US USD Index (DXY)
US USD Index (DXY) stood at 101.61 on Oct 16, 2026, according to FRED (FED St. Louis). It is one of the indicators in the USD Index (DXY) and US benchmark interest rates table (Value · Daily), with a complete series running from Dec 1, 2017 to Oct 16, 2026. The complete series with an interactive chart, free to download.
This indicator in the USD Index (DXY) and US benchmark interest rates table
| Indicator | 18-10-2026 | 17-10-2026 | 16-10-2026 | 15-10-2026 | 14-10-2026 | 13-10-2026 | 12-10-2026 | 11-10-2026 | 10-10-2026 | 09-10-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| US Dollar Index (DXY) | 101.61 | 101.76 | 102.29 | 101.97 | 102.34 | 101.97 | |||||
| FED interest rate (upper bound) | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | |
| US 10-Year Treasury Yield | 5.1 | 5.19 | 5.21 | 5.24 |
Understanding US USD Index (DXY)
The US Dollar Index (DXY) measures the relative value of the US dollar against a basket of foreign currencies with fixed weights, published by ICE. The index rises when the US dollar strengthens on average according to the basket structure and falls when the US dollar weakens; it is not the exchange rate of any specific currency pair, does not fully represent all trading partners, and is not an interest rate despite sharing a table with series expressed in percent per annum. Unlike the policy interest rate and bond yields, DXY is a measure of relative currency pricing, influenced simultaneously by both domestic US developments and conditions in the economies comprising the basket.
With daily series, changes compared to the previous session are suitable for tracking market reactions, while year-over-year comparisons help illustrate broader trends but can obscure mid-period reversals. One should not conclude that the US dollar is strengthening based solely on current interest rate differentials: policy expectations, safe-haven sentiment, relative growth, and capital flows can all play a dominant role. Significant fluctuations in a heavily weighted currency can also drive the index even if the US dollar does not appreciate uniformly against all other currencies. Holidays, closing hours, and time zone differences must be taken into account when aligning DXY with yields on the same calendar day.
Frequently asked questions
- Does a higher DXY mean the USD is appreciating against all currencies?
- No. The index is a weighted aggregate, so the USD can still fall against an individual currency.
- Can the DXY be interpreted as an annual percentage rate?
- No. This is an index point level; percentages are only appropriate when calculating the change in the index between periods.
- Why might the DXY fall even when yields rise?
- The yield increase may have been fully priced in, while overseas prospects, risk appetite, or capital flows are unfavorable to the USD.