De-Dollarization
US Dollar Index (DXY)
101Last observation 2026-06-19
14d ago
Time Series
Formula
DXY = Trade-weighted geometric mean of USD vs EUR (57.6%), JPY (13.6%), GBP (11.9%), CAD (9.1%), SEK (4.2%), CHF (3.6%)
- EUR/USD – Largest DXY component (inverse)
- USD/JPY – BoJ policy-sensitive leg
- GBP/USD, USD/CAD, USD/SEK, USD/CHF – Remaining basket
Why It Matters
DXY is the master variable for global risk appetite, EM stress, and de-dollarization tempo. A strengthening dollar tightens global financial conditions via dollar-denominated debt servicing; a weakening dollar releases pressure on gold, commodities, and EM assets. In 2025–2026 de-dollarization narratives, watch DXY against reserve-share shifts — they are correlated but not identical.
Institutional Use
Every global macro desk tracks DXY as the first screen. FX reserve managers, carry trade funds, and commodity traders use it for hedging overlays. GraphiQuestor surfaces DXY on the Regime Digest vitals strip and country profile pages.
How to Read It
Strong DollarDXY > 105
Firm100 < DXY ≤ 105
Neutral95 ≤ DXY ≤ 100
Weak DollarDXY < 95