An index that measures the value of the U.S. dollar relative to a basket of foreign currencies.
The U.S. Dollar Index (DXY) is a measure of the strength of the U.S. dollar relative to a weighted basket of six major world currencies, including the Euro, Japanese Yen, British Pound Sterling, Canadian Dollar, Swedish Krona, and Swiss Franc. It is often used as an indicator of global economic sentiment and the relative health of the U.S. economy.