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.
ICE reported record trading volumes of 159,577 contracts on Wednesday, surpassing the previous record by almost 35%. In December 2014, the daily trading volumes on the U.S. dollar index totaled 118,608 contracts.
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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.