US Dollar Price — Chart — Historical Data

What drives this market

The U.S. Dollar Index futures contract measures the value of the U.S. dollar against a basket of six major world currencies — the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc — with the euro carrying the largest weight. Price drivers include Federal Reserve interest rate decisions and policy signals, U.S. economic data, inflation differentials between the U.S. and other major economies, and global risk sentiment. A stronger dollar generally makes U.S. exports more expensive and can weigh on commodity prices that are denominated in dollars. The index is quoted as a numerical level representing the dollar's relative value against the basket.

Market context

The U.S. Dollar Index is at 99.005 index points, up about 0.09% today, though it has fallen roughly 0.55% over the past week and approximately 2.0% over the past month. On a longer-term basis, the index is up modestly, gaining about 0.79% year-to-date and approximately 0.69% over the past year.