The UX and UI on both the mobile app and web platform are outstanding, making it incredibly easy to navigate. They’ve built a vibrant community of traders and investors, and their UAE team really stands out for delivering an exceptional trading experience. The dollar index (DXY00) Monday rose by +0.30% and posted a 1.5-week high. The weakness in stocks on Monday boosted some liquidity demand for the dollar.
Verification of documents also was done the same day, unlike other platforms where you have to wait a day or two. Select market data provided by ICE Data services. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc. Finally, a close above this level could see the U.S. dollar index climb toward 107, an area the greenback may experience selling pressure on the chart near prominent peaks in October 2023 and November last year.
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- West Texas Intermediate, the US crude oil benchmark, is trading around $66.85 during the early Asian trading hours on Tuesday.
- It is a derivative, and is therefore a complex product.
- Investors now seem convinced that the Fed will keep interest rates steady amid expectations that US President Donald Trump’s tariffs would underpin US inflation.
- The higher tariffs could boost inflation and prevent the Fed from cutting interest rates, a supportive factor for the dollar.
- Always stay on top of the latest price developments with our DXY live chart.
- Gold price attracts fresh sellers amid diminishing odds for a rate cut by the Fed in July.
Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab). You can follow the ups and downs of the Dollar Index at Capital.com and learn more about how to trade DXY. Always stay on top of the latest price developments with our DXY live chart. The US Dollar Index was introduced by the US Federal Reserve in 1973 after the dismantling of the Bretton Woods Agreement.
It serves as a gross measure of market activity, indicating the pace at which the nation’s economy is growing or contracting. Generally, is forex broker dowmarkets scam or not a high reading or better-than-expected number is considered positive for the Dollar Index, while a low reading is seen as negative.
Tariffs are designed to help local producers and manufacturers be more competitive in the market by providing a price advantage over similar goods that can be imported. Tariffs are widely used as tools of protectionism, along with trade barriers and import quotas. The stop loss and take profit work very well; however, when the changes are very fast like at the beginning of the session, the stop loss does not work. If this defect is corrected it will be the perfect platform.
Instrument NameU.S. Dollar IndexInstrument Symbol(DXY)Instrument ExchangeICE/US
As long as prices remain above the average there is strength in the market. 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. Stocks must have traded for the specified time period in order to be considered as a new High or Low. A decisive close below this level could trigger a steeper decline to around 90. All market data (will open in new tab) is provided by Barchart Solutions. It is a derivative, and is therefore a complex product.
US Dollar Index (DXY) hesitates below 97.00 amid the uncertain global trade outlook
Definitely recommended for beginners and active traders alike. Indeed, selling resumed after the index broke down from the flag late last month, possibly setting the stage for further downside. However, while the relative strength index confirms bearish price momentum, it sits just above oversold levels, an area that has coincided with major upswings on several occasions. 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. 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.
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 100% Sell with a Average short term outlook on maintaining the current direction. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only.
EUR/USD climbs to near 1.1750 as tariffs uncertainty downs the US Dollar
Another such episode should not be discarded if hefty levies are finally settled. 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 index’s value is indicative of the dollar’s value in global markets.
Investors now seem convinced that the Fed will keep interest rates steady amid expectations that US President Donald Trump’s tariffs would underpin US inflation. 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. 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. New Highs/Lows only includes stocks traded on NYSE, NYSE Arca, Nasdaq or OTC-US exchanges with over 5 days of prices, with a last price above $0.25 and below $10,000, and with volume greater than 1000 shares.
- The -0.7% month-on-month decline in retail sales coincided with a -0.3% decline in overall services activity in April.
- The author makes no representations as to the accuracy, completeness, or suitability of this information.
- Tariffs are designed to help local producers and manufacturers be more competitive in the market by providing a price advantage over similar goods that can be imported.
- The emergence of some USD weakness might contribute to limiting losses for the XAU/USD pair.
- Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers.
US Dollar Index moves below 97.50 despite increased risk aversion
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I think I’m new in this trading platform, but I find it affordable and most reliable. To be honest I’m not fully experienced trader, but with very limited knowledge of trading I try learn as much as I can by trying out different platforms see if can make money. My interests growing in you platform, l like news updates you also short videos on YouTube, other propaganda, poster and many more. US President Donald Trump sent letters to a first batch of countries, including Japan and South Korea, basically restoring the tariffs announced on April 2.
What is US President Donald Trump’s tariff plan?
While the Fed fund rate announcement Wednesday afternoon seems to be a foregone conclusion, the interest lies in the look ahead at the path the Fed may take. Multiple key catalysts are unfolding in the corn, soybean, and wheat futures markets. US Gross Domestic Product (GDP) refers to the total market value of all final goods and services produced in the United States.
It also allows them to hedge their bets against any risks with respect to the dollar. USD/JPY retreats slightly from a two-week high touched on Monday amid renewed US Dollar selling. A turnaround in the global risk sentiment benefits the Japanese Yen and weighs on the pair. However, worries that Trump’s trade tariffs would complicate the BoJ’s path to rate hikes could continue to support the pair. Capital.com is one of the best stock trading platforms I’ve used.