Macro
US Dollar Index (DXY) chart
The US Dollar Index measures the value of the US dollar against a fixed, trade-weighted basket of six major currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc. It is expressed in index points, with the euro carrying by far the largest weight in the basket.
This chart displays CAPITALCOM:DXY, a Capital.com instrument tracking the index. The official ICE US Dollar Index itself is not available to free charting widgets, so this series is a proxy instrument rather than the ICE feed directly.
US Dollar Index chart
CAPITALCOM:DXYCapital.com US Dollar Index instrument. The ICE dollar index itself is not available to free TradingView widgets.
Charts by TradingView. Switch instrument from the market charts hub or the related charts below — each one has its own page.
At a glance
| Full name | US Dollar Index (tracked via a Capital.com proxy instrument) |
|---|---|
| Series code / ticker | DXY (official, ICE); CAPITALCOM:DXY (chart source) |
| TradingView symbol | CAPITALCOM:DXY |
| Instrument type | Index proxy instrument |
| Official publisher (underlying index) | ICE (Intercontinental Exchange) |
| Unit of measurement | Index points |
| Publication frequency | Continuous during FX trading hours for the official index |
| Coverage | US dollar against a fixed basket of six major currencies |
| Revision policy | Basket composition and weights are fixed by ICE methodology and changed only rarely |
| Data delay | Depends on the charting provider's feed; not sourced from ICE's own feed |
What is US Dollar Index?
The index is a geometrically weighted average of the dollar's exchange rate against the euro, yen, pound, Canadian dollar, krona and franc. The euro alone accounts for the largest share of the weighting, reflecting the size of eurozone trade with the United States when the basket was originally constructed, which means the index is heavily influenced by movements in EUR/USD specifically.
As with the VIX, this page uses a proxy instrument because the official ICE-calculated index is not distributed to free charting platforms; the tracked series aims to move closely in line with the official index but may show small discrepancies.
How to read this chart
A rising index means the dollar is strengthening against the weighted basket overall; a falling index means the dollar is weakening against the basket overall.
Because the euro dominates the basket weighting, large or sustained moves in EUR/USD typically have an outsized effect on the index compared with moves in the other five currencies.
The index can move in real time during FX market hours; sharp moves often coincide with central bank decisions or shifts in relative interest rate expectations between the US and the other basket economies.
What moves it?
- Relative interest rate expectations
- Diverging expectations for US policy rates versus those of the euro area, Japan, the UK, Canada, Sweden and Switzerland are a primary driver of dollar strength or weakness against the basket.
- Euro-area developments
- Because the euro carries the largest weight, economic data, ECB policy and political developments in the euro area disproportionately influence the index.
- Risk sentiment and safe-haven flows
- The dollar often attracts flows during periods of global risk aversion, which can push the index higher independently of interest rate differentials.
- US trade and current account trends
- Persistent trade or capital flow imbalances can influence longer-run dollar valuation against the basket.
- Relative growth expectations
- Diverging growth outlooks between the US and the basket economies affect capital flows and currency demand.
Why businesses and investors monitor it
Businesses with international revenue or costs use dollar strength or weakness as context for currency hedging decisions and for translating foreign earnings.
A broadly stronger or weaker dollar affects the relative competitiveness of US exports and the cost of dollar-denominated debt for foreign borrowers, which is relevant to trade and financing planning.
US Dollar Index vs EUR/USD
Because the euro is the dominant weight in the basket, the index and EUR/USD are closely, though not perfectly, inversely related: a stronger euro against the dollar generally pushes the index lower, and vice versa.
EUR/USD reflects only the dollar-euro exchange rate, while the index also incorporates the yen, pound, Canadian dollar, krona and franc, so the two can diverge when the dollar moves differently against non-euro currencies.
Frequently asked questions
Why is the euro so important to the US Dollar Index?
The euro carries by far the largest weight in the fixed basket used to calculate the index, so EUR/USD movements have an outsized effect on the overall index level.
Why does this chart use a proxy instrument rather than the official ICE index?
The official ICE-calculated US Dollar Index is not distributed to free charting widgets, so this page uses a comparable Capital.com instrument that tracks the same underlying basket.
Does a rising index mean the dollar is strong against every currency?
Not necessarily against every currency in the world, only against the weighted basket of six currencies included in the index; the dollar could still be weak against a currency outside the basket.
Is the index the same as a trade-weighted dollar index used by the Federal Reserve?
No. The Federal Reserve publishes its own broader trade-weighted dollar indices with different currency compositions and weightings; the ICE US Dollar Index uses a narrower, fixed six-currency basket.
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Sources
Written and maintained by the StandardsDesk editorial team. Last reviewed 2026-08-06. The explanatory text on this page is evergreen: it is not updated with market movements, and no current price or level is quoted anywhere outside the chart.
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