DXY & Forex

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

Grayscale Research Head Zach Pandl analyzed Bitcoin's market behavior as the cryptocurrency surged above $80,000 in recent days. Pandl identified a significant shift in Bitcoin's correlations: its 90-day correlation with gold rose from near zero at the beginning of the year to over 50%, while its co

According to Barclays Bank and Societe Generale, both institutions expect the Federal Reserve to raise interest rates in September and December. The forecasts reflect expectations for further monetary policy tightening by the U.S. central bank over the coming

According to U.S. Treasury Secretary Scott Bessent's statement on August 27, the U.S. and Japan's rare joint intervention to support the yen in July was intended to prevent disorderly market moves that could force liquidations and threaten global financial stability, ultimately raising U.S.

U.S. Treasury Secretary Scott Bessent defended recent currency interventions on Friday, arguing that yen market volatility could transmit to the United States and push up American interest rates. Bessent stated that yen market disorder may trigger forced liquidations, disrupting global markets and r

On Friday, Aug 28, Federal Reserve overnight reverse repo (RRP) usage fell to $175 million with one counterparty, down from $456 million on the previous trading day.

According to Bloomberg television interview, Bank of England Governor Andrew Bailey downplayed second-round inflation risks ahead of the central bank's September 17 rate decision. Bailey stated at the Jackson Hole Economic Symposium

According to BlockBeats, on August 29, Federal Reserve Governor Goolsbee stated that inflation caused by overheated demand is difficult to resolve, and inflation persistence has exceeded expectations. He emphasized that monitoring whether inflation remains temporary remains the key focus,

The U.S. dollar rose 0.5% against the Japanese yen today (August 28), reaching 160.19.

According to Fed chair Powell's Jackson Hole speech, on Friday, August 28, Germany's 2-year bond yield surged 4.2 basis points to 2.906%. Powell's newly disclosed remarks signaled a hawkish tone, significantly expanding the yield gain after initial market moves. Germany's 10-year bond yield

According to analysts and market reactions, Fed Chair Kevin Warsh reaffirmed the 2% inflation target at the Jackson Hole economic symposium on Friday (August 28), stating that if inflation does not decline quickly enough, the Fed "still has work to do." Markets interpreted the speech as hawkish,

The US 5-year Treasury yield climbed to 4.48%, marking its highest level since February 2025. The move reflects ongoing market dynamics in the fixed-income space.

U.S. mortgage rates are holding near elevated levels as of Aug. 27, with the average 30-year fixed rate at 6.66% and the 15-year rate at 5.98%, according to Freddie Mac. Treasury yields remain high, with the 10-year U.S. Treasury yield near 4.68% early Friday, keeping pressure on borrowing costs.

On August 28, UK 2-year gilt yield rose 4.8 basis points to 4.405%, marking its weekly gain. According to the trading data, the yield dipped to a daily low of 4.351% at 22:00 Beijing time when Federal Reserve Chair Powell's remarks were released, then rebounded sharply. Meanwhile, the 10-year gilt y

According to Masahiko Loo, senior fixed income strategist at State Street Global Advisors, the Bank of Japan may conduct another round of FX market intervention before its earliest possible rate hike in

The U.S. Dollar Index (DXY) gained 0.50% during intraday trading on August 28, reaching 99.62.

Federal Reserve Chair Kevin Warsh reaffirmed the Fed's 2% inflation target and pushed back on the idea that inflation is beaten in his first Jackson Hole keynote on Friday. Speaking on his 100th day in the job, Warsh said the Fed's preferred inflation gauge, the PCE index, is running at 3.7%