What it measures
Cross-asset dollar pressure
The score combines market inputs into one weekly regime reading rather than treating DXY as a complete measure of dollar conditions.
How to use it
Context, not a signal
Read the score together with rates, liquidity, commodities, FX and risk conditions. It is descriptive, not a forecast, recommendation or trading instruction.
Methodology
Formula published
The production variables, signed weights, normalization, data treatment, regime bands, source provenance and validation limitations are publicly documented.
USD Impact evidence chain
Learn → Daily → Score → Weekly
Each layer answers a different question. Use the links to move from concepts to current evidence, measurement, and synthesis.
- Learn
Define the dollar, the three macro dials, and the transmission logic before interpreting a market move.
- Daily
Read the verified facts, current catalysts, and market context without forcing them into a forecast.
- Score
Add the systematic weekly cross-asset regime measurement and audit its published methodology.
- Weekly
Synthesize the week from the published Daily editions plus the archived Weekly Score input.
These learning lenses help interpret the evidence chain; they are not a substitute for the Score's published eight-variable formula or source methodology.
Independent review
Do not take the score on faith.
USD Impact Score v2 uses eight fixed-weight weekly market levels standardized against the expanding full sample since January 2015. The methodology page states exactly how a number such as −0.72 is produced, including missing-data rules, ±3.5 clipping, the lack of explicit correlation adjustment, and why the existing historical checks are descriptive rather than true out-of-sample validation. The separate vintage audit shows how valid as-published readings compare with the same weeks in the current recalculated history.
Live dashboard
Latest USD Impact Score
News + score
Read the Weekly USD Impact Brief
The seven-day USD calendar is led by Sep 4 payrolls, with Sep 1 JOLTS, Sep 2 Beige Book, Sep 3 revised productivity data, and scheduled Fed remarks ahead of it. July PCE was released on Aug 26, not Aug 31. Treasury's current schedule distinguishes Aug 31 bill auctions from month-end settlements. July JOLTS showed job openings little changed at 7.3 million, with hires and total separations at 5.1 million. EIA's September 2 petroleum report and BLS's September 4 Employment Situation are the next scheduled tests. An August 31 Federal Reserve IFDP paper provides structural context on uncertainty, intermediary constraints, and the dollar. Near‑term USD movers: BLS Employment Situation (Aug) on Sep 4; Treasury starts larger long‑end buybacks effective Sep 9; EIA reports a 4.5 million‑barrel weekly commercial crude draw. Labor data, Treasury liquidity support, and mixed petroleum balances are the primary rate‑ and inflation‑sensitive signals. Beige Book (Sep 2) shows uneven growth, persistent service-sector demand and pockets of price pressure; Fed posts a Sep 3 speech by Governor Waller. Near-term market risks: BLS Employment Situation (Sep 4) and Treasury long‑end buybacks start (Sep 9); PPI follows Sep 10. Data could meaningfully shift rate expectations, USD and long-end yields in coming days. August nonfarm payrolls rose by 162,000, unemployment held at 4.1%, participation edged up to 61.6%, and average hourly earnings increased 0.3% on the month and 3.1% over the year. Treasury's larger long-end buybacks from September 9 and EIA's latest oil data remain the main secondary drivers for rates, liquidity, inflation expectations, and the USD. The completed-Friday USD Impact Score was −0.71, remaining in a soft dollar regime.
Weekly archive
Previous weeks
Review the score, regime, and deterministic commentary exactly as they were published for each completed week.