DXY

DXY, or the U.S. Dollar Index, measures the value of the U.S. dollar against a basket of six major currencies: the euro (EUR), Japanese yen (JPY), British pound (GBP), Canadian dollar (CAD), Swedish krona (SEK), and Swiss franc (CHF). It serves as a key indicator of the dollar’s strength in global markets. The index is influenced by factors such as Federal Reserve policies, interest rates, inflation, and geopolitical events. A rising DXY indicates a stronger dollar, while a falling DXY suggests a weaker dollar, impacting commodities, forex pairs, and global trade.