DXY & Forex

According to Monex Europe, the Bank of Canada raised interest rates by 25 basis points to 2.5% on October 29, with market expectations for a December rate hike standing at just 44% based on LSEG data. The analyst noted that consecutive hikes are inconsistent with current economic conditions: core in

UK M4 money supply rose 0.1% month-on-month in September, down from 0.4% in the prior month, according to Bank of England data.

According to the Bank of England, consumer credit in September came in at 1.914 billion pounds, falling short of the 2 billion pound forecast and down from 2.5 billion pounds in August.

PIMCO, the world's largest bond fund manager, stated the Federal Reserve does not acknowledge economic overheating following the Fed's rate hold decision on the 28th. The firm characterized the Fed's current policy path as a recalibration rather than a long-term hiking cycle. PIMCO emphasized Fed

According to Jin10, the People's Bank of China and the Central Bank of Chile renewed their bilateral currency swap agreement on October 29, maintaining a scale of 50 billion yuan / 600 billion Chilean pesos for a five-year term. The renewed agreement aims to deepen monetary and financial

India's central bank provided direct dollar liquidity to public sector oil marketing companies (OMCs) in October and implemented measures to curb currency speculation, according to the nation's economic report. The moves aim to buffer extreme exchange rate volatility and mitigate imported

FX swap points declined across most tenors on October 29 as upward pressure from month-end Korean won funding demand dissipated. The 1-year swap point closed at -14.60 won, unchanged from the opening price, while shorter-term tenors fell between 0.15 and 0.30 won. The decline followed the previous d

According to a Reuters survey, bearish bets on the Indonesian rupiah have reached their highest level since early July. Meanwhile, bearish sentiment on the Philippine peso has hit its highest level since

According to ChainCatcher, the U.S. is scheduled to release September PCE inflation data and third quarter GDP initial estimate tonight at 20:30 (UTC). The data release may trigger volatility in Treasury yields, the U.S. dollar, and equity

Federal Reserve Chair Kevin Warsh announced on Wednesday, October 28, that the FOMC will reduce benchmark interest rate-setting meetings from 8 to 7 per year beginning in 2027, with a potential further reduction to 6 meetings annually by 2028. The total number of FOMC meetings will remain at 8 per y

Morningstar forecasts the Federal Reserve will raise rates one more time in December before pivoting to cuts starting in the second half of 2027, according to economist Preston Caldwell. The Fed held its federal funds rate target range at 3.75-4.00% at its May 28 meeting, with Chair Kevin Warsh

According to Jin10 Futures, China's CFETS-NEX yuan funding sentiment index stood at 54 as of 4 p.m. on October 29, unchanged from 2:30 p.m. The index for large banks, mid-sized banks, and non-bank institutions remained at 51, 54, and 57

According to Jin10, the euro weakened against the pound on October 29 ahead of the European Central Bank's monetary policy decision later that day, with EUR/GBP falling to 0.8365 from an intraday high of 0.8374. The pair extended a five-week downtrend with an estimated cumulative decline of 2.8%.

According to the Central Bank of Azerbaijan, the country's strategic foreign exchange reserves increased by $4.3 billion to $8.94 billion since the start of the year, up from $8.51 billion at year-end 2025.

The Bank of Japan (BOJ) is expected to maintain its benchmark interest rate at 1.25% at its monetary policy meeting on the 30th, according to market forecasts reported by Investing.com on the 28th (local time). Despite persistent inflationary pressures in Japan, the central bank is anticipated to

According to Investing.com, the Bank of Japan is expected to hold its benchmark interest rate steady at 1.25% when its policy meeting concludes on October 30. Market participants anticipate the hawkish hold amid lingering inflation pressures, with Japan's September core consumer price index (CPI) r

In the early hours of October 29, 2026, Beijing time, the Federal Open Market Committee (FOMC) voted 10–2 to leave the target range for the federal funds rate unchanged at 3.75% to 4.00%. This was the Fed’s first decision to “pause and observe” since it began raising rates in September, following its first 25-bps hike in more than three years. Markets had already fully priced in the decision. What is truly worth unpacking is the information conveyed on two fronts: the internal tensions revealed

According to BlockBeats, on October 29, the Federal Reserve maintained interest rates unchanged and upgraded its assessment of U.S. economic growth from 'moderate' in September to 'robust.' The central bank noted strong business investment and employment growth aligned with labor market

According to Deutsche Bank analysts Mark Wahl and his team on October 29, the ECB is expected to keep discussion of France's issues to a minimum. The bank noted that the threshold for activating the Transmission Protection Instrument (TPI)—designed to address eurozone sovereign debt spread

The European Central Bank is expected to hold its deposit rate at 2.5% on October 29, Bloomberg reported. The decision weighs stress in France's government bond market and inflation pressure from higher energy prices. Euro area inflation has climbed to nearly double the ECB's 2% target, while