DXY & Forex

According to Guru Club, spot gold crashed nearly 3% on Friday, August 28, falling to around $4,464 per ounce and breaking below the $4,500 level as Federal Reserve Chair Powell reiterated the central bank's commitment to its 2% inflation target at Jackson Hole. Powell warned that if inflation does n

According to Yonhap Infomax, on August 28, the USD/JPY exchange rate surged to 160.082 yen in New York afternoon trading, marking the first time above 160 yen since July 31 coordinated intervention by Japan and the U.S. The dollar index (DXY) rose 0.506% to 99.655, the largest single-day gain since

On Friday (August 28), Iran's Supreme Leader Mojtaba Khamenei issued a statement emphasizing the need to expand domestic production and reduce reliance on the U.S. dollar, calling for Tehran to pursue a "resistance economy" policy. Khamenei cited interconnected economic challenges including

According to Treasury Secretary Janet Bessen's statement on August 27, the U.S. defended its support for yen intervention last month, arguing that any extreme yen volatility could transmit to the U.S. and raise American interest rates. In a letter responding to Democratic Senator Elizabeth Warren's

According to LPL Financial chief economist Jeffrey Roach, Fed Chair Kevin Warsh's Jackson Hole speech delivered today may contain important policy signals buried in footnotes and citations rather than the main text. Roach said investors should focus on Warsh's discussion of Fed credibility,

On Friday (August 28), two-year U.S. Treasury yields climbed 11.14 basis points to 4.3434% in New York afternoon trading, while 10-year benchmark Treasury yields rose 4.18 basis points to 4.7180%. Federal Reserve Chair Powell's prepared remarks at the Jackson Hole Global Central Bank Conference

According to Fed Chair Kevin Walsh, inflation pressures have not shown meaningful slowdown, positioning the September Federal Reserve policy meeting as a critical moment in the central bank's mission to contain prices. If inflation continues to exceed the Fed's 2% target, policymakers will have

According to Allianz chief economist Mohamed El-Erian, the U.S. Treasury yield curve flattened today, with the 2-10 year spread narrowing 7 basis points and the 2-30 year spread narrowing 10 basis points. El-Erian attributed the moves to hawkish repricing in fixed income markets following recent

According to Deutsche Bank on August 29, the bank's economists predict the Federal Reserve will raise rates by 25 basis points in both September and December. Federal Reserve Chair Powell emphasized in his Jackson Hole speech the need to bring inflation back to the 2% target, signaling a hawkish

Offshore yuan (CNH) fell 114 pips to 6.7308 against the U.S. dollar on Friday (August 28), trading within a range of 6.7176–6.7328 during the session. The currency declined approximately 0.15% for the

According to Grayscale's research team, the "debasement trade" is benefiting Bitcoin, as uncontrolled government debt growth weakens fiat currency credibility and prompts investors to seek alternative stores of value. The report, led by research head Zach Pandl, noted that U.S. public debt has

According to the Securities and Futures Commission on August 28, the Hong Kong regulator added SBCFX, Star Bridge Capital Group, Star Bridge Capital Pty Limited and Topical Wealth International Ltd to its alert list, warning that none of the entities is licensed or registered to conduct regulated

According to LPL Financial's chief economist Jeffrey Roach, Fed Chair Warsh's Jackson Hole speech today may offer limited new details in the main text, but footnotes and citations could reveal important clues about policy direction. "Listen for discussions on Fed credibility, productivity growth, a

According to Jin10, the U.S. Dollar Index rose 0.55% on August 28, closing at 99.703 in New York forex trading. The euro weakened to 1.1580 per dollar from 1.1649, while sterling declined to 1.3531 per dollar from 1.3589.

According to the U.S. Commodity Futures Trading Commission (CFTC), for the week ended August 25, the Japanese yen held net short positions of 63,298 contracts, while the euro stood at 36,352 contracts. The British pound recorded net short positions of 44,524 contracts, and the Swiss franc at 19,946

On Friday (August 28), USD/JPY rose 0.45% to 160.11 in New York's closing trade. The pair gained 0.73% for the week and traded within the 158.56-160.20 range, moving closer to July 30's high of 163.74. EUR/JPY fell 0.12% to 185.44, while GBP/JPY dropped 0.11% to 216.647.

The ICE U.S. Dollar Index rose 0.54% to 99.698 on Friday, August 28, with a weekly gain of 0.90%, according to market data. The index initially dipped to 99.098 when Federal Reserve Chairman Jerome Powell's Jackson Hole speech was released at 10:00 p.m. Beijing time, then rapidly rebounded to

According to Kenneth Rogoff, Harvard economics professor and former chief economist of the International Monetary Fund, at the Jackson Hole economic policy symposium, the U.S. government's worsening fiscal crisis will likely require a major shock to voters before reforms occur. Rogoff stated that un

Federal Reserve Chair Kevin Warsh warned on Aug. 28 that the central bank could have more work ahead if inflation pressures fail to ease. Speaking at the Fed's annual Jackson Hole symposium, Warsh said underlying inflation needs to show clear progress toward the central bank's 2% target. Warsh

According to TheStreet, Federal Reserve Chair Kevin Warsh warned on August 28 at the Jackson Hole Economic Symposium that underlying inflation must show "clear progress" toward the Fed's 2% target, otherwise "we have work to do." Warsh emphasized that recent data do not indicate meaningful