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

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The US dollar index extended its mid-session decline to the 104.2 mark on Friday after a batch of data pointed to an economic backdrop that could favor less restrictive monetary policy by the Federal Reserve. Core PCE prices, the Fed’s preferred gauge of underlying inflation, rose by 0.2%, the slowest pace so far this year to raise hopes that inflation may be converging toward its target. Additionally, personal spending and income grew at a slower pace. Markets continue to show uncertainty on whether the Fed may deliver its first rate hike in its September meeting, while loosely favoring one sole cut for the year. The dollar sank the most against Aussi and Kiwi dollars. Earlier in the session, the dollar had already been declining against the euro following higher-than-expected inflation readings in the Eurozone, which led investors to speculate that the ECB might implement fewer rate cuts this year. The DXY decreased 0.1548 or 0.15% to 104.6233 on Friday May 31 from 104.7781 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 June 1 of 2024. The DXY decreased 0.1548 or 0.15% to 104.6233 on Friday May 31 from 104.7781 in the previous trading session. The United States Dollar is expected to trade at 104.93 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 105.85 in 12 months time.

The US dollar index extended its mid-session decline to the 104.2 mark on Friday after a batch of data pointed to an economic backdrop that could favor less restrictive monetary policy by the Federal Reserve. Core PCE prices, the Fed’s preferred gauge of underlying inflation, rose by 0.2%, the slowest pace so far this year to raise hopes that inflation may be converging toward its target. Additionally, personal spending and income grew at a slower pace. Markets continue to show uncertainty on whether the Fed may deliver its first rate hike in its September meeting, while loosely favoring one sole cut for the year. The dollar sank the most against Aussi and Kiwi dollars. Earlier in the session, the dollar had already been declining against the euro following higher-than-expected inflation readings in the Eurozone, which led investors to speculate that the ECB might implement fewer rate cuts this year.

The DXY decreased 0.1548 or 0.15% to 104.6233 on Friday May 31 from 104.7781 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 June 1 of 2024.

The DXY decreased 0.1548 or 0.15% to 104.6233 on Friday May 31 from 104.7781 in the previous trading session. The United States Dollar is expected to trade at 104.93 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 105.85 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%).

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	104.62	104.78	164.72	70.70	1971 - 2024		Daily