DXY & Forex

The UK Treasury announced it will issue 12-month maturity treasury bills starting January next year, expanding beyond its current offerings of 1-month, 3-month, and 6-month bills. The Debt Management Office (DMO), under the Treasury, disclosed the new issuance plan alongside the introduction of a Tr

According to the UK Treasury, the Debt Management Office (DMO) will issue 12-month Treasury Bills beginning January 2027, marking the first time the UK has offered bills with this maturity. Historically, the DMO has only issued bills with 1-month, 3-month, and 6-month maturities. The Treasury also

On October 28, the Federal Reserve's overnight reverse repurchase agreement (RRP) saw usage decline to $176 million with 2 counterparties, down from $226 million on the previous trading day.

According to Governor Tiff Macklem, the Bank of Canada raised its overnight rate target by 25 basis points to 2.50% on October 28, marking the first increase since July 2023. The central bank indicated further rate hikes remain possible as it carefully monitors economic conditions amid heightened in

According to TD Securities, the Bank of Canada is expected to raise interest rates again in December.

Canada's 2-year government bond yield increased 7.2 basis points, reaching 3.441%, the highest level since August 2024.

According to Bloomberg, Brazil's real plunged 8% against the U.S. dollar on October 28 following President Lula's re-election, marking the currency's largest single-day decline in over 20 years. Wall Street banks diverged on their outlook for Brazilian assets. Citigroup closed bullish positions,

According to Yonhap Infomax, U.S. Treasury yields held steady on October 28 as the Federal Reserve prepared for its rate decision. The 10-year yield rose 0.50 basis points to 4.997%, while the 2-year yield climbed 0.60bp to 4.745%. The 30-year yield fell 0.50bp to 5.300%. The CME FedWatch tool

According to Kaxton analyst David Strich, reported by Jin10 on October 28, the British pound showed muted reaction to Wednesday's budget announcement. Chancellor Jeremy Hunt sidestepped key questions regarding public spending, local council tax reform, and defense spending. Strich noted this

The Federal Reserve announces its interest rate decision at 2 p.m. ET today, with markets pricing odds of a hold above 90%, according to CME FedWatch. The central bank is expected to maintain the target range at 3.75%-4.00% after September's rate hike, the first increase since 2023. Bitcoin trades a

Wall Street is divided on investment strategy ahead of the Federal Reserve's Oct. 28 rate decision, with markets pricing in a 90% chance of no change to the benchmark rate currently at 3.75% to 4.00%. AI company Anthropic has become the third-largest holder of cash-like assets among U.S.

According to Schroders chief economist David Risch, the UK budget provides limited relief for households facing cost-of-living pressures but insufficient to alter the economic outlook. With resilient economic growth and persistent inflation, Risch stated the Bank of England is likely to raise

The Bank of Canada raised its policy rate by 25 basis points to 2.50% from 2.25% on October 28, marking the first increase since 2023. The central bank stated the move was intended to reduce the risk that high energy prices would spread broadly to the prices of other goods and services, adding that

According to New York Fed data, the secured overnight financing rate (SOFR) rose to 3.95% on October 27, the day the Federal Reserve's monetary policy meeting opened, up 2 basis points from the previous day's 3.93%. The effective federal funds rate remained steady at 3.88%.

The US dollar rose modestly on the 28th, with the dollar index (DXY) reaching 102.376 at 7:32 AM Eastern Time, up 0.077 points or 0.075% from the previous close of 102.299. The gain reflected upward pressure from rising international oil prices amid tensions between Saudi Arabia and Yemen's

According to the Bank of Canada, the central bank forecasts average inflation of 2.9% for 2026, down from 2.5% expected in July. Economic growth is projected at 1.0% for 2026, compared to the 0.7% forecast in July.

According to Yonhapinfomax, the US dollar index (DXY) rose to 102.376 on October 28 at 7:32 a.m. ET, up 0.077 points or 0.075% from the previous close. The dollar showed limited directional movement ahead of the Federal Reserve's policy rate decision. CME FedWatch data indicated a 90.6%

According to Yonhap Infomax, USD-KRW rose to 1,340.80 won on October 27, up 17.10 won from the previous session. The rally was driven by a record-scale influx of foreign investor buying in dollar futures contracts, with foreign investors making net purchases of approximately 144,300 dollar futures c

According to JPMorgan Chase analysts, the U.S. Treasury will likely increase its short-term borrowing when announcing its quarterly refunding plan next week. The bank projects net borrowing for private investors will reach $2.038 trillion in 2026 and rise to $2.202 trillion in 2027. Privately held s

US Treasury bonds have recovered from their early-October selloff as investors shift capital from artificial intelligence infrastructure investments to government debt, driven by concerns about AI companies' ability to finance expensive data centers and computing infrastructure. The recovery