Current DXY Value Today — US Dollar Index
The US Dollar Index (DXY) is at 98.23 as of April 17, 2026. The index is up 2.1% year-to-date, trading within a 52-week range of 95.55–101.98. Wall Street consensus implies DXY at ~99 by Q4 2026.
Last updated: Apr 17, 2026
US DOLLAR INDEX (DXY)
98.23
YTD: +2.1%
Historical Context
52-Week High
101.98
52-Week Low
95.55
Wall St Avg
~99
Q4 2026 implied
Gap vs Forecast
-0.9%
US 10Y Yield
4.06%
US-DE Spread
159bp
COT Net Long
28,450
18th %ile
Spread Trend
widening
What's Driving the Current Value
Markets price in Fed rate cuts ahead of ECB, compressing the US-EU yield differential and weighing on USD.
Rising US debt-to-GDP and Treasury supply concerns are a primary driver of the 2025–2026 dollar decline.
Ongoing geopolitical tensions provide some floor for USD as reserve currency demand persists.
Long-run trend: gradual diversification away from USD remains intact. Short-run read: the pace is not accelerating materially in the latest COFER release (Q3 2025: 56.92% nominal, ~57.7% FX-adjusted).
Frequently Asked Questions
- What is the DXY?
- The US Dollar Index (DXY) measures the value of the US dollar against a basket of six major currencies: Euro (57.6%), Japanese Yen (13.6%), British Pound (11.9%), Canadian Dollar (9.1%), Swedish Krona (4.2%), and Swiss Franc (3.6%). It is maintained by ICE Futures U.S.
- What is a normal DXY level?
- The DXY has historically ranged from about 70 (2008 low) to 120 (1985 peak). In the 2020s, it has traded between roughly 90 and 115. A level around 100 is considered neutral by many analysts.
- What moves the DXY?
- The DXY is primarily driven by interest rate differentials between the US and other major economies, relative economic growth, trade balances, geopolitical risk appetite, and central bank policy expectations.
- How do Wall Street banks forecast the DXY?
- Major banks forecast individual currency pairs (EUR/USD, USD/JPY, etc.) and we derive an implied DXY using the ICE basket weights. The current Wall Street consensus implies DXY at ~99 by Q4 2026, based on 8 bank forecasts.
Data Sources
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This page is for research and educational purposes only. Not investment advice. Data may be delayed. See methodology for details.