Somebody thinks the dollar’s going real low. The Intercontinental Exchange, one of the largest futures trading platforms in the world, this morning said it was canceling all trades above $76.50 for the U.S. Dollar Index (DX-Y.NYB). The DXY, which tracks the dollar against a basket of six currencies, had risen as high as $82 this morning, which would indicate some serious downturn in the dollar, a level the greenback index hasn’t achieved since the February-March market low. The DXY currently is quoted at $75.68.
No comments:
Post a Comment