Read our latest article on trading the Dollar Index futures contract on TraderPlantet!
The U.S. dollar index (symbol DX) is the relative “oddball” of the currency markets and, in my opinion, is one of the most under-rated products on the board. It is traded on the InterContinentalExchange (ICE), rather that the Chicago Mercantile Exchange (CME) with most other liquid currency futures, and carries dramatically different contract specifications. It is also the only diversified currency futures product available to traders; for this reason, I like to call it the ETF of currency futures.
Unfortunately, traders tend to migrate to what is comfortable; as a result, the dollar index has a tendency to get overlooked. Nonetheless, I believe that it offers traders some attractive characteristics that can't be found elsewhere.
