Created
: 2025.09.16
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
US Dollar Index Price Forecast: Drops to near 97.00 as bearish bias strengthens
World FX news
Breaking news
US Dollar Index Price Forecast: Drops to near 97.00 as bearish bias strengthens
New
2025.09.16 17:21
2025.09.16 17:21
2025.09.16 17:21
- The US Dollar Index is likely to encounter initial support around the psychological 97.00 level.
- Bearish bias prevails as the 14-day Relative Strength Index remains below the 50 level.
- The initial barrier appears at the nine-day EMA of 97.58.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the second consecutive session and trading around 97.10 during the European hours on Tuesday. The technical analysis of the daily chart shows the dollar index consolidating within the descending channel pattern, suggesting a prevailing bearish bias.
The 14-day Relative Strength Index (RSI) is positioned below the 50 level, strengthening the bearish bias. Additionally, the short-term price momentum is weaker as the DXY remains below the nine-day Exponential Moving Average (EMA).
On the downside, the US Dollar Index may find its immediate support at the psychological level of 97.00, followed by 96.38, the lowest since February 2022, reached on July 1. Further declines would prompt the dollar index to test the lower boundary of the descending channel around 95.30.
The DXY may find its primary barrier at the nine-day EMA of 97.57. A break above this level would improve the short-term price momentum and support the dollar index to approach the descending channel's upper boundary around the psychological level of 98.00, aligned with the 50-day EMA at 98.14.
US Dollar Index: Daily Chart
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.33% | -0.28% | -0.26% | -0.06% | -0.01% | 0.01% | -0.34% | |
| EUR | 0.33% | 0.05% | -0.03% | 0.27% | 0.38% | 0.33% | -0.00% | |
| GBP | 0.28% | -0.05% | -0.06% | 0.22% | 0.34% | 0.29% | -0.07% | |
| JPY | 0.26% | 0.03% | 0.06% | 0.27% | 0.33% | 0.10% | -0.03% | |
| CAD | 0.06% | -0.27% | -0.22% | -0.27% | 0.06% | 0.03% | -0.28% | |
| AUD | 0.00% | -0.38% | -0.34% | -0.33% | -0.06% | 0.04% | -0.38% | |
| NZD | -0.01% | -0.33% | -0.29% | -0.10% | -0.03% | -0.04% | -0.30% | |
| CHF | 0.34% | 0.00% | 0.07% | 0.03% | 0.28% | 0.38% | 0.30% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar 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).
Last updated
: 2025.09.16
Related articles
USD/CAD languishes below 1.3780 ahead of Canadian and US data releases
7 minutes agoUSD/JPY: Likely to trade in a range between 147.00 and 147.60 - UOB Group
13 minutes agoUSD: Benign global conditions keep the dollar soft - ING
27 minutes agoFOMC poised for dovish cut as labor market weakens - BBH
2025.09.16 10:06NZD/USD might break above 0.5990 - UOB Group
2025.09.16 09:53US NatGas rallies above $3 on late-season heat - ING
2025.09.16 09:15
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Ukrainian drone attack on Russian export terminal causes Oil prices to rise - Commerzbank
Oil prices rose significantly on Friday, recovering from the losses suffered the previous day. The price of Brent crude jumped from its previous low of around $2 to $68 per barre, Commerzbank's commodity analyst Carsten Fritsch notes.
New
2025.09.16 19:21USD/CAD languishes below 1.3780 ahead of Canadian and US data releases
The US Dollar extends losses on Tuesday after a nearly 0.5% decline on Monday. Bears are focusing on 10-day lows, at 1.3760, with upside attempts capped below 1.3780 as the market awaits Canadian CPI and US Retail sales to frame interest rate decisions later this week.
New
2025.09.16 19:17USD/JPY: Likely to trade in a range between 147.00 and 147.60 - UOB Group
US Dollar (USD) is likely to trade in a range between 147.00 and 147.60. In the longer run, a narrower range of 146.20/148.50 is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.09.16 19:12USD: Benign global conditions keep the dollar soft - ING
The dollar has started the week on the softish side. This may partly involve some pre-positioning ahead of tomorrow night's Fed rate cut. But it will also be a function of the benign external environment, ING's FX analyst Chris Turner notes.
New
2025.09.16 18:57Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Tuesday, according to FXStreet data.
New
2025.09.16 18:30India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
New
2025.09.16 13:35FOMC poised for dovish cut as labor market weakens - BBH
Markets expect the FOMC to deliver a dovish cut because the US labor market is worsening. That can drag US Dollar (USD) lower and support risk assets, BBH FX analysts report.
New
2025.09.16 10:06Silver price hits new 14-year high - Commerzbank
The price of Silver is also soaring. This morning, it reached a new 14-year high of nearly $42.8 per troy ounce, Commerzbank's commodity analyst Carsten Fritsch notes.
New
2025.09.16 10:03NZD/USD might break above 0.5990 - UOB Group
Firmer underlying tone is likely to lead to New Zealand Dollar (NZD) trading in a higher range of 0.5955/0.5980. In the longer run, NZD could break above 0.5990; the scope for further advance may be limited, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.09.16 09:53US NatGas rallies above $3 on late-season heat - ING
US natural Gas prices climbed with Henry Hub settling above $3/MMBtu, as forecasts for late-season heat boosted cooling demand. The hotter outlook is expected to slow stockpile builds that typically accelerate this time of year, ING's commodity experts Ewa Manthey and Warren Patterson note.
New
2025.09.16 09:15Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
