The Intercontinental Exchange (NYSE: ICE) has reported a new record daily trading volumes on the US dollar index – the back-to-back records over the past few days reinforces substantial U.S. dollar volatility as the U.S. dollar index (USDX) is near closing above 100 points.
, surpassing the previous record by almost 35%. In December 2014, the daily trading volumes on the U.S. dollar index totaled 118,608 contracts.
However, the uptick in volume on March 11, 2015, proved only to be a prelude to the following day, as March 12 volumes came in at a staggering 192,589 contracts for the USDX. This figure of 192,589 represents a jump of 21% from just one day before at 159,577 contracts – open interest currently stands at 155,305 contracts, according to a recent ICE statement.
Following a rapid retracement in USD currency pairs, the USD trend is once again in full swing, leading to a strong performance across the board. At the time of writing, the EUR/USD is navigating just above the 1.0500 handle, as questions of parity once again permeate the market.
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