Forex Markets
Major currency pairs & US Dollar Index.
Forex Markets: Track Dollar Strength & Currency Flows
Monitor 8 major forex pairs and the US Dollar Index (DXY). Currency markets drive global liquidity and have strong inverse correlation with crypto. When DXY falls (dollar weakening), crypto typically rallies as investors seek alternative stores of value. When DXY rises (dollar strengthening), crypto often sells off. Track EUR/USD, GBP/USD, and USD/JPY to understand risk-on vs risk-off sentiment.
Major Currency Pairs & DXY
EUR/USD, GBP/USD, USD/JPY, and DXY provide insight into dollar strength and global liquidity. A falling DXY signals dollar weakness and is typically bullish for crypto markets. Rising DXY indicates flight to safety.
π± Currency Markets
Track major currency pairs. Strong dollar (DXY up) typically means crypto weakness.
π‘ Currency Pairs & Dollar Index (DXY)
Forex = Foreign Exchange market, the world's largest financial market. EUR/USD = Euro vs US Dollar (most liquid pair). DXY = US Dollar Index - measures dollar strength against a basket of 6 major currencies. When DXY rises, dollar is strengthening; when it falls, dollar is weakening.
π° Impact on Crypto:
β’ DXY falling = Dollar weakening = Often BULLISH for crypto (investors flee to alternative stores of value)
β’ DXY rising = Dollar strengthening = Often BEARISH for crypto (flight to safety)
β’ EUR/USD + GBP/USD rising = Risk-on sentiment (can be crypto bullish)
β’ Strong inverse correlation between DXY and Bitcoin (~-0.7)
π Forex 24h Performance
Performance of major currency pairs and dollar index
π All Currency Pairs
| Pair | Price | Change 24h | Day High | Day Low |
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