DXY & Forex

According to CME's "Fed Watch" data released on October 30, the probability of the Federal Reserve maintaining rates unchanged in December stands at 25.1%, while the probability of a 25 basis point rate hike reaches 74.9%. For January, the odds of maintaining rates at current levels drop to 17.1%, w

Offshore Chinese yuan (CNH) traded at 6.6569 against the U.S. dollar at the New York close on Thursday, October 29, up 48 points from the previous day's close. The currency traded within a daily range of 6.6626–6.6560.

On Thursday, October 29, U.S. 2-year Treasury yield fell 6.43 basis points to 4.6373%, hitting a daily low of 4.6290% by 22:47 UTC. The 10-year yield declined 4.76 bps to 4.97% (daily low 4.9472%), while the 30-year yield dropped 3.23 bps to 5.3114%.

The US Treasury completed a 7-year note auction on the 29th (local time), determining the issuance yield at 4.894% for $44 billion in securities. The yield dropped 19.1 basis points from the previous month's 5.085%, falling below the 5.0% threshold for the first time in one month. Strong demand

On Thursday (Oct 29) in New York's close, the ICE U.S. Dollar Index fell 0.16% to 102.033, trading between 102.448 and 101.946 during the session. At 21:19 Beijing time, both the ICE index and Bloomberg U.S. Dollar Index (up 0.03% to 1224.39) hit their daily highs before retreating

According to FinanceFeeds, Intercontinental Exchange announced on October 29 a partnership with Trade[XYZ] to establish ICE[XYZ], a U.S.-regulated market for perpetual futures on equities, indices, commodities, foreign exchange and cryptocurrencies. ICE will exclusively operate the regulated venue a

European Central Bank (ECB) President Christine Lagarde stated on January 29 (local time) that much information will arrive before the next meeting to help determine whether conditions that could have warranted a rate hike are actually confirmed. Lagarde made these remarks at a press conference

According to FinanceFeeds, EURUSD reversed from support level 1.1110 on October 29, forming a Bullish Doji candlestick pattern on the daily chart. The pair is expected to rise toward the next resistance level at 1.1250. Technical strength from the support level, bullish divergence on the daily RSI i

European Central Bank President Christine Lagarde announced she will step down on February 7, 2027, ending her tenure roughly eight months before her mandate was scheduled to expire in October 2027. Lagarde, who took office in November 2019, shared the departure date in a post on X after informing h

Peter Schiff dismissed Kevin Warsh's stated commitment to curbing inflation as a bluff, according to a Cointelegraph report on October 29. Schiff predicted the Federal Reserve could expand quantitative easing next year while cutting interest rates, even if inflation continues to rise. He clarified t

According to COINOTAG, on October 29, European Central Bank President Christine Lagarde announced she will resign on February 7, 2027, nine months before her eight-year term is due to expire. Lagarde has led the euro area's monetary authority since

According to ChainCatcher, President Trump stated today that the Federal Reserve is unwilling to cut interest rates.

On October 29, the Federal Reserve's reverse repurchase (RRP) facility usage reached $353 million across four counterparties, up from $176 million the previous trading day when the Fed held interest rates

On October 29, German 2-year government bond yields fell 5.6 basis points to 3.075% following the European Central Bank's decision to hold rates steady. The decline accelerated after the ECB's announcement at 21:15 UTC, hitting daily lows near 23:34 UTC during ECB President Christine Lagarde's

According to CME FedWatch data, on October 30, the market priced in a 79.6% probability of a 25-basis-point rate hike in December and a 20.4% probability of maintaining current rates.

The United States will hold midterm elections on November 3 to determine the composition of Congress during the final two years of Donald Trump's presidency. The elections are taking place against a backdrop of concerns over the cost of living, inflation, energy prices, and the direction of the US e

On October 29, UK gilt yields fell sharply in late European trading, with the 10-year yield dropping 2.7 basis points to 5.249% and the 2-year yield declining 4.7 basis points to 4.855%, both marking session lows as of Beijing

According to Yonhap Infomax, on October 29, U.S. 10-year Treasury yields fell 6.1 basis points to 4.978% as of 10:04 a.m. ET, with two-year yields declining 5.8 basis points to 4.654% and 30-year yields down 4.8 basis points to 5.318%. While stronger-than-expected third-quarter GDP growth of 3.4% (y

According to Reuters and Bloomberg, European Central Bank officials expect to raise rates by 25 basis points on December 17, bringing the deposit rate from 2.50% to 2.75%. One official stated the December rate hike is "almost certain" unless energy prices suddenly collapse. Bloomberg noted officials