DXY & Forex

The U.S. Treasury is set to announce results of its 10-year note auction on July 8, including the accepted yield and bid-to-cover ratio, within minutes.

According to CME FedWatch data, as of July 9, the probability of the Federal Reserve maintaining rates unchanged in July stood at 65.3%, with a 34.7% probability of a 25 basis point rate hike.

On Wednesday (July 8), UK 10-year gilt yields rose 12.6 basis points to 4.974% in late European trading. Two-year gilt yields climbed 15.3 basis points to 4.331%.

On Wednesday (July 8), during European market close, German 2-year government bond yields rose 12.5 basis points to 2.710%, marking a daily high. The 10-year German bond yield increased 10.0 basis points to 3.093%, while the 30-year yield rose 6.9 basis points to 3.644%. Across the eurozone,

South African households face National Savings Month in July as the South African Savings Institute (SASI) promotes financial discipline amid a challenging economic environment. The Reserve Bank's repo rate stands at 7% with prime lending at 10.5%, while inflation sits at the upper end of the

According to the South African Savings Institute (SASI), the country launched National Savings Month in July amid rising interest rates and persistent inflation pressures. The repo rate currently stands at 7%, with prime lending at 10.5%, significantly impacting household budgets nationwide. Data s

The U.S. MBA 30-year fixed mortgage rate rose to 6.58% for the week ending July 3, up from 6.57% the previous week, according to the Mortgage Bankers Association.

According to China's central bank, on July 8, the People's Bank of China's monetary policy committee held its Q2 meeting and urged standardization of credit market practices and lowering of financing costs to keep social comprehensive financing rates at lower levels. The committee also emphasized mo

According to Jin10, the People's Bank of China's Monetary Policy Committee held its second quarter 2026 meeting on July 8, maintaining an accommodative monetary policy stance and pledging to strengthen countercyclical and cross-cyclical adjustments. The committee aims to better leverage the

Japan's government bond yields have reached 30-year highs, creating potential macro pressure for Bitcoin. The country's 10-year yield rose 137 basis points over the past year and another 9.1 basis points in four weeks, while Japan mobilizes over 370 trillion JPY in public and private investment by f

According to data from X and analysis by AMBcrypto, Japan's 10-year government bond yield climbed 137 basis points over the past year and another 9.1 basis points in the past four weeks, reaching 30-year highs. The rising yields could tighten global liquidity and pressure risk assets including

Israel's Finance Ministry announced on Wednesday that the country recorded a budget deficit of 8.6 billion shekels in June.

Derek Halpenny from Mitsubishi UFJ advised against over-reading details in the Federal Reserve's June FOMC meeting minutes set to be released tonight (July 8), citing significantly changed market conditions since early June. The dot plot, likely submitted before June 12, would not show nine

According to Yonhapinfomax, on July 8, South Korea's won currency plunged sharply against the U.S. dollar, hitting 1,498.50 KRW per dollar in afternoon trading—marking the first time the exchange rate broke below 1,500 since May 29 and a decline of 29.70 won from the previous day's close. The sharp

According to Yonhapinfomax, South Korea's interest rate swap (IRS) yields steepened on July 8 afternoon, with short-term rates falling and long-term rates rising. The 1-year IRS rate dropped 2.75 basis points to 3.4450%, while the 5-year rose 1.25bp to 3.9625% and the 10-year climbed 3.25bp to 4.060

According to Yonhap Infomax, on July 8, South Korea's 1-year FX swap points declined 0.20 won from opening to close at minus 14.60 won, while shorter-dated contracts showed mixed movement. The 6-month maturity held flat at minus 7.40 won,

UK 10-year gilt yield rose nearly 11 basis points to 4.956% today (July 8), marking the highest level since June 10. The move is on track to deliver the largest single-day gain since May 15.

According to Jin10, market pricing on July 8 shows European Central Bank monetary tightening expectations for the rest of 2026 have risen to 36 basis points, up from 25 basis points on Tuesday.

Traders observed that India's central bank may be selling dollars on July 8 to limit rupee depreciation. The potential intervention reflects efforts to stabilize the currency amid market pressures.

Spain's Prime Minister's Office stated that it views recent U.S. trade measures as a matter of "business as usual" and will not alter relations with the United States. The office emphasized that Spain and the U.S. maintain strong social, cultural, and economic ties that the country does not intend t