DXY & Forex

According to Goldman Sachs, the U.S. dollar will strengthen further in the near term as energy price shocks keep yields elevated while economic growth remains resilient. The combination of rising inflation and growth resilience means interest rates will remain "higher-for-longer," according to Goldm

According to CME FedWatch data released on May 13, the Federal Reserve has a 97.1% probability of holding interest rates unchanged in June, with a 2.9% chance of a 25-basis-point rate cut. For July, the probability of maintaining rates stands at 96%, while a 25-basis-point cut has a 3.9% probability

On Tuesday (May 12), offshore Chinese yuan (CNH) closed at 6.7908 against the U.S. dollar, up 11 pips from Monday's close in New York trading. The currency traded within a range of 6.7977 to 6.7900 during the

The U.S. Consumer Price Index rose 0.6% month-over-month in April, matching expectations, with annual inflation reaching 3.8%, the highest level since May 2023. Core CPI increased 0.4% monthly, slightly above forecasts, and 2.8% annually, marking the highest reading since September 2025. Real

On Tuesday (May 12) at New York close, EUR/USD fell 0.32% to 1.1746, while GBP/USD declined 0.49% to 1.3543. USD/CHF rose 0.30% to 0.7803. Among commodity currencies, AUD/USD fell 0.14%, NZD/USD dropped 0.18%, and USD/CAD

On May 12, the ICE U.S. Dollar Index rose 0.33% to 98.275 during New York's closing session, trading within a range of 97.951 to 98.460 points throughout the day. The Bloomberg Dollar Index gained 0.29%, reaching 1192.70, with intraday trading between 1188.72 and 1194.76 points.

Onshore Chinese yuan (CNY) closed at 6.7955 against the U.S. dollar at 03:00 Beijing time on May 12, up 8 pips from the previous night's close. Trading volume reached $42.734 billion.

According to the U.S. Treasury Department, the federal deficit for fiscal 2026 year-to-date stands at $954 billion, compared to $1.049 trillion in the same period of fiscal 2025.

President Trump stated today that U.S. inflation is temporary and oil supply will increase significantly. The remarks reflect the administration's outlook on near-term economic conditions and energy markets.

Marex has launched a new relative value execution desk across New York, London, Dubai and Singapore, targeting hedge funds and banks running complex strategies across cash fixed income and listed futures. The desk operates on a principal basis with Marex acting as a single counterparty to clients, c

According to market data, the Korean won fell 1.49% against the U.S. dollar to close at 1,493.90 won on Tuesday (May 12). The currency experienced sustained losses throughout the day, with particularly sharp declines during the Asia-Pacific morning session before the pace of decline slowed

ECB Governing Council member Nagel said on May 12 that the possibility of the European Central Bank raising interest rates is continuing to rise. The statement reflects evolving monetary policy considerations amid current economic

On Tuesday (May 12), German 10-year Bund yields rose to 3.101%, up 6.1 basis points for the day, extending a four-day rally with cumulative gains of 10.1 basis points. Two-year German yields climbed to 2.713%, rising 6.6 basis points, while 30-year yields advanced 4.8 basis points to

The U.S. 10-year Treasury auction held today (May 12) saw the yield allotment percentage decline to 22%, compared to 38.89% in the prior auction, marking a significant decrease of 16.89 percentage points.

According to ChainCatcher, Bank of America economists abandoned their previous forecast for rate cuts in September and October 2024 on May 8, citing persistent inflation above expectations and solid employment growth. The bank now expects the Federal Reserve's first rate cut in the second half of 20

According to the Russian Central Bank, forex sales in Russia doubled to $29.8 billion in April, driven by rising global oil prices.

On May 12, the U.S. 6-week Treasury bill auction settled at a yield of 3.615%, up from 3.60% at the previous auction.

The U.S. 1-year Treasury yield rose to 3.65% at today's auction on May 12, up from 3.56% at the previous auction, marking a 9 basis point increase.

According to Bloomberg Television, JPMorgan CEO Jamie Dimon warned on Tuesday that resolving "stupid" trade issues between the U.S. and Europe would pave the way for better economic growth. Speaking at JPMorgan's annual global markets conference in Paris, Dimon stated that the goal should be "to

According to Allianz Chief Economist Mohamed El-Erian, UK 10-year gilt yields breached 5.1% on May 12, while 30-year yields reached their highest level since March 1998. Despite the sharp rise in government bond yields, sterling failed to gain support and remained under pressure. El-Erian warned