The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground after four days of gains and is trading around 98.80 during European hours on Monday. The momentum indicator shows that the 14-day relative strength index (RSI) at 53 (neutral) reflects improving momentum.
The US Dollar Index stands marginally above the nine-day Exponential Moving Average (EMA) and the 50-day EMA. The short-term average has turned higher, while the 50-day moving average has stabilized after an earlier decline.
Staying above the rising nine-day EMA would keep the near-term bias supportive and lead the dollar index to target a seven-month high of 99.57, hit on December 2. Further resistance lies at the seven-month high of 100.26, which was recorded on August 1.
On the downside, immediate support lies at the 50-day EMA at 98.70, which is in line with the nine-day EMA at 98.66. Further declines would weaken short- and medium-term price momentum and put pressure on the US Dollar Index to move into the region around 97.75, the lowest level since October 25.
US dollar price today
The table below shows the percentage change in the US Dollar (USD) against the major currencies listed today. The US dollar was the weakest against the Swiss franc.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | -0.48% | -0.39% | -0.05% | -0.27% | -0.23% | -0.39% | -0.61% | |
| euro | 0.48% | 0.09% | 0.39% | 0.20% | 0.25% | 0.09% | -0.13% | |
| GBP | 0.39% | -0.09% | 0.30% | 0.12% | 0.16% | -0.00% | -0.23% | |
| JPY | 0.05% | -0.39% | -0.30% | -0.19% | -0.15% | -0.31% | -0.53% | |
| Canadian | 0.27% | -0.20% | -0.12% | 0.19% | 0.04% | -0.12% | -0.35% | |
| Australian dollar | 0.23% | -0.25% | -0.16% | 0.15% | -0.04% | -0.17% | -0.39% | |
| New Zealand dollar | 0.39% | -0.09% | 0.00% | 0.31% | 0.12% | 0.17% | -0.22% | |
| Swiss franc | 0.61% | 0.13% | 0.23% | 0.53% | 0.35% | 0.39% | 0.22% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen from the top row. For example, if you select USD from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
(The technical analysis for this story was written with the help of an artificial intelligence tool.)
