DXY & Forex

According to Jin10, on July 3, U.S. President Trump declined to advise Federal Reserve Chair Powell following the latest employment report, saying the new chair "must do what he must do." Trump stated that Powell faces "a possibly somewhat hostile board" that may want to do the wrong things. Trump a

Gate News: According to the latest Gate TradFi data, USDIDR (US Dollar vs Indonesian Rupiah) has dropped by 5.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to Euroclear spokesperson Jorgen Muylaert, the Brussels-based clearing house filed a lawsuit in a Belgian civil court last month seeking to block enforcement of a Russian arbitration ruling that ordered payment of approximately €220 billion in damages over frozen Russian assets. Euroclear

U.S. President Donald Trump stated that Federal Reserve Chair Kevin Walsh may struggle to force other officials to set monetary policy according to his wishes, describing the board he faces as "somewhat hostile." Trump commented, "The board he faces might be a little hostile, and, you know,

According to CME FedWatch, on July 3, the Federal Reserve has an 82.4% probability of keeping rates unchanged in July, with a 17.6% probability of a 25 basis point rate increase. For September, the Fed has a 46.8% probability of maintaining rates, a 45.6% probability of a cumulative 25bp hike,

New Zealand Reserve Bank chief economist Paul Conway is scheduled to deliver remarks on July 14.

According to the U.S. Bureau of Labor Statistics, the U.S. Dollar Index fell 0.5% on Thursday (July 2) to 100.86 after June nonfarm employment rose only 57,000, missing market expectations of 114,000 and falling below May's revised 129,000. The weak jobs data softened Fed rate-hike expectations,

U.S. President Donald Trump announced on July 2 that he will begin the procedure to remove Federal Reserve Governor Cook from the Fed.

On Thursday (July 2) at New York close, offshore yuan (CNH) traded at 6.7888 against the U.S. dollar, up 59 pips from Wednesday's close. The pair fluctuated within a range of 6.7966 to 6.7836 during the

South Korea's foreign exchange reserves reached $427.36 billion in June, up from $426.99 billion in May, according to official data released in early July.

Foreign central banks reduced their holdings of U.S. Treasury securities by $11.06 billion in the week ending June 26, according to the latest Federal Reserve data. This reverses the prior week's increase of $5.656 billion.

Euroclear filed a lawsuit in Brussels to void a Russian arbitration court ruling that ordered the clearinghouse to unblock and pay $232 billion in Russian assets held in its custody. The Russian court ruled that Euroclear's

According to L'Echo, Euroclear, one of Europe's largest clearinghouses, filed a lawsuit in Brussels to void a Russian arbitration court ruling ordering the unblocking of $232 billion in frozen Russian assets. The Moscow court had directed Euroclear to release the blocked funds and securities to the

According to the Brazilian government, Brazil approved on June 30 the free trade agreement between Mercosur and Singapore, the first such deal between the bloc and a Southeast Asian country. The agreement ensures 100% zero tariffs on all Brazilian exports to Singapore and takes effect on

On Thursday, Latin American stocks and currencies broadly advanced as a lower-than-expected U.S. employment report weakened the dollar and eased pressure on risk-sensitive emerging market assets. The MSCI Latin America currency index gained 0.1%, while the region's stock index rebounded 0.3% after t

On Thursday evening in New York, USD/JPY declined 0.87% to 161.17 yen, trading within the 162.61-160.64 range during the session. EUR/JPY fell 0.43% to 184.19 yen, while GBP/JPY decreased 0.35% to 215.066 yen.

The ICE Dollar Index fell 0.50% to 100.890 points on July 2, the day of the U.S. Non-Farm Payroll report release. Following the data announcement at 20:30 Beijing time, the index dropped sharply to a daily low of 100.558 points within 15 minutes. The Bloomberg Dollar Index declined 0.43% to 1219.52

The onshore yuan (CNY) closed at 6.7830 against the U.S. dollar at 03:00 Beijing time, up 50 points from Wednesday's close. Trading volume reached $60.508 billion.

Federal Reserve Overnight Reverse Repurchase Agreement (RRP) usage stood at $2.175 billion on Thursday (July 2) with 4 counterparties, up from $1.001 billion on the previous trading day.

On Thursday (July 2), the UK 10-year gilt yield rose 1.9 basis points to 4.776% during European trading, reaching a daily high of 4.816% just before the US non-farm payroll report. The 2-year yield fell 0.7 basis points to 4.199%, while the 30-year and 50-year yields gained 2.5 and 2.6 basis points,