DXY & Forex

According to Jin10, Federal Reserve Vice Chair Beth Kashkari expects one rate hike in 2026. Meanwhile, European Central Bank officials signaled cooling rate hike expectations, with anticipated 2026 increases falling short of 25 basis points. Domestically, China's central bank conducted a 300

According to Jin10, the European Central Bank disclosed on June 29 that eurozone corporate lending growth reached a three-year high in May, rising from 3.4% year-over-year in April to 4.0%. Household lending growth also increased slightly to 3.1% from 3.0%, while broad money supply (M3)

According to David Stritch, chief strategist at Caxton hedge fund, on June 29, UK government bond yields have surged significantly since the pandemic, with borrowing costs nearly doubling in just a few years while the fiscal deficit continues to widen. Stritch cautioned that large-scale fiscal

According to the latest CFTC data, investors are holding $87.2 billion in British pound short positions on June 29, marking the largest amount since May 2015, when the record stood at $95.67 billion. The surge in bearish positioning reflects market concern over UK political uncertainty following

Eurozone M3 money supply grew 3.2% year-over-year in May, exceeding the forecast of 2.7% and the previous month's 2.7%.

According to Commerzbank analyst Michael Pfister, reported by Jin10 on June 29, the euro likely needs considerable time to recover meaningfully against the dollar. With eurozone inflation possibly peaking in May, markets are unlikely to bet on further ECB rate hikes, and no decisive catalyst

According to BlockBeats, on June 29, ECB Governing Council member Kazaks stated there is currently no necessity to rush into multiple rate hikes.

According to statements from Capital Group, Pimco, Insight Investment, and Natixis, major global bond asset managers are increasing allocations to five-year U.S. Treasury notes, which currently yield around 4.15%. The managers view the maturity as a defensive hedge amid uncertainty over Federal

According to Nomura's global FX strategy team, as reported by Jin10 on June 29, market vigilance over potential Japanese intervention has limited USD/JPY gains. The analysts noted that as the pair approaches the 163 level, the likelihood of intervention by Japan's Ministry of Finance increases,

Spain's harmonized consumer price index (CPI) year-on-year rate came in at 3.6% in June, exceeding expectations of 3.4% and remaining nearly flat compared to the previous month's 3.60%.

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