January, 2020

Mini U.S. Dollar Index®
Subscribe to this Newsletter
English      |      한국어 »      |      简体中文 »      |      繁體中文 »
  • The dollar began 2020 on a strong note, propelled by a combination of relative economic strength, resolution of long-running trade issues and virus-related fears in China. The ICE U.S. Dollar Index® recouped December’s losses, pushing above 98 before sliding back to the mid-97 area on the final day of the month.
  • Sterling fell over 2 cents to the $1.30 level during the month before rebounding slightly on Brexit day. EUR followed the same pattern, dropping 2 cents from $1.12, a six month high versus USD, only to bounce higher by a penny at month end. Weighing on the Euro was a reversal in interest rates, falling after three months of gains.
  • President Trump’s signing of the USMCA (NAFTA’s replacement) into law kept MXN on the move higher against the dollar for the fourth straight month. The peso stayed below 19 per USD for the entire month, the first time in two years. CAD declined steadily throughout January as the Canadian government has yet to ratify the trade agreement.
  • The signing of the Phase 1 trade agreement between US and China did little to help CNY or other Asia-Pacific currencies in January, with markets focused squarely on the coronavirus outbreak. At the end of January, CNY was only down about 1% for the month rallying on the trade news before falling back. AUD and NZD also suffered as fears of an exacerbated China economic slowdown hit those commodity-intensive currencies. JPY, as a safe-haven, improved on the month, rising from the mid-108 level to the low 109 area.
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
ICE
ICE Data Services
NYSE