DXY & Forex

According to Jin10, Hainan Province issued 5 billion yuan offshore RMB government bonds in Hong Kong on September 16, attracting 59 institutional investors from eight countries and regions. The issuance included 2.5 billion yuan in 3-year bonds priced at 1.41%, 1.5 billion yuan in 5-year bonds at 1.

According to Jin10, Japan's 2-year government bond yield rose to 1.865% on Thursday, reaching its highest level since April 1995. The increase was driven by the Federal Reserve's hawkish rate hike outlook and expectations that the Bank of Japan will raise rates by 25 basis points to 1.25% on

The Bank for International Settlements (BIS) found that term premium increases accounted for nearly half of the recent rise in US 10-year Treasury yields, according to a quarterly review report released recently. The analysis, covering the period from June 1 to this month's 3rd, showed that the term

Nick Timiraos, a Wall Street Journal reporter known as the Federal Reserve's unofficial spokesperson, analyzed that Fed officials' long-run interest rate projections have been revised upward. On September 16, Timiraos compared the Fed's Summary of Economic Projections (SEP) from two years ago when r

According to Nick Timiraos (Wall Street Journal), Federal Reserve officials significantly revised their long-term interest rate expectations on September 16. Two years ago, 10 of 19 policymakers expected long-term rates to stabilize below 3%; now only 1 official holds that view, while 11 now

According to its quarterly review report released today, the Bank for International Settlements (BIS) attributed roughly 40% of the U.S. 10-year Treasury yield increase since early June to rising term premium. The term premium rose approximately 10 basis points over the June 1 to September 3

Hong Kong Monetary Authority cut its base rate by 25 basis points to 4.25% this morning, September 17. Simultaneously, China's central bank conducted 762 billion yuan in open market reverse repos, with a net injection of 159 billion yuan for the day. In mainland markets, the three major A-share

According to Financial Times, on September 17, the yen weakened over 1.1% after the U.S. Federal Reserve implemented its first rate hike in three years, the first since 2023. The dollar strengthened 0.7% against a basket of major trading partners' currencies. Mitul Kotecha, head of Asia FX and

According to The Economist, citing analysis by MIT professor Lira Mota and Stanford professor Hanno Lustig released on September 16, the convenience yield on U.S. Treasuries has essentially disappeared since July. Convenience yield represents the premium investors are willing to forgo for holding

According to DBS Group Research chief economist Taimur Baig, reported by Jin10 on September 17, the Federal Reserve may raise interest rates two more times during the current cycle—in the remainder of 2026 and early 2027. Baig noted that the Fed's September rate hike lays the foundation for

According to BlockBeats, on September 17, Macquarie forecasts the U.S. Federal Reserve will raise interest rates by a total of 50 basis points, with increases of 25 basis points each in December 2026 and

Scott Chronert, head of US equity strategy at Citi Research, stated that the Federal Reserve's preemptive interest rate hikes could stabilize long-term Treasury yields and deliver a 'bullish shock' to equity markets, according to Business Insider. Chronert argued that proactive Fed rate increases ar

Japan's Finance Minister Katayama Tsutomu said on September 17 that he expects the Bank of Japan to work closely with the government to implement appropriate monetary policy aimed at achieving the 2% price

The Indian rupee hit a fresh one-month low today, falling below the 96 level against the U.S. dollar for the first time.

According to Jin10, on September 17, two-week offshore Chinese yuan Hong Kong interbank offered rate (Hibor) fell to 1.40091%, marking its lowest level since June 5. Overnight Hibor rose to 1.37242%, one-week Hibor edged up to 1.39061%, and one-year Hibor held steady at 1.66939%.

The FED's 12-member FOMC unanimously voted on September 17 to raise the benchmark Interest Rate by 25 bps, bringing it to 3.75%–4.00%. Hours after the rate hike, Trump posted on Truth Social demanding that rates be lowered to “1% or lower” and told reporters that the FOMC was “very hostile, very political,” accusing it of raising rates to “make Trump look as bad as possible.” FOMC Unanimously Decides to Raise Rates On September 17, 2026, the FOMC's 12 members unanimously approved raising the fed

BMO's chief FX strategist Mark McCormick stated in a recent report that the Goldilocks scenario is collapsing, according to Business Insider on the 16th local time. McCormick cited persistent inflation, high interest rates, and simultaneous economic slowdowns in the US and China as factors

According to Financial Times China, Goldman Sachs adjusted its forecast for the Federal Reserve's interest rate path on September 17, now predicting the central bank will raise rates once more in October.

According to Bloomberg Intelligence analyst Sharon Chen, SoftBank Group's five-year credit default swaps rose to 384.6 basis points yesterday, their highest level since 2023, as traders assessed risks tied to OpenAI, one of the company's largest investments. SoftBank has committed US$64.6 billion to

According to Japan's Chief Cabinet Secretary Minoru Kihara, Japan is maintaining close communication with the U.S. Treasury to preserve foreign exchange market stability.