DXY & Forex

The U.S. composite PMI output index rose from 56.0 in August to 58.4 in September, reaching a 62-month high. The services PMI rose from 56.5 to 58.7, while the manufacturing output index climbed from 53.1 to 56.7, with manufacturing and services expanding in tandem. The new orders index jumped from 55.2 to 58.2, its highest level since March 2022; backlogs of work also rose to their highest level since May 2022. Chris Williamson, chief business economist at S&P Global Market Intelligence, noted

According to Federated Hermes, the Federal Reserve's 25 basis point rate hike last week underscores the reality facing bond investors throughout 2026: interest rates have risen significantly with uncertain downside paths ahead. Karen Manna, the firm's fixed income strategist, noted that elevated

White House chief economist Kevin Hassett criticized the Federal Reserve on Wednesday for raising interest rates despite core inflation remaining at about 2% annually. Speaking at an event at Georgetown University, Hassett questioned why non-Trump-appointed Fed officials were supporting the rate

Brazil's Central Bank forecasts foreign direct investment inflows of $75 billion for 2026.

According to New York Fed Chair Williams on September 24, another interest rate hike this year is a "reasonable" expectation amid persistent inflation above the Federal Reserve's 2% target. Williams cited strong demand driven by energy prices and AI investment, stating the Fed has "substantial

According to Bloomberg, Hong Kong is seeking to raise US$1.91 billion to US$2.55 billion through a multi-currency digital green bond sale with pricing potentially on September 28. The offering will include US dollars, Hong Kong dollars, euros, and offshore yuan. The Hong Kong Monetary Authority

According to Jin10, on Thursday (Sept 24), German 10-year Bund yields rose 3 basis points to 3.575%, marking a 17-year high amid eurozone bond sell-offs. Brent crude oil rebounded above $106 per barrel, driven by limited progress in U.S.-Iran diplomatic negotiations aimed at ending conflict,

According to Jin10, the European Bank for Reconstruction and Development (EBRD) cut its economic growth forecast for 40 economies it covers to 2.5% on Sept 24, down 0.6 percentage points from June predictions. The downgrade reflects the cumulative impact of war, elevated energy prices, rising

According to Jin10, the People's Bank of China Shanghai Branch held a meeting on Sept. 24 to advance offshore bond market development. Financial institutions were instructed to expand issuance scale, broaden investment channels by leveraging Foreign Trustee of Unit (FTU) policies to attract global i

According to a statement released by the People's Bank of China on September 24, the central bank unveiled its 2026 renminbi internationalization report, announcing plans to improve foundational institutional arrangements for cross-border yuan use. The PBOC outlined support for expanding offshore re

According to Gate data, USD/JPY rose to 158.567, breaking the 158.5 level with a 24-hour gain of 0.4%.

According to the People's Bank of China, the monetary policy committee held its third-quarter meeting on September 19, assessing that monetary policy transmission efficiency has strengthened and social financing costs have reached historically low levels. The committee noted that the loan prime

On September 24 afternoon trading in Seoul, the USD/KRW exchange rate rose to 1,366.00 won at 3:30 p.m., up 7.60 won from the previous close, hitting an intraday high of 1,376.00 won. Strong U.S. dollar momentum and rising

According to Jin10, on September 19, China's People's Bank conducted its third-quarter monetary policy meeting, calling for enhanced policy effectiveness by combining incremental and existing measures. The committee recommended strengthening policy foresight, flexibility, and precision, while

According to ING's FX strategist Francesco Pesole, on September 24, the euro fell to 1.1367 USD, reaching an eight-week low as the currency remained under pressure. Pesole stated that the euro has entered a notably undervalued zone following the break below 1.14 USD, driven entirely by dollar

According to Bank of America, the ECB is expected to raise interest rates by 25 basis points in December 2026, reversing the bank's previous expectation of no policy change.

According to Caixin and Hong Kong's Securities and Futures Commission, the RMB trading channel for Stock Connect will be launched by July 1, 2027, allowing mainland investors to directly trade Hong Kong stocks in Chinese currency. Meanwhile, Hong Kong Monetary Authority Chief Executive Eddie Yue an