DXY & Forex

Canada's employment declined by 17,700 in April, according to data from Statistics Canada, falling short of the forecast of 15,000 new jobs. The previous month saw employment gains of 14,100. The miss marks a shift from recent hiring trends and may influence expectations for central bank policy

Canada's full-time employment declined by 46,700 in April, according to labor force data, compared to a loss of 1,100 in the previous month.

Canada's employment participation rate reached 65% in April, exceeding the consensus forecast of 64.9% and rising from 64.90% in the prior month.

According to CME FedWatch, the Federal Reserve has a 96.9% probability of maintaining interest rates unchanged in June and a 3.1% probability of cutting rates by 25 basis points. For July, the probability of holding rates steady stands at 90.7%, with a 9.1% chance of a cumulative 25 basis point

U.S. seasonally adjusted nonfarm payrolls, unemployment rate, and average hourly earnings data for April are set to be released in 10 minutes, along with Canada's April employment figures.

Bank of England Governor Andrew Bailey is set to deliver remarks on global imbalances in approximately 10 minutes.

According to Ebury strategist Matthew Ryan, the UK gilt and pound markets have reacted calmly to Labour's local election losses on May 8, as the outcome was already priced in by markets. However, he warned that increased bets on leadership changes could shift sentiment rapidly. Potential policy

According to analysis of Bank of Japan account data, Japanese authorities may have skipped forex intervention on Thursday (May 8), the first business day of the week, following multiple interventions during the holiday period. The BOJ's current account data released Friday showed minimal

According to BlockBeats, Federal Reserve Governor Milan said on May 8 that interest rate cuts are appropriate, citing that Fed policy has suppressed the job market.

According to BlueBay Chief Investment Officer Mark Dowding on May 8, the asset manager expects the Federal Reserve to maintain its policy stance throughout 2026. As inflation begins to decline in 2027, BlueBay is increasingly confident that the next move in U.S. interest rates will be a cut rather t

According to Golden Ten Data, on May 8, UK Prime Minister Keir Starmer confirmed he will continue leading the Labour Party despite electoral losses, triggering a rebound in British government bonds and sterling. The 30-year gilt yield fell 8 basis points to 5.55%, while GBP/USD rose 0.5% to 1.3614.

Gate News: According to the latest Gate TradFi data, USDNOK (USD/NOK) has dropped by 1% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

According to News Tomato, on May 7, the U.S. is advancing stablecoin institutionalization to maintain Treasury bond demand and dollar dominance in future payment markets. As China reduces Treasury purchases amid U.S.-China tensions, stablecoin issuers serve as major buyers to sustain demand. The

UK 30-year government bond yields fell 7 basis points to 5.562% today (May 8).

NZD/USD intraday gains expanded to 0.50%, trading at 0.5967.

Sterling against the U.S. dollar (GBP/USD) rose 0.50% intraday today, trading at 1.3620.

According to ChainCatcher citing Gate trading data, the U.S. Dollar Index (DXY) fell to 98 today, down 0.27% intraday.

Onshore yuan closed at 6.8017 against the U.S. dollar on May 8 at 16:30 CST, declining 2 points from the previous trading day.

According to Jin Shi, seven large forex options positions with strike prices exceeding 1 billion are set to expire on May 8 at 22:00 Beijing time. The expiring contracts involve euro, Swiss franc, British pound, and Japanese

According to the Bank of Japan, BOJ Governor Kazuo Ueda will visit Switzerland from May 9 to 13 to attend the Bank for International Settlements conference.