dxy

DXY

1.2345
0.042%
Swap Short
1,94 Points
Swap Long
-8.23 Points
SELL
1.08491
BUY
1.08505
Low: 1.08491
Spread
High: 1.08505
DXY Trading Chart
Past performance is not a guarantee or prediction of future performance.
Market Hours* Open Now
Closes on
Monday at 00:00
Volatility
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About DXY
DXY represents the US Dollar Index, which measures the value of the US Dollar against a basket of six major world currencies: the Euro (EUR), Japanese Yen (JPY), British Pound (GBP), Canadian Dollar (CAD), Swedish Krona (SEK), and Swiss Franc (CHF). It serves as an indicator of USD strength and is often used by traders to gauge the US Dollar’s performance in the global market.
How to Trade DXY
To trade DXY effectively:
  • 1
    Monitor US Economic Data
    Pay attention to key economic indicators from the US, such as GDP growth, inflation rates, and employment data. These reports can give insight into the strength of the US Dollar and affect the DXY.
  • 2
    Follow Global Market Sentiment
    Monitor global market sentiment, as the performance of major global currencies (EUR, JPY, GBP, etc.) against the US Dollar can directly influence the DXY.
  • 3
    Track US Federal Reserve Policies
    Stay informed on the US Federal Reserve’s monetary policy decisions. Interest rate hikes or cuts, along with quantitative easing programs, can significantly impact the US Dollar’s strength and the DXY.
  • 4
    Set Risk Management
    Use stop-loss orders and proper position sizing to manage risk, especially during times of high market volatility or changes in US economic or Federal Reserve policy.
DXY is influenced by US economic data, global market sentiment, and US Federal Reserve policies. Staying informed on these factors is crucial for successful trading.
Key Factors Affecting DXY
Several factors influence DXY, including:
  • US 
    Economic
    The strength of the US economy, including GDP growth, inflation, and employment data, directly impacts the US Dollar’s value and the DXY index.
  • Global 
    Market
    Performance of the currencies in the DXY basket against the US Dollar is a critical factor. Changes in global market sentiment and currency movements affect the overall DXY index.
  • Federal 
    Reserve
    The policies of the US Federal Reserve, particularly interest rate changes, directly influence the value of the US Dollar and consequently the DXY index.
FAQ - DXY

The DXY is influenced by several key factors:

  • U.S. Economic Data: Key U.S. economic indicators such as GDP growth, employment figures, and inflation data directly impact the movement of the US Dollar, and thus the DXY.
  • Monetary Policy and Interest Rates: The U.S. Federal Reserve’s decisions on interest rates and monetary policy play a central role in shaping the DXY, as they influence the strength of the USD.
  • Global Economic Conditions and Geopolitics: Global market risk sentiment, geopolitical events, and global trade dynamics can drive demand for the USD as a safe-haven asset, affecting the DXY.

There are several benefits to trading DXY:

  • Liquidity: DXY is highly liquid, making it easier to execute trades quickly and at competitive prices.
  • Market Sentiment Indicator: The DXY acts as a barometer for global risk sentiment, allowing traders to gauge the overall strength of the USD relative to a basket of major currencies.
  • Diversification: Trading the DXY allows traders to gain exposure to the U.S. Dollar’s performance against a basket of currencies, providing diversification across multiple markets.

Traders should be mindful of these risks when trading DXY:

  • Global Market Events and Risk Sentiment: DXY is highly sensitive to global economic and political events. Shifts in global risk sentiment or market shocks can cause significant volatility.
  • Dependency on U.S. Economic Performance: Since the DXY is a measure of the U.S. Dollar, poor U.S. economic performance, such as lower growth or high inflation, can lead to a weakened dollar and a drop in the DXY.
  • Cross-Market Correlations: The DXY has strong correlations with other markets, including commodities and equity indices. Unexpected changes in those markets can affect DXY movements.
If you have more questions visit FAQ Page
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. It is important to fully understand the risks involved and seek independent advice if necessary. You should carefully consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money. The value of your investment may go down as well as up.

Please review our Legal Documents to understand the risks involved before you invest. See your rights and responsibilities as a retail client.
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