DXY & Forex

ECB Governing Council member Demarco indicated on May 22 that the European Central Bank may need to raise interest rates in June. Demarco emphasized that the ECB must clearly demonstrate its commitment to maintaining the inflation target at 2% to preserve its

The onshore Chinese yuan closed at 6.7947 against the U.S. dollar on May 22 at 4:30 p.m., up 13 basis points from the previous trading day.

Jerome Powell's successor Waller was sworn in as Federal Reserve Chair today (May 22). Separately, the People's Bank of China will issue yuan-denominated central bank bills through the Hong Kong Monetary Authority's Bond Settlement System, according to official announcements. Additionally, Federal R

According to Jin10 Futures, the CFETS-NEX RMB funding sentiment index reported 49 at 4 PM on May 22, down 1 point from 2:30 PM. Large banks, mid-sized banks, and non-bank institutions recorded readings of 47, 50, and 48 respectively, each declining 1 point.

According to JPMorgan Chase, Turkey's central bank is expected to raise its one-week repo rate from the current 37% to 40% at its June 11 meeting, or possibly earlier.

According to Caixin Macro Economics, the Bank of Japan is expected to raise its policy rate to a terminal level of 2% by the end of 2027, with policy tightening occurring roughly every four months. The forecast is supported by recent economic data indicating Japan's economy has sufficient

According to Jin10, on Friday, May 22, South Korea's finance ministry and central bank warned they would take "decisive action if necessary" to address excessive fluctuations in the Korean won. In a joint message to reporters, officials stated the won's recent weakness was "excessive relative to

According to Jin10, foreign exchange options including the euro (EUR), Canadian dollar (CAD), and Japanese yen (JPY) are set to expire at 22:00 Beijing time on May 22. A total of 12 strike prices with notional values exceeding $1 billion each are approaching

On May 22, 2026, the U.S.-Iran situation once again became a core variable driving global financial markets. Iranian media earlier claimed that the final draft of a U.S.-Iran agreement had been reached and would be published within a few hours, but this was immediately rebutted by Al Jazeera, which said the report was “fabricated.” U.S. Secretary of State Rubio later clarified that while the negotiations had made progress, there was no guarantee of a final deal, and he did not want to appear ove

According to Japan's Ministry of Health, Labour and Welfare, Japan's real wages fell 0.5% in fiscal year 2025 (April 2025-March 2026), marking the fourth consecutive fiscal year of decline. The real wage index stood at 98.2, down from the previous fiscal year. Consumer prices, excluding

Key economic data from Germany and the UK are due for release momentarily. Germany will report first-quarter unadjusted GDP on an annualized basis (final), along with June's Gfk consumer confidence index. The UK will simultaneously release April's seasonally adjusted retail sales month-on-month

According to sources familiar with India's central bank thinking, on May 22, the Reserve Bank of India rejected interest rate hikes as the optimal tool to defend the rupee, instead prioritizing inflation control as the core basis for monetary policy decisions. The RBI has unutilized policy tools

According to traders, India's central bank may sell dollars to support the rupee. The Indian rupee broke through 96 against the US dollar today, with intraday gains exceeding 0.2%.

The U.S. Dollar Index is trading at 99.25 today, up 0.04% intraday.

According to Jin10, Nomura Securities predicts the Federal Reserve will maintain interest rates unchanged throughout 2026. The brokerage previously forecasted the Fed would cut rates once each in September and December of this

According to Jin10, offshore Chinese yuan interbank offered rates (CNH HIBOR) rose for most tenors on Friday, May 22. The one-year HIBOR climbed to 1.70364%, marking its highest level since May 8. Overnight HIBOR fell 2 basis points to 1.33939%, while one-week and two-week rates remained flat at 1.4

According to a Reuters survey, 28 of 29 economists expect the Reserve Bank of New Zealand to hold the official cash rate (OCR) at 2.25% on May 27. For year-end, the median OCR forecast among economists has risen to 2.75%, up from 2.50% in April's survey. Additionally, 14 of 27 economists forecast th

Overnight SHIBOR rose to 1.3240%, up 3.6 basis points on May 22. Seven-day SHIBOR increased to 1.3650%, up 3.4 basis points, while three-month SHIBOR fell to 1.4050%, down 0.15 basis points.