The dollar index steadied around 97.4 on Friday after rising for two straight sessions, as the Federal Reserve signaled a less dovish policy stance than markets had anticipated. Earlier in the week, the Fed delivered a widely expected quarter-point cut and projected two more reductions this year, while indicating just one cut in 2026. Fed Chair Jerome Powell framed the move as a risk management step amid a slowing labor market, stressing there was no need to rush easing. The greenback also found support after data showed new jobless claims fell last week, reversing the prior week’s spike. Elsewhere, the Bank of Canada cut rates while the Bank of England left policy unchanged. The dollar index is on track to finish the week little changed, erasing most of the losses from earlier in the period.

The DXY exchange rate rose to 97.5501 on September 19, 2025, up 0.21% from the previous session. Over the past month, the United States Dollar has weakened 0.68%, and is down by 3.16% 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 September 19 of 2025.

The DXY exchange rate rose to 97.5501 on September 19, 2025, up 0.21% from the previous session. Over the past month, the United States Dollar has weakened 0.68%, and is down by 3.16% over the last 12 months. The United States Dollar is expected to trade at 97.78 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 98.49 in 12 months time.



Crosses Price Day Year Date
DXY 97.5275 0.1795 0.18% -3.18% Sep/19
EURGBP 0.8710 0.0014 0.16% 3.97% Sep/19
EURAUD 1.7803 -0.0012 -0.07% 8.57% Sep/19
GBPAUD 2.0439 -0.0044 -0.22% 4.46% Sep/19
EURJPY 173.9770 -0.3550 -0.20% 8.33% Sep/19
AUDNZD 1.1240 -0.0001 -0.01% 3.01% Sep/19
GBPJPY 199.7120 -0.8445 -0.42% 4.24% Sep/19
AUDJPY 97.7160 -0.1000 -0.10% -0.17% Sep/19
EURCHF 0.9348 0.0005 0.05% -1.32% Sep/19
EURCAD 1.6242 -0.0013 -0.08% 7.22% Sep/19
GBPCHF 1.0731 -0.0011 -0.10% -5.25% Sep/19
GBPCAD 1.8645 -0.0044 -0.24% 3.13% Sep/19
EURSEK 11.0415 0.0196 0.18% -2.67% Sep/19
EURNOK 11.6414 0.0011 0.01% -0.48% Sep/19

Related Last Previous Unit Reference
United States Inflation Rate 2.90 2.70 percent Aug 2025
United States Fed Funds Interest Rate 4.25 4.50 percent Sep 2025
United States Unemployment Rate 4.30 4.20 percent Aug 2025

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
97.55 97.35 164.72 70.70 1971 - 2025 Daily

News Stream
Dollar Firms Up as Traders Reassess Fed Outlook
The dollar index steadied around 97.4 on Friday after rising for two straight sessions, as the Federal Reserve signaled a less dovish policy stance than markets had anticipated. Earlier in the week, the Fed delivered a widely expected quarter-point cut and projected two more reductions this year, while indicating just one cut in 2026. Fed Chair Jerome Powell framed the move as a risk management step amid a slowing labor market, stressing there was no need to rush easing. The greenback also found support after data showed new jobless claims fell last week, reversing the prior week’s spike. Elsewhere, the Bank of Canada cut rates while the Bank of England left policy unchanged. The dollar index is on track to finish the week little changed, erasing most of the losses from earlier in the period.
2025-09-19
Dollar Gains Ground
The dollar index strengthened toward 97.3 on Thursday, rebounding slightly from the 2022 lows touched earlier in the week as traders digested the Fed’s first interest rate cut of the year and better-than-expected jobless claims. Volatility followed the decision and Chair Powell’s press conference, where he framed the move as a “risk management” cut and cautioned that there are no risk-free paths. The Fed also signaled an additional 50bps of cuts this year, followed by another 25bps reduction in 2026. Meanwhile, initial jobless claims fell much more than expected to 231K from a 4-year high, easing some concerns about the labour market weakness. The greenback traded mostly higher against the euro and the pound, with the latter surrendering early gains after the BoE left borrowing costs unchanged, as expected, while slowing the pace of its balance sheet reduction. Meanwhile, the Bank of Canada trimmed rates by 25bps, and the Bank of Japan is expected to keep policy unchanged tomorrow.
2025-09-18
Dollar Holds Firm as Fed Outlook Weighed
The dollar index hovered above 97 on Thursday after rebounding sharply in the prior session, as investors reassessed the Federal Reserve’s policy outlook. On Wednesday, the Fed delivered a widely expected quarter-point rate cut, while signaling two more reductions this year but only one in 2026, pushing back against market expectations for two or three cuts next year. Chair Jerome Powell struck a cautious tone, framing the move as “risk management” amid labor market weakness, while stressing there is no need to rush easing. Notably, newly appointed Governor Stephen Miran was the sole dissenter, backing a larger 50 bps cut, resulting in fewer splits than anticipated. Elsewhere, the Bank of Canada also trimmed rates by 25 bps, while the Bank of England and Bank of Japan are expected to keep policy unchanged this week.
2025-09-18