In January 2026, the value of the United States dollar (USD) weakened against a number of global currencies. This can be seen from the decline in the DXY index.
The DXY index measures the value of the US dollar against six major currencies in the global market, namely the euro (EUR), the Japanese yen (JPY), the British pound (GBP), the Canadian dollar (CAD), the Swedish krona (SEK), and the Swiss franc (CHF).
An index of over 100 points reflects an increase, while an index below 100 points reflects a decrease in the value of the US dollar against this group of currencies.
On January 2, 2025, the US dollar index was still at 109.39 points, indicating a strong position. However, after that, the index fluctuated with a tendency to weaken.
The weakening continued until the US dollar index fell below 100 points in April 2025, when US President Donald Trump announced a policy of reciprocal tariffs, imposing high import duties on countries that wanted to sell their products to the US.
The downward trend continued until the US dollar index reached 96.19 points on January 29, 2026. This represents the weakest position of the US dollar in at least the past year, as can be seen in the chart.