Futures For You by Carley Garner
NEW DOLLAR SPOT INDEX
The CME recently launched a new dollar index futures contract. How does it differ from the ICE version?
The US dollar index futures contract—the DX—that is traded on the Intercontinental Exchange, better known as ICE, is the original benchmark. I often refer to it as the currency ETF of the futures market because it offers speculators a way to place wagers on the strength, or weakness, of the dollar against a basket of major currencies, as opposed to a single currency...