DXY & Forex

According to Jin10 Data, on June 29, Bank of England Chief Economist Huw Peel voted to support raising interest rates to 4% in recent meetings, citing concerns that inflation remains elevated above the central bank's 2% target. Peel warned that policymakers "should not be complacent" about the

According to Jin10 Futures, the CFETS-NEX onshore yuan sentiment index stood at 48 as of 2:30 p.m. (Beijing time) on June 29, unchanged from the morning reading at 10:15 a.m. The index measures liquidity conditions across market segments: large banks reported 47, mid-size banks 50, and non-bank

According to Thomas Mathews, Asia-Pacific manager at Caixin Macro, the U.S. Treasury bond rally that drove yields lower is expected to lose momentum this week, while German bunds may rise further. Mathews cited strengthening labor market dynamics as a key risk, stating recent momentum in

According to Jin10, large forex options contracts worth over $1 billion (notional value) across multiple currency pairs—including EUR/USD, USD/CHF, AUD/USD, and USD/JPY—are set to expire today at 10 p.m. Beijing time (June 29). Five strike prices with notional values exceeding $1 billion each are in

According to Citigroup rate strategists on June 29, the bank raised its year-end target for 10-year U.S. Treasury yields to 3.9% from 3.75%. The adjustment follows a hawkish stance by the Federal Reserve at its June meeting. Citigroup strategists maintained a mid-term bullish view on U.S.

According to Jin10, offshore Chinese yuan Hong Kong Bank Interbank Offered Rate (CNH HIBOR) showed a broad decline on Monday, June 29. The overnight rate dropped 12 basis points to 1.40682%, marking the lowest level since June 8. One-week HIBOR fell to 1.67212%, two-week HIBOR declined to 1.66849%,

Overnight SHIBOR declined to 1.3560%, down 1.5 basis points. The 7-day SHIBOR fell to 1.4500%, down 1.7 basis points, while the 3-month SHIBOR reported 1.4370%, down 0.3 basis points.

According to multiple financial institutions, the U.S. dollar index surged to 101.8 on June 24, breaking the 101 level and marking its highest point in 13 months. The index remained above 101 on Friday (June 26). The euro declined 2.6% for the month and hit a one-year low, while the yen

On June 26, Zhu Hegui, Vice Governor of the People's Bank of China and Administrator of the State Administration of Foreign Exchange, met with Jane Fraser, Chair and CEO of Citigroup. The two sides exchanged views on international economic and financial conditions, China's economic development

On June 29, major Wall Street banks including JPMorgan Chase, Morgan Stanley, and Bank of New York Mellon forecast the euro will decline more than 3% against the dollar over the next year, reaching around 1.10. The euro has already fallen to a one-year low this month, in contrast to its five-year hi

On June 29, yields on China's interbank interest rate bonds declined across key tenors. The 10-year CDB bond '26 CDB 05' yield fell 1.1 basis points to 1.7650%, while the 10-year government bond '26 Govt Bond 10' yield dropped 1 basis point to 1.7130%. The 30-year government bond '26 Ultra-Long

According to its monetary operations, the People's Bank of China conducted 157.5 billion yuan in 7-day reverse repurchase agreements today at an interest rate of 1.4%, unchanged from previous operations. The central bank also conducted 300 billion yuan in overnight reverse

According to Jin10 data, South Korea's headline consumer price index (CPI) is expected to exceed 3% for a second consecutive month in June 2026. Economists surveyed by the Wall Street Journal predict a year-on-year increase of 3.2% for June, up from 3.1% in May, exceeding the Bank of Korea's 2%

According to Jin10, on June 29, the Chinese yuan weakened against major currencies in the interbank forex market. The USD/CNY midpoint rate climbed to 6.8175, up 9 pips, while EUR/CNY rose to 7.7564, up 159 pips, marking significant moves in the currency

According to Jin10, as of 08:45 on June 29, the CFETS-NEX China RMB funding sentiment index rose to 48, up 1 point from the previous day's 16:00 close. The sentiment index for large banks, mid-size banks, and non-bank institutions stood at 47, 50, and 47 respectively, each up 1 point. The index

According to CFETS, on June 26, China's RMB exchange rate index rose 0.8 points to 102.57 on a weekly basis.

According to China Citic Securities, the People's Bank of China announced overnight repurchase operations on June 29, focusing on pricing relative to the 7-day repo rate of 1.4%. The bank will monitor whether this tool signals broader monetary accommodation and whether it becomes a routine

Japan's retail sales grew 1.9% month-over-month in May, beating expectations of a 0.5% decline, compared to a 1.3% increase the previous month.

Japan's May retail sales surged 5.3% year-on-year, significantly exceeding the forecast of 3.2%. Additionally, the prior month's figure was revised upward to 2.8% from the initial reading of 2.1%.

According to Jin10, Australia's central bank may raise official rates further in August due to persistent domestic inflation concerns, according to Matthew Hassan, Westpac's head of Australian macroeconomic forecasting. Hassan noted that the normalization of oil and natural gas supply will be a