DOLLAR INDEX 4HRU.S. Dollar Currency IndexTVC:DXYShavyfxhubThe US Dollar Index (DXY) is a measure of the value of the US Dollar against a basket of six major foreign currencies. How it Works: Basket Composition (weighted): Euro (EUR) — ~57.6% Japanese Yen (JPY) — ~13.6% British Pound (GBP) — ~11.9% Canadian Dollar (CAD) — ~9.1% Swedish Krona (SEK) — ~4.2% Swiss Franc (CHF) — ~3.6% What DXY Tells Us: DXY ↑ (Rising) → US Dollar is strengthening against other currencies. DXY ↓ (Falling) → US Dollar is weakening. Why Traders Watch It: Inverse relationship with many assets: Gold (XAUUSD) — Strong negative correlation (stronger dollar usually pressures gold prices). Oil & Commodities — Often move inversely to DXY. Currencies — EURUSD, GBPUSD, AUDUSD etc. usually move opposite to DXY. Current Relevance (July 2026): The Dollar Index is a key driver for Gold, Oil, and currency pairs like GBPUSD and AUDUSD. A strong DXY makes the US Dollar more attractive, while a weak DXY supports risk assets and commodities. #DOLLAR