are backing away as long-end yields climb due to higher inflation expectations and fears of sustained deficit spending. 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.
To hide/show event marks, right click anywhere on the chart, and select “Hide Marks On Bars”. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Bitcoin (BTCUSD) surged to a fresh all-time high Wednesday, soaring to $109,857 before retreating slightly, and rewriting the crypto record books for the second time this year. The US Government and its Treasury Department impact the US Dollar Index. Events price action patterns such as administration statements, budgets, new laws and regulations or fiscal policy can increase or decrease the value of the DXY.
