US Dollar Forecast: DXY Rises Toward 200Day MA as ISM Services Beats Forecasts

To hide/show event marks, right click anywhere on the chart, and select “Hide Marks On Bars”.

The Federal Reserve delivered its second consecutive interest rate cut on Wednesday, lowering its benchmark rate by a quarter-point to a range of 3.75% to 4.0%. The move, however, failed to ignite a broad… The dollar index traded in a narrow range, mostly between 97 and 99, in October. The index has been stuck in neutral, but all fiat currencies have continued to lose value over the past month. Select market data provided by ICE Data Services.

The US Dollar Index spot price increases when the USD exchange rate strengthens its position in comparison to other currencies. The market data on this page is currently delayed. 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.

GBP/USD stays weak near 1.3100 after dovish BoE hold

It serves as a gross measure of market activity, indicating the pace at which the nation’s economy is growing or contracting. Generally, a high reading or better-than-expected number is considered positive for the Dollar Index, while a low reading is seen as negative. I didn’t have to search how to use the platform, it’s intuitive. The support chat was there when I had a tiny issue. At the end of 2019, the DXY traded at 96.5, meaning that the US dollar has slightly depreciated versus the basket of currencies since its establishment in 1973.

  • I didn’t have to search how to use the platform, it’s intuitive.
  • Great spreads, good selection of instruments, well coded toolbox.
  • Many trading systems utilize moving averages as independent variables and market analysts frequently use moving averages to confirm technical breakouts.
  • Treasury yields moved lower across the curve as fixed income markets responded to the deteriorating labor outlook.

Technicals

Its slope indicates the strength of the trend. Longer averages are used to identify longer-term trends. 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. The Barchart Technical Opinion widget shows you today’s overall Barchart Opinion with general information on Elliott waves indicator 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.

The dollar faced additional pressure from cross-currency moves. The euro climbed 0.3% to $1.15225, while sterling advanced to $1.3088 after the Bank of England left rates on hold. Though widely expected, the BoE’s decision helped preserve yield differentials relative to the dollar, reinforcing selling pressure in the DXY basket. The yen also strengthened, with USD/JPY falling 0.4% to 153.51, further dragging on the index. In theory, the direction of the moving average (higher, lower or flat) indicates the trend of the market.

Cross-Currency Moves Reinforce Dollar Weakness

Also, hawkish comments from Chicago Fed President Austan Goolsbee and Cleveland Fed President Beth Hammack were supportive of the dollar when they said they favored no additional Fed rate cuts. 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.

Treasury Yields, Dollar Fall as Data Drought Goes On

Organic demand fuels rally, not just leverage. Germany’s trade surplus shrinks to €15.3bn as imports surge 3.1% vs. 1.4% export gain. HK finfluencer jailed 6 weeks for unlicensed Telegram advice; UK warns of £75M investor losses from rogue promoters. Whether you’re a bull or a bear this week, here’s an options strategy for you. March Euro currency futures present a selling opportunity on more price weakness.

US Dollar Forecast: DXY Falls as Layoff Surge Fuels Fed Rate Cut Bets

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. Nasdaq dips 1.9% on jobs fears & AI valuation worries. Asian tech stocks follow suit, sparking broad market sell-off. Barchart Insider Commentary brings you breaking stories affecting today’s markets.

  • New delayed trade updates are updated on the page as indicated by a “flash”.
  • The market data on this page is currently delayed.
  • The US Dollar Index (DXY) serves as a benchmark for measuring the relative value of the American dollar to a basket of currencies of the US’s key trading partners.
  • The dollar index traded in a narrow range, mostly between 97 and 99, in October.
  • The Quote Overview page gives you a snapshot view for a specific index.

Fedspeak, the US Supreme Court and US data could challenge the Dollar’s current strength. Aussie and Pound are on divergent paths as respective central banks meet next week. The US Dollar Index (DXY) serves as a benchmark for measuring the relative value of the American dollar to a basket of currencies of the US’s key trading partners.

Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc. You can follow the ups and downs of the Dollar Index at Capital.com. 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.

Post-Diwali demand drops, and a stronger dollar plays a role. Are you tracking these cycles to time your trades? Great spreads, good selection of instruments, well coded toolbox. They helped get my account back very fast, after i logged myself out by losing my old email, it was so fast you wouldn’t believe it thank you once again. AI stocks shed $500B on valuation fears; Nasdaq dips as jobs data looms. Zcash (ZEC) moons 1270% YTD, breaks $600, nearing $10B market cap.

US Dollar Index DX-Y NYB Charts, Data & News

Also, hawkish comments from Chicago Fed President Austan Goolsbee and Cleveland Fed President Beth Hammack were supportive of the dollar when they said they favored no additional Fed rate cuts. 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.

User friendly app & interface and good support team. Funds transfer ease & Leverage is an advantage but crypto is highly risky be responsible of your loss limits and risks appetite. Capital.com has been great for both learning and trading. The app is clean, fast, and packed with useful tools. Definitely recommended for beginners and active traders alike.

U.S. Dollar Index Futures Market News and Commentary

Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc. You can follow the ups and downs of the Dollar Index at Capital.com. 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.

US Dollar Index picks up on risk-aversion nearing the 100.00 level

Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. The Quote Overview page gives you a snapshot view for a specific index. During market hours, indices are 15 minute delay, ET. New delayed trade updates are updated on the page as indicated by a “flash”. The Barchart Technical Opinion rating is a 24% Buy with a Weakening short term outlook on maintaining the current direction. Seasonal & correlation patterns suggest gold could be a steal in November or December.

About U.S. Dollar Index

  • They helped get my account back very fast, after i logged myself out by losing my old email, it was so fast you wouldn’t believe it thank you once again.
  • The constituents of the foreign currency basket were altered only once when several European currencies were subsumed by the euro in early 1999.
  • The CBO estimates the shutdown could shave 1–2 percentage points off Q4 growth, with $7 to $14 billion in permanent loss.
  • This is to be expected since the average includes data from the previous, lower priced days.
  • Losses in the dollar were limited on Thursday after stocks fell, which boosted liquidity demand for the dollar.

Gold holds gains above the $4,000 mark in the European session on Friday, though it remains below the overnight swing high amid mixed cues. 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 dollar index (DXY00) on Thursday fell by -0.49%. Also, the dollar is still under pressure from the ongoing US government shutdown. The longer the shutdown is maintained, the more likely the US economy will suffer and the more likely the Fed will have to cut interest rates. Risk appetite has not fully enjoyed the treats of a Fed rate cut, strong earnings and trade peace.

USD: Dollar rally stalls – ING

  • Stocks must have traded for the specified time period in order to be considered as a new High or Low.
  • You can follow the ups and downs of the Dollar Index at Capital.com.
  • The USD Index, which measures the value of the Dollar against a basket of peers, is trading at 99.85 in the early European session, up from weekly lows around 99.65.
  • A ruling against the administration could unwind a chunk of those duties, impacting trade flows and possibly inflation expectations.
  • HK finfluencer jailed 6 weeks for unlicensed Telegram advice; UK warns of £75M investor losses from rogue promoters.

It serves as a gross measure of market activity, indicating the pace at which the nation’s economy is growing or contracting. Generally, a high reading or better-than-expected number is considered positive for the Dollar Index, while a low reading is seen as negative. I didn’t have to search how to use Der die das chart the platform, it’s intuitive. The support chat was there when I had a tiny issue. At the end of 2019, the DXY traded at 96.5, meaning that the US dollar has slightly depreciated versus the basket of currencies since its establishment in 1973.

It also allows them to hedge their bets against any risks with respect to the dollar. When prices are rising 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. Losses in the dollar were limited on Thursday after stocks fell, which boosted liquidity demand for the dollar.

Labor Market Weakness Drags Down Dollar and Yields

Stocks must have traded for the specified time period in order to be considered as a new High or Low. Treasury yields moved lower across the curve as fixed income markets responded to the deteriorating labor outlook. The 10-year yield fell more than 6 basis points to 4.089%, while the 2-year yield dropped to 3.566%. A report from Challenger, Gray & Christmas showed 153,074 job cuts in October—up 183% from September and the highest October figure since 2003. The data intensified concerns about U.S. economic resilience and increased the likelihood of monetary easing before year-end. US Gross Domestic Product (GDP) refers to the total market value of all final goods and services produced in the United States.

With the government shutdown stretching into a 36th day, official figures like Q3 GDP are still MIA. The CBO estimates the shutdown could shave 1–2 percentage points off Q4 growth, with $7 to $14 billion in permanent loss. So far, traders aren’t pricing in that drag — but the risk is out there if the shutdown drags deeper into November. U.S. Dollar Index falls as job cuts surge and Treasury yields drop, raising December Fed rate cut bets.

charts

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. The longer this rally holds, the more it’s running on incomplete data.

Pound Sterling underperforms on easing UK inflation concerns

Supreme Court justices over the legality of reciprocal tariffs introduced during the Trump administration. A ruling against the policy could reduce trade tensions and inflation expectations, further weighing on yields. The US Dollar trims losses on Friday with investors wary of risk following another sell-off on Wall Street, as concerns of an AI bubble remain alive. The USD Index, which measures the value of the Dollar against a basket of peers, is trading at 99.85 in the early European session, up from weekly lows around 99.65. 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.

The index’s value is indicative of the dollar’s value in global markets. The U.S. Supreme Court is reviewing the legality of tariffs imposed under the 1977 emergency powers statute. A ruling against the administration could unwind a chunk of those duties, impacting trade flows and possibly inflation expectations. It’s not moving markets yet, but it’s worth keeping on the radar. 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.