FX desk · daily stamp
A dollar is not a peak
Broad dollar 121.9. Euro 1.115. Yen 158.2. CNY 6.68. Broad 3m +1.0%. ICE DXY is licensed. A dollar is not a peak.
Now
Public cousins · not ICE DXY
What the dollar is doing
Broad dollar 121.9. Euro 1.115. Yen 158.2. CNY 6.68. Broad 3m +1.0%. ICE DXY is licensed. A dollar is not a peak.
GBP
+0.0
1.337
USD per GBP
Broad 3m
+1.0%
trade-weighted
Dollar rank
92
sample percentile
Broad dollar
DTWEXBGS · USREC bands
The Fed’s broad dollar, not DXY
DTWEXBGS 121.9. AFE 114.9. 3m +1.0%. Percentile 92.
Broad
+3.4
121.9
DTWEXBGS
AFE / major
+0.7
114.9
DTWEXAFEGS
3m
+1.0%
Window · broad vs AFE · NBER winters shaded · 10Y · 2016-11-12 → 2026-11-12
Euro
DEXUSEU · USD per EUR
The euro, quoted as dollars per euro
USD per EUR 1.115. Rising is a stronger euro, a weaker dollar. GBP 1.337.
EUR
+0.1
1.115
DEXUSEU
GBP
+0.0
1.337
DEXUSUK
Broad
121.9
DTWEXBGS
Window · USD per EUR · 10Y · 2016-11-12 → 2026-11-12
Yen
DEXJPUS · JPY per USD
The carry, not a BoJ call
JPY per USD 158.2. 3m -2.7%. Rising is a weaker yen.
USDJPY
+48.1
158.2
DEXJPUS
Yen 3m
-2.7%
more yen per dollar is weaker
AFE
+0.7
114.9
majors
Window · yen per dollar · 10Y · 2016-11-12 → 2026-11-12
CNY
DEXCHUS · CNY per USD
The fix’s cousin, the daily print
CNY per USD 6.68. Rising is a weaker yuan.
USDCNY
-0.3
6.68
DEXCHUS
EM dollar
+4.6
130.8
DTWEXEMEGS
Broad
121.9
DTWEXBGS
Window · yuan per dollar · 10Y · 2016-11-12 → 2026-11-12
EM dollar
DTWEXEMEGS · other important trading partners
The EM dollar, not a single peso
EM dollar 130.8 against a broad 121.9.
EM dollar
+4.6
130.8
DTWEXEMEGS
Broad
+3.4
121.9
DTWEXBGS
AFE
+0.7
114.9
DTWEXAFEGS
Window · EM dollar vs broad · 10Y · 2016-11-12 → 2026-11-12
Real TWI
RBUSBIS · BIS real broad
Inflation-adjusted dollar, monthly
BIS real broad 108.3. Nominal broad 121.9. Monthly versus daily.
Real TWI
+11.4
108.3
RBUSBIS
Nominal broad
+3.4
121.9
DTWEXBGS
Rank
92
nominal percentile
Window · real TWI vs nominal broad · 10Y · 2016-11-12 → 2026-11-12
Dollar versus the tape
SPY · DTWEXBGS · indexed 100
Risk versus the dollar, not a beta
Both series indexed to 100 at the start of the tape. A rising dollar against a falling SPY is the 2022 photograph.
SPY last
758
weekly
Broad
121.9
DTWEXBGS
Broad 3m
+1.0%
Window · SPY vs dollar, indexed · 10Y · 2016-11-12 → 2026-11-12
Dollar versus gold
GC=F · DTWEXBGS · indexed 100
The inverse that is not a law
Gold and the broad dollar, indexed. 2022 they sold together. The inverse is a cousin, not a rule.
Gold
$3,884
GC=F
Broad
121.9
DTWEXBGS
Real 10y
Rates
DFII10 sits on Rates
Window · gold vs dollar, indexed · 10Y · 2016-11-12 → 2026-11-12
Gold vs S&P compiling
FRED DTWEXBGS (broad goods dollar), DTWEXAFEGS (advanced-economy / major), DTWEXEMEGS (other important trading partners). DEXUSEU (USD per EUR), DEXJPUS (JPY per USD), DEXCHUS (CNY per USD), DEXUSUK (USD per GBP). RBUSBIS BIS real broad TWI. USREC. Yahoo GC=F, SPY weekly, indexed 100 at the start of each tape. ICE DXY is licensed — this is the Fed’s broad dollar, not the DXY. A peak is not called. · tape date 12 Nov 2026 · COMPILED JUST NOW