DXY & Forex

Australia's National Australia Bank (NAB) revised its monetary policy outlook on June 9, no longer forecasting a 25 basis point rate hike from the Reserve Bank of Australia in August. The bank expects the next move in the official cash rate will be a cut, though timing remains uncertain. NAB now

According to Morgan Stanley MUFG Securities, the Bank of Japan is expected to raise its policy rate by 25 basis points to 1.00% at its June meeting, the institution's economists and strategists said in a report on June 9. Overnight index swap markets have already largely priced in expectations for t

According to Jin10, Macquarie analysts said on June 9 that Australia's central bank will hold its cash rate steady next week while signaling a hawkish tone, reinforcing market expectations for a rate hike in August. The analysts found no indication in recent RBA communications of any consideration t

China's exports grew 19.4% year-over-year in May (in U.S. dollar terms), up from 14.1% growth recorded in the previous month, according to official trade data.

China's trade surplus for May reached 723.98 billion yuan (approximately $99.3 billion), up from 585.69 billion yuan in April.

Real Vision Chief Crypto Analyst Jamie Coutts said Bitcoin is approaching attractive long-term technical levels, but a major US Treasury refinancing challenge may constrain the next bullish cycle. In a post on X, Coutts stated Bitcoin's structure resembles patterns that can precede cycle bottoms,

According to Real Vision Chief Crypto Analyst Jamie Coutts, Bitcoin's long-term technical backdrop is approaching attractive accumulation levels, with Q2-Q3 2026 potentially marking a bear-market bottom. However, a major macroeconomic headwind may delay sustained bullish momentum: the U.S.

BitMEX co-founder Arthur Hayes published a “Reality Test” blog post on June 9, confirming that the Maelstrom Fund has fully exited HYPE, NEAR, WLD, and ZEC, while continuing to hold Bitcoin and Ethereum. He also said he will set up long positions in energy stocks that are listed in the United States and short positions in AI stocks. Hayes warned in the piece that an AI bubble will hit the crypto market. Hayes’s Three AI Bubble Triggers: Confirmed Argument Points Based on the publicly available c

According to Jin10, China's central bank conducted 153 billion yuan in 7-day reverse repurchase operations today (June 9), with 200 million yuan maturing, achieving a net injection of 152.8 billion yuan into the money

On June 9, the interbank foreign exchange market published updated renminbi midpoint rates. The USD/CNY fell 51 basis points to 6.8147, reflecting yuan appreciation. The EUR/CNY declined 76 points to 7.8400; GBP/CNY dropped 142 points to 9.0670; AUD/CNY fell 108 points to 4.7863; CAD/CNY

According to Jin10, China's Ministry of Finance will issue 15 billion yuan of renminbi-denominated government bonds in Hong Kong on June 16, 2026. Detailed issuance arrangements will be published on the Central Moneymarkets Unit (CMU) system operated by the Hong Kong Monetary

According to Wuyue Futures, U.S. Treasury yields and the dollar index rose today (June 9) amid Middle East tensions and strong non-farm employment data, further compressing upside space for precious metals prices. Oil prices remained elevated, and market expectations for Federal Reserve rate hikes s

Japan's M3 money supply expanded 1.7% year-over-year in May, up from 1.60% in the previous month.

Japan's broad money liquidity rose to 4.7 percent year-on-year in May, according to official statistics, up from the previous month's 2.8 percent, marking an increase of 1.9 percentage points.

Japan's money supply M2 increased 2.5% year-over-year in May, accelerating from 2.3% in April, according to the latest official data.

According to Jin10 data on June 9, CME's "Fed Watch" tool shows the Federal Reserve has a 98.1% probability of maintaining interest rates unchanged in June, with a 1.9% probability of cumulative rate cuts of 25 basis points. For July, the Fed has an 84.7% probability of maintaining rates, a 13.6% p

The U.S. dollar weakened on Monday (June 8), with the Dollar Index (DXY) falling 0.1% to 100.00, as rising risk appetite offset safe-haven demand. The easing of Middle East tensions after Iran and Israel ceased mutual attacks following U.S. President Trump's call for de-escalation buoyed market

Hedge funds including Fivestar Asset Management and Palinuro Capital are holding yen short positions ahead of the Bank of Japan's June policy meeting, betting the central bank's expected 25 basis point rate hike will fail to reverse yen depreciation. Market participants have largely priced in the ra

On June 8, U.S. 30-year Treasury yield rose 3.85 basis points to 5.0353%, hitting an intraday high. The 10-year Treasury yield also climbed 2.79 basis points to 4.5582% but later fell to a daily low of 4.5145%, showing significant intraday volatility. The 2/10-year yield spread widened to 40.069 bas

According to Jin10, the U.S. dollar index fell 0.03% to close at 100.042 on June 8. At the close of the New York forex market, the euro strengthened to 1.1528 against the dollar from 1.1523 a day earlier, while sterling rose to 1.3339 from 1.3337. The yen climbed to 160.26 against the dollar from 16