US Dollar Index Futures (2024)

The U.S. Dollar Index, together with all rights, title and interestin and related to the U.S. Dollar Index, including all contentincluded therein (including, without limitation, it’sformulation, components, values, weightings and methods ofcalculation), and all related intellectual property and propertyrights, is the exclusive property of ICE Data Indices, LLC. TheU.S. Dollar Index, it’s formulation, components, weightings,values and methods of calculation have been selected, coordinated,arranged and maintained by ICE Data Indices, LLC. through theapplication of methods, know-how, creativity and standards ofjudgment used and developed through the expenditure of considerablework, time, effort and money, and may be modified by ICE DataIndices, LLC. from time to time based on this same and/or othercriteria, and all rights, title and interest therein areproprietary exclusively to and expressly reserved by ICE DataIndices, LLC. The designations “U.S. Dollar Index”,“Dollar Index” and “USDX” are trademarksand service marks of ICE Data Indices, LLC., and they are also thesubject of various trademark registrations in countries around theworld (“ICE Data Indices Trademarks”). Any usewhatsoever of the U.S. Dollar Index, it’s formulation,components, weightings, values and/or methods of calculation, or ofthe ICE Data Indices Trademarks, whether directly or indirectly, isstrictly prohibited without the express written consent of ICE DataIndices, LLC.

US Dollar Index Futures (2024)


What is the U.S. Dollar Index futures? ›

US Dollar Index® Futures

In a single transaction the USDX enables market participants to monitor moves in the value of the US dollar relative to a basket of world currencies, as well as hedge their portfolios against the risk of a move in the dollar.

What is the prediction for the dollar index? ›

Looking forward, we estimate it to trade at 108.93 in 12 months time.

Is the U.S. dollar up or down? ›

Is U.S. Dollar Index going up? U.S. Dollar Index value has decreased by 0.07% in the past week, since last month it has shown a 1.10% increase, and over the year it's increased by 3.78%. Keep track of all changes on the U.S. Dollar Index chart.

What does it mean when the U.S. Dollar Index goes up? ›

Simply put, if the USDX goes up, that means the U.S. dollar is gaining strength or value when compared to the other currencies. Similarly, if the index is currently 80, falling 20 from its initial value, that implies that it has depreciated 20%.

Are there U.S. dollar futures? ›

U.S. Dollar Index® Futures

The USDX complex includes futures and options available for trading at ICE Futures U.S., as well as a cash settled mini futures contract available for trading at ICE Futures Singapore. The contracts offer capital efficiencies through margin offsets across our wider FX portfolio.

Is the dollar getting stronger or weaker? ›

Introduction. Despite uncertain macro conditions, the dollar has continued to demonstrate strength — largely thanks to sticky inflation, a resilient U.S. economy and year-to-date highs in yields.

What makes dollar index go down? ›

The two biggest drivers are central bank policies (interest rates set by the U.S. Federal Reserve and its counterparts in Europe, England, Japan and elsewhere); and economic growth relative to inflation. Those factors often dictate which way money flows.

What is the strongest currency in the world? ›

1. Kuwaiti dinar. Known as the strongest currency in the world, the Kuwaiti dinar or KWD was introduced in 1960 and was initially equivalent to one pound sterling. Kuwait is a small country that is nestled between Iraq and Saudi Arabia whose wealth has been driven largely by its large global exports of oil.

How to protect wealth if the dollar collapses? ›

What To Own When The Dollar Collapses
  1. Having too much money in a single asset is always a risky proposition. A varied investment portfolio is crucial to weathering any financial storm. ...
  2. Commodities. ...
  3. Foreign Bonds. ...
  4. A Variety Of Currencies. ...
  5. Gold And Precious Metals. ...
  6. Real Estate. ...
  7. Items To Barter With. ...
  8. Cryptocurrencies.

Why is the dollar going to be so weak? ›

A weak currency's value has depreciated significantly over time against other currencies. This can happen for several reasons but economic fundamentals play a role. The trade-weighted dollar is an index created by the Federal Reserve to measure the value of the USD based on its competitiveness versus trading partners.

Where is USD the strongest? ›

Japan continues to be a popular choice, but Vietnam and South Korea stand as solid alternatives among numerous countries in Asia with favorable exchange rates for the US dollar. Closely following in value are South American countries: Argentina and Chile are among those offering the biggest luxury bang.

What will happen to the US dollar? ›

We expect 2024 to be a year of diverging trends for the dollar. It will likely move lower on a broad trade-weighted basis early in the year but stabilize as the year progresses. Although we expect a general downward drift for the dollar, performance of individual currencies will likely vary widely.

What happens to stock market when dollar index rises? ›

The dollar and the S&P 500 have often had a negative correlation in the past three years, meaning that when the dollar rises, stocks fall. From April to October 2022, the dollar surged and the S&P 500 plummeted. It happened again from late July to late October of last year.

Is a high dollar index good or bad? ›

A strong dollar is good for some and not so good for others. A strengthening dollar means U.S. consumers benefit from cheaper imports and less expensive foreign travel. U.S. companies that export or rely on global markets for the bulk of their sales are financially hurt when the dollar strengthens.

Why is the U.S. dollar getting stronger today? ›

The dollar is strong because the US economy is healthier than those of many other countries and because the Federal Reserve keeps raising interest rates. A strong dollar hurts stocks of US companies that operate internationally and may help stocks of companies that export products to the US.

What is the DXY prediction for 2024? ›

DXY Forecast: The Dollar in 2024

The majority of analysts are predicting a lower dollar in 2024 for their DXY forecast, but Morgan Stanley, HSBS, and JP Morgan are all forecasting a rise in the dollar as the US economy continues to outperform its global peers.

Is the dollar expected to rise tomorrow? ›

The USD to PKR forecast for tomorrow is currently predicting the USD/PKR exchange rate to rise to Rs 278.23 in the next 24 hours, representing a 0.09% increase.

How much is the dollar in 2024? ›

Average exchange rate in 2024: 1283.2145 NGN.

Top Articles
Latest Posts
Article information

Author: Ms. Lucile Johns

Last Updated:

Views: 5984

Rating: 4 / 5 (41 voted)

Reviews: 80% of readers found this page helpful

Author information

Name: Ms. Lucile Johns

Birthday: 1999-11-16

Address: Suite 237 56046 Walsh Coves, West Enid, VT 46557

Phone: +59115435987187

Job: Education Supervisor

Hobby: Genealogy, Stone skipping, Skydiving, Nordic skating, Couponing, Coloring, Gardening

Introduction: My name is Ms. Lucile Johns, I am a successful, friendly, friendly, homely, adventurous, handsome, delightful person who loves writing and wants to share my knowledge and understanding with you.