The dollar index fell about 0.5% to below 98 on Friday, marking its lowest level since the conflict with Iran began, as news of the temporary reopening of the Strait of Hormuz helped ease near-term inflation concerns. Iran’s Foreign Minister said that the strait is now fully open to all commercial vessels for the duration of the 10-day ceasefire. In response, oil prices tumbled more than 10%, prompting traders to ramp up bets on Federal Reserve rate cuts this year. Markets are now pricing in roughly a 50–50 chance of a 25-basis-point rate cut by year-end, up from around a 30% probability on Thursday. This still compares with earlier expectations of two rate cuts before the conflict escalated. The greenback weakened broadly, with the sharpest declines against the Swiss franc, Australian dollar, Japanese yen, and the euro. For the week, the dollar index is down about 0.5%, on track for a third consecutive weekly decline.

The DXY exchange rate rose to 98.2353 on April 17, 2026, up 0.02% from the previous session. Over the past month, the United States Dollar has weakened 1.85%, and is down by 1.15% over the last 12 months. 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 18 of 2026.

The DXY exchange rate rose to 98.2353 on April 17, 2026, up 0.02% from the previous session. Over the past month, the United States Dollar has weakened 1.85%, and is down by 1.15% over the last 12 months. The United States Dollar is expected to trade at 98.17 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 96.50 in 12 months time.



Crosses Price Day Year Date
DXY 98.0980 -0.1170 -0.12% -1.29% Apr/17
EURGBP 0.8704 -0.0005 -0.06% 1.57% Apr/17
EURAUD 1.6396 -0.0054 -0.33% -8.25% Apr/17
GBPAUD 1.8838 -0.0050 -0.26% -9.67% Apr/17
EURJPY 186.6195 -0.8675 -0.46% 15.22% Apr/17
AUDNZD 1.2195 0.0034 0.28% 13.51% Apr/17
GBPJPY 214.4095 -0.8822 -0.41% 13.42% Apr/17
AUDJPY 113.8155 -0.1650 -0.14% 25.58% Apr/17
EURCHF 0.9198 -0.0031 -0.34% -1.19% Apr/17
EURCAD 1.6108 -0.0033 -0.21% 2.13% Apr/17
GBPCHF 1.0567 -0.0036 -0.34% -2.79% Apr/17
GBPCAD 1.8507 -0.0028 -0.15% 0.55% Apr/17
EURSEK 10.7817 -0.0446 -0.41% -1.67% Apr/17
EURNOK 11.0317 -0.0215 -0.19% -7.61% Apr/17
 Currencies
 USD...
 ...USD



Related Last Previous Unit Reference
United States Inflation Rate 3.30 2.40 percent Mar 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Mar 2026
United States Unemployment Rate 4.30 4.40 percent Mar 2026

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%).
Actual Previous Highest Lowest Dates Unit Frequency
98.24 98.22 164.72 70.70 1971 - 2026 Daily

News Stream
Dollar Back to February Lows
The dollar index fell about 0.5% to below 98 on Friday, marking its lowest level since the conflict with Iran began, as news of the temporary reopening of the Strait of Hormuz helped ease near-term inflation concerns. Iran’s Foreign Minister said that the strait is now fully open to all commercial vessels for the duration of the 10-day ceasefire. In response, oil prices tumbled more than 10%, prompting traders to ramp up bets on Federal Reserve rate cuts this year. Markets are now pricing in roughly a 50–50 chance of a 25-basis-point rate cut by year-end, up from around a 30% probability on Thursday. This still compares with earlier expectations of two rate cuts before the conflict escalated. The greenback weakened broadly, with the sharpest declines against the Swiss franc, Australian dollar, Japanese yen, and the euro. For the week, the dollar index is down about 0.5%, on track for a third consecutive weekly decline.
2026-04-17
Dollar Heads for Third Weekly Loss
The dollar index stabilized above 98 on Friday but remained on track for a third consecutive weekly decline, as improving prospects for an end to the US-Iran conflict reduced safe-haven demand and eased inflation concerns tied to energy markets. In the latest developments, President Donald Trump expressed confidence that the war with Iran will end soon, claiming Tehran had agreed to terms including abandoning nuclear ambitions and reopening the Strait of Hormuz. Trump also announced a 10-day ceasefire between Israel and Lebanon, which could support further US-Iran negotiations. Oil prices have continued to retreat, helping to temper inflation expectations and reducing bets that the Federal Reserve will need to tighten policy. Fed Bank of New York President John Williams said heightened uncertainty should limit forward guidance on the policy path, although his baseline outlook still includes rate cuts over the longer term.
2026-04-17
Dollar Near Pre-War Levels
The dollar index edged up above 98 on Thursday but remained near the pre-war lows seen in the previous session, as investors grew increasingly optimistic that the US and Iran could soon reach an agreement to end the conflict and reopen the Strait of Hormuz, reducing safe-haven demand. US President Trump said the seven-week conflict was “close to over,” while the White House expressed confidence in a potential deal, noting that additional in-person talks could take place in Pakistan. However, Iranian officials signaled that significant differences remain, particularly regarding nuclear issues. Meanwhile, softer crude prices in recent days have helped ease inflation concerns. The Federal Reserve is widely expected to keep interest rates on hold throughout the year, a view reinforced by recent comments from several policymakers, including Federal Reserve Bank of New York President John Williams.
2026-04-16