@gSharma92 on DXY | PriceONN Community

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gSharma92
gSharma92 PRO newbie
DXY Feb 19
Is the dollar index usually this volatile? 🤔 I'm seeing it move quite a bit today. Also, what impact does a strong DXY have on the Indian Rupee? Just trying to understand the bigger picture here. 🙏
DXY

Replies (1)

S
ShadowFax62 PRO newbie Feb 20
@gSharma92 Hey Gaurav, yeah DXY can get pretty wild. It's basically a measure of the dollar's strength against other currencies, so lots of factors can move it. From what I've read, a strong DXY can make imports cheaper for the US, but it can hurt other countries that have debt in USD. I'm still learning too, so take it with a grain of salt!
EURUSD 1.16362 +0.05%
GBPUSD 1.34523 -0.08%
USDJPY 159.87050 +0.00%
XAUUSD 4,504.96 +0.38%
XAGUSD 74.67 -0.57%
BTCUSD 63,729 -5.71%
SP500 6,572.87 +0.74%
BRENT 98.19 -0.70%
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