DXY & Forex

European Central Bank President Christine Lagarde said she is confident that the ECB's rate hike in June was the correct decision.

According to The Times, the Bank of England will restrict the leverage that hedge funds can use to purchase UK government debt. The measure aims to contain systemic risks within the financial system.

At 20:30 Beijing time tonight, the U.S. Bureau of Labor Statistics will release the June non-farm payrolls report. This is the first non-farm report since Fed Chairman Walsh took office—the Fed is shifting from a "forward guidance" framework to a "data-driven + rebuilding credibility" model. The market generally expects June non-farm payrolls to increase by 110,000 to 114,000, down from 172,000 in May; the unemployment rate is expected to remain at 4.3% for the fourth consecutive month; average

Ahead of the U.S. employment data release on July 2, UK gilt yields rose 5 basis points to 4.81%, with 10-year government bonds declining as markets awaited the jobs report.

Lloyds has joined Integral as a liquidity provider on its institutional foreign exchange network, expanding access to the bank's electronic FX pricing across key currency products. The integration gives banks, brokers, asset managers and payment firms using Integral's platform direct access to Lloyd

Lloyds has joined Integral's institutional foreign exchange network as a liquidity provider, according to Integral. The integration enables banks, brokers, asset managers and payment firms using the platform to access Lloyds' electronic FX pricing across key currency products through a single

According to Eurostat, the eurozone's unemployment rate came in at 6.2% in May, beating market expectations of 6.3%. The prior month's figure was also revised down to 6.2% from the previously reported 6.30%.

USD/CHF declined over 0.50% during intraday trading on July 2, falling to 0.8043.

The U.S. dollar fell below the 161 level against the Japanese yen on July 2, trading at 160.98 and declining approximately 1% during the day.

On July 2, the onshore Chinese yuan closed at 6.7866 against the U.S. dollar at 4:30 PM, gaining 69 pips from the previous trading day.

According to Jin10 Data, the U.S. Dollar Index (DXY) fell below the 101 level today, declining 0.4%.

According to ING analyst Chris Turner on July 2, the euro is expected to extend its recent decline against the U.S. dollar over the coming weeks before recovering later this year. Turner cited anticipated U.S. rate hikes as the dominant theme for summer 2026, noting that if markets price in 50

According to BlockBeats, the U.S. will release the June nonfarm employment report at 8:30 p.m. Beijing time on July 2. Markets expect 110,000 nonfarm jobs were added in June, down from 172,000 in May, while the unemployment rate is forecast to remain at 4.3% and average hourly earnings are

According to Jin10 Futures, the CFETS-NEX overall money market sentiment index for the Chinese yuan held steady at 45 as of 4 p.m. on July 2. Large banks, mid-size banks, and non-bank institutions reported sentiment indices of 44, 47, and 44 respectively, all unchanged from the 2:30 p.m.

Italy's unemployment rate fell to 5% in May, beating the expected 5.1% and down from 5.1% in April.

According to Commerzbank strategist Volkmar Baur, the market is pricing in only a 50% probability that the Reserve Bank of Australia will raise rates again this year, but he disputes this assessment. Baur noted that upside risks linked to energy have diminished while downside risks from falling

According to Jin10 Data, the US Dollar Index traded near 101.20 in early Thursday European morning session on July 2, with market sentiment turning cautious ahead of the US employment report due later the same day. Akihiko Yokoo, senior analyst at Bank of Tokyo-Mitsubishi UFJ, noted that if

According to Jin10, gold rebounded on July 2 as the U.S. dollar weakened during European trading. CME FedWatch tool data shows traders are pricing a 64% probability of a Federal Reserve rate hike in September, with odds of a hike by year-end near 85%. Market focus has shifted to the upcoming U.S.

According to Jin10, multiple foreign exchange options contracts are set to expire on July 2 at 10 p.m. Beijing time, including EUR/USD, USD/JPY, USD/CHF, and GBP/USD pairs. A total of 10 strike prices with notional values exceeding $1 billion each are involved in the

According to Jin10, USD/JPY dipped over 100 pips to a low of 161.13 today (July 2), then rebounded and was trading at 161.7.