United States Dollar - Quote - Chart - Historical Data (2024)

The dollar index dropped below 105.7 on Tuesday after data showing a slowdown in US manufacturing and services sectors boosted expectations for interest rate cuts. The US private sector saw only slight growth, the weakest since December, according to S&P Global. Both manufacturing and services sectors experienced slower activity with growth rates hitting three- and five-month lows. Still, most investors anticipate only two rate cuts this year with the first drop in borrowing costs coming in September. Investors are now waiting for US GDP data on Thursday and the Fed's PCE price index report on Friday for additional insights.

The DXY decreased 0.4152 or 0.39% to 105.6981 on Tuesday April 23 from 106.1133 in the previous trading session. Historically, the United States Dollar reached an all time high of 164.72 in February of 1985. United States Dollar - data, forecasts, historical chart - was last updated on April 23 of 2024.

The DXY decreased 0.4152 or 0.39% to 105.6981 on Tuesday April 23 from 106.1133 in the previous trading session. The United States Dollar is expected to trade at 105.49 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 108.39 in 12 months time.

United States Dollar

The United States Dollar Index or DXY measures the performance of the dollar against a basket of other currencies including EUR, JPY, GBP, CAD, CHF and SEK. The EUR is, by far, the largest component of the index, making up 57.6% of the basket followed by JPY (13.6%), GBP (11.9%), CAD (9.1%), SEK (4.2%), and CHF (3.6%).