How low Can the Dollar Go? And What It Could Mean for EUR/USDThe US dollar index has handed back all of its Q4 gains with traders betting that Trump's trade war will do more damage than good to the US economy. I update my levels on the US dollar index and EUR/USD charts then wrap up market exposure to USD index futures.
About U.S. Dollar Index Futures
The US Dollar Index (USDX, DXY) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of US trade partners' currencies.
US Dollar at Breaking Point: China Tariff Clash Risks Collapse Farmers, Boeing, and tech sectors brace for severe damage as USD threatens to break critical 10-year support amid escalating trade tensions.
Technical Breakdown: Crucial USD Zone Under Threat
The US Dollar Index (DXY) currently sits precariously within a critical 10-year support and resistance zone
Bears give the USD a break, EUR/USD pullback may not be overThe retracement higher for the US dollar is finally underway, which also shows further upside potential. And this is why I am wary of being long EUR/USD over the foreseeable future, even if I suspect it is poised to break to new highs in the coming weeks.
Matt Simpson, Market Analyst at City Index
The Dollar's Demise May Not Be Over Just YetThe US dollar index is on track for its worst week in nearly two and a half years. It is also nearly 6% off from the January high, which is similar in depth to the two previous selloffs seen in 2023 and 2024. Yet I do not think we've seen the low just yet, even if there is evidence of a potential bo
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Summarizing what the indicators are suggesting.
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of U.S. Dollar Index Futures is 99.395 USD — it has risen 0.46% in the past 24 hours. Watch U.S. Dollar Index Futures price in more detail on the chart.
The volume of U.S. Dollar Index Futures is 12.61 K. Track more important stats on the U.S. Dollar Index Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For U.S. Dollar Index Futures this number is 26.78 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for U.S. Dollar Index Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for U.S. Dollar Index Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of U.S. Dollar Index Futures technicals for a more comprehensive analysis.