DXY & Forex

According to Nick Timiraos, Treasury Secretary Bessent's policy reaction function has shifted away from dovish stance as of Aug 4. Timiraos, often dubbed the 'Fed's mouthpiece,' noted that Bessent's recent comments suggest the Federal Reserve should maintain interest rates unchanged. Earlier this

According to the U.S. Commerce Department, the June trade deficit narrowed 5.6% to $73.3 billion, with imports declining 1.8% to $388 billion for the first time this year, while exports fell 0.9% to $314.7 billion, according to data released on Tuesday,

According to Yonhapinfomax data, the U.S. 10-year Treasury yield fell 4.60 basis points to 4.638% on August 4 as of 9:31 a.m. ET. The 2-year yield declined 5.70bp to 4.199%, while the 30-year yield dropped 3.20bp to 5.199%. The yield curve steepened, with the 10-year to 2-year spread widening to 43.

According to Yonhapinfomax, the USD/KRW closed at 1,426.80 won on August 4, down 3.00 won from the previous day, amid U.S. Treasury Secretary Scott Bessent's remarks on currency volatility. Bessent stated that if the yen weakens, other currencies may follow, and noted that "excessive volatility

On Tuesday, August 4, UK gilt yields declined across the curve during late European trading. The 2-year gilt yield fell 7.4 basis points to a daily low of 4.232%, while the 10-year yield dropped 5.9 basis points to 4.893%.

According to Jin10, China's central bank announced it will conduct 500 billion yuan worth of outright reverse repo operations on August 5, with a 3-month maturity. Meanwhile, data from Japan's central bank indicated that it likely did not intervene in the foreign exchange market on Monday. U.S.

According to Jin10, market pricing no longer reflects expectations for a 25 basis point rate hike from the Bank of England this year. Traders have shifted their positioning away from this scenario.

According to BlockBeats, on August 4, traders no longer expect the Bank of England to hike rates by 25 basis points for the remainder of the year.

Gate News: According to the latest Gate TradFi data, USDCOP (US Dollar vs Colombia Peso) has surged by 1% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

The U.S. 1-year Treasury auction yield reached 3.88% on August 4, up 2 basis points from the previous auction's 3.86%.

Today, the U.S. 1-year Treasury auction saw its acceptance rate configuration percentage decline to 12.98%, down from 17.61% in the prior auction, according to Treasury Department data.

According to the U.S. Treasury Department, the 6-week bill auction today (August 4) drew a high yield of 3.640% with a bid-to-cover ratio of 2.93. The 52-week bill auction yielded 3.880% with a bid-to-cover ratio of 3.62.

According to CNBC on August 4, U.S. Treasury Secretary Scott Bessent warned that a weaker yen will cause other currencies to follow suit, citing excessive volatility observed in the Korean won. Bessent said the U.S. will take all necessary measures to support yen stability, emphasizing that a

Wells Fargo announced plans to launch a tokenized deposit service on its blockchain platform next year to handle corporate customer fund transfers. The service will initially focus on cross-border payments between the U.S. dollar and British pound, with plans to expand to additional customers,

According to the New York Federal Reserve, SOFR stood at 3.65% on August 3, down 1 basis point from the previous trading day's 3.66%. The effective federal funds rate remained unchanged at 3.63%.

According to China Futures Monitoring Center, equity held by offshore traders in China's futures market hit a record high recently, surging approximately 60% from the end of 2025. The market currently offers 37 specific futures contracts to international participants, while qualified foreign

US Treasury Secretary Scott Bessent explained on Tuesday why the United States bought Japanese yen in coordination with Japan. Japan's Finance Minister Satsuki Katayama confirmed on Monday that Tokyo bought yen "in coordination with the U.S. Department of the Treasury" on Friday. The intervention

According to Treasury Secretary Scott Bessent, the U.S. and Japan coordinated purchases of Japanese yen on Friday to prevent excessive currency weakness. Bessent told CNBC on Tuesday the move aimed to stabilize the yen, which had weakened to its lowest level since 1986. Japan's Finance Minister

According to Odaily, Federal Reserve Chair Powell said recently that the central bank cannot currently provide interest rate guidance but remains open to forward-looking approaches. He noted forward guidance is appropriate when rates are at zero, expressed hope for further progress on core

According to Guru Club on August 4, Morgan Asset Management recommended reducing or avoiding exposure to Japanese government bonds relative to global bond benchmarks. Myles Bradshaw, head of the firm's business operations, stated that the Bank of Japan is moving too slowly on policy normalization an