February, 2019
Mini U.S. Dollar Index®
- The dollar began the month of February at its low for the period, with U.S. Dollar Index® opening up in the 95 area, peaking above 97 mid-month before closing the month at 96.10.
- US interest rates remained low throughout the term, despite better equity and commodity prices. The global slowdown kept downward pressure on rates outside the US, giving a continued bid to USD.
- GBP remained volatile driven by Brexit headlines, closing out the month above $1.33, a five-month high. JPY and CHF weakened slowly throughout the month as Q4 volatility faded.
- CNY improved through 6.70 vs. USD, a six-month high, as US/China trade negotiations move forward. Higher commodity prices gave support to EM currencies.
Mini USDX® Front Month Performance (Current Year - Weekly) with Ichimoku Analysis
Hedging the U.S. Dollar in a Single Transaction
The Mini USDX® Futures contract offered by ICE Futures Singapore can be used to trade the ICE U.S. Dollar Index®. The ICE U.S. Dollar Index® (USDX®) futures contract is used by market participants to gain exposure to or hedge moves in the U.S. dollar relative to a basket of world currencies, in a single transaction.
- Has a contract size of US $200 x index value
- Helps achieve cost efficiency
- Is accessible 22 hours a day
Customers in Asia can benefit from ICE Futures Singapore’s secure, regulated futures trading and clearing services. With local regulation and regional trading opportunities across financial and commodity futures, you can access markets locally that trade around the world.
Limitations
This document contains information that is proprietary property of Intercontinental Exchange, Inc. and/or its affiliates, is not to be published, reproduced, or used without the express written consent of Intercontinental Exchange, Inc. and/or its affiliates.
This document is provided for informational purposes only. The information contained herein is subject to change and does not constitute any form of warranty, representation, or undertaking. Nothing herein should in any way be deemed to alter the legal rights and obligations contained in agreements between Intercontinental Exchange, Inc. and/or any of its affiliates and their respective clients relating to any of the products or services described herein. Nothing herein is intended to constitute legal, tax, accounting, investment or other professional advice.
Intercontinental Exchange, Inc. and its affiliates, makes no warranties whatsoever, either express or implied, as to merchantability, fitness for a particular purpose, or any other matter. Without limiting the foregoing, Intercontinental Exchange, Inc. and its affiliates makes no representation or warranty that any data or information (including but not limited to evaluations) supplied to or by it are complete or free from errors, omissions, or defects.
Trademarks of Intercontinental Exchange, Inc. and/or its affiliates include: Intercontinental Exchange, ICE, ICE block design, NYSE, ICE Data Services, ICE Data and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use. Other products, services, or company names mentioned herein are the property of, and may be the service mark or trademark of, their respective owners.
“U.S. Dollar Index®” and “USDX®“ are trademarks and service marks of ICE Data Indices, LLC or its affiliates (“ICE Data”) and has been licensed for use by ICE Futures Singapore in connection with the Mini USDX® Futures contract. The Mini USDX® Futures contract is not sponsored, endorsed, sold or promoted by ICE Data. ICE Data makes no representations or warranties regarding the advisability of investing in securities or futures contracts, and any such investment based upon the performance of the Index particularly, or the ability of the Index to track general stock market performance.
ICE DATA MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN. IN NO EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES
Follow us
|
