DXY & Forex

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

According to U.S. Commerce Department data released August 4, the U.S. goods and services trade deficit narrowed 5.6% month-over-month in June to $73.3 billion. Imports declined 1.8% in June, marking the first decrease since the start of the year, while exports fell 0.9%. The import decline

According to Jin10, Federal Reserve Chair Powell said on August 4 that the Fed currently cannot provide interest rate guidance but remains open-minded. The chair added that forward guidance is appropriate when rates are at zero and expressed hope to see more progress on underlying

Canada's June trade balance reached CAD $3.86 billion, exceeding the CAD $3 billion forecast but declining from CAD $4.24 billion in May.

The U.S. trade deficit in June widened to $73.3 billion, exceeding the forecast of $73.0 billion but showing improvement from May's $77.6 billion deficit.

The U.S. June trade balance data is scheduled to be released in approximately 10 minutes.

According to Jin10, Federal Reserve Chair Jerome Powell stated that data indicates the Federal Reserve's policy is "moderately restrictive."

According to CNBC, on August 4, U.S. Treasury Secretary Bessent stated that stabilizing the yen is critical and expressed optimism regarding Japan's policy approach. Bessent, who maintains a strong working relationship with Japanese Finance Minister Katayama, noted that the U.S. and Japan are workin

According to BlockBeats, on August 4, U.S. Treasury Secretary Bessent stated that underlying inflation data remains very moderate and core inflation is slowing. He emphasized the Federal Reserve should focus on the next 9, 12, and 18 months ahead. Bessent also noted that the K-shaped economic

According to Jin10, U.S. Treasury Secretary Bessent remarked today that interest rates are rising while artificial intelligence capital expenditure has not slowed down.

According to Wintermute's weekly market report, the Federal Reserve maintained interest rates at 3.50%-3.75% this week in a 9-3 vote, with three officials—Hammack, Kashkari, and Logan—voting in support of a 25bp rate hike. This marks the second dissenting vote since Fed Chair Warsh took office.

According to CNBC, on August 4, U.S. Treasury Secretary Bessent stated that the United States may reach an agreement with Iran tomorrow to open the Strait of Hormuz. Bessent made the remark during comments on currency and monetary policy

According to Jin10, U.S. Treasury Secretary Bessent on August 4 responded to writing 'buy yen' in his notepad, stating the purpose was to ensure reporters could see it and noting Korean won volatility. Bessent expressed optimism toward Japan's policy path, noting that intervention can signal

U.S. Treasury Secretary Bessent recently assured European counterparts that a shift from euro to yen in the country's reserve assets is a routine reallocation, according to official statements. The move aims to rebalance the composition of foreign exchange reserves held by the Federal

According to BlackRock Investment Institute on August 4, the firm warned that U.S. long-term Treasury yields will continue rising even if the Federal Reserve holds interest rates steady. Wei Li, BlackRock's chief investment strategist, stated that policy uncertainty during Fed Chair Waller's

Federal Reserve Chair Kevin Warsh announced a strategy to reveal less about the Fed's reaction function at a press conference last week. The reaction function describes how the central bank connects economic data and news to policy decisions. Warsh wants financial markets to evaluate the economy

MEX Exchange, the institutional electronic trading platform developed by MultiBank Group, appointed Vibhanshu Bahuguna as Senior Director to expand the company's institutional foreign exchange business. The appointment adds another experienced executive to a leadership team assembled to push MultiBa