U.S. Dollar Index (DXY)
The U.S. Dollar Index (DXY) is a price index that measures the value of the U.S. dollar relative to a basket of six major currencies, calculated by Intercontinental Exchange (ICE) using a weighted geometric mean with a base value of 100 in 1973. It serves as a broad benchmark of dollar strength used by markets and policymakers.
Example: If macro data suggests tighter U.S. monetary policy expectations, market participants may observe a higher DXY as the dollar strengthens against the basket of currencies.
💬 Comments