DXY dollar indexUS DOLLAR CURRENCY INDEXINDEX:DXYShavyfxhubDOLLAR INDEX l will be facing a strong monthly resistance ,if they break past 100$ ,then it will be open to retest 108$ supply roof. what is dxy and why does it control us dollar ?? DXY is the U.S. Dollar Index (USDX), a measure of the U.S. dollar's value against a basket of six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), with the euro carrying the largest weight at about 57.6%. It was created in 1973 by the Intercontinental Exchange (ICE) and is often called "the Dixie." How DXY Works The index starts at 100 and uses a weighted geometric mean to track the dollar's strength relative to its basket. If DXY rises above 100, the dollar is strengthening (e.g., 110 means a 10% appreciation); if it falls below 100, it's weakening (e.g., 90 indicates a 10% depreciation). A higher DXY means the dollar buys more of these currencies, while a lower DXY signals depreciation, affecting global trade and commodity prices like oil and gold. DXY doesn't literally control the dollar but reflects how market forces—like U.S. Federal Reserve interest rates, economic data, and global risk sentiment—impact its value. When the Fed raises rates or the economy strengthens, demand for dollars spikes, pushing DXY up; conversely, easing policies or weak data can drive it down. #dxy #dollar