DXY & Forex

According to Barclays, eurozone interest rates remain trapped in an endless cycle of hope and fear, with German 10-year yields hitting 3.15% on July 31, the weakest level in over two decades for the month. The bank's rates strategists noted that front-end rates and global factors continue to

According to the Bank of Japan, on July 31, the central bank held its benchmark interest rate at 1.0% after a two-day monetary policy meeting, as markets expected. Eight board members voted in favor, while one member, Takata Hajime, dissented, arguing the BOJ should raise the rate to 1.25% to

US stocks rallied today as Microsoft surged over 15% after earnings — the largest single-day gain since 2008. The Philadelphia Semiconductor Index jumped 8% amid renewed AI investment sentiment, and after market close Amazon announced AWS annual revenue could reach $1 trillion while raising

According to CIBC Capital and Nikkei, the Japanese yen strengthened sharply today (July 31), with the USD/JPY exchange rate falling from 163 to around 157.5—the largest single-day gain since late 2022—as analysts suspect Japanese authorities intervened in the market. The yen had weakened to a

According to the Swiss National Bank, the SNB posted a net profit of CHF 25.2 billion in the first half of 2026, driven by foreign exchange gains of CHF 31.7 billion and Swiss franc position gains of CHF 100 million. Gold holdings recorded a valuation loss of CHF 6.4 billion during the

According to Yonhapinfomax, the Korean won strengthened against the U.S. dollar on July 31, trading at 1,432.80 won (up 4.60 won from the previous Seoul close of 1,437.40 won) as of 11:17 a.m. KST. The recovery followed intervention by Japanese

According to Yonhap Infomax, South Korea's government bond yields declined across all maturities on July 31 morning. The 3-year benchmark rate fell 5.2 basis points to 3.775%, the 10-year rate dropped 6.6bp to 4.245%, and the 30-year rate declined 5.7bp to 4.475%. The decline was driven by the gover

The Federal Reserve under Chair Kevin Warsh has discontinued forward guidance and Warsh himself has refused to submit his own dot plot projections, marking a significant retreat from the transparency practices established after the 2008 financial crisis. Warsh stated at a recent congressional

Jeffrey Gundlach, CEO of DoubleLine Capital, forecasts US long-term interest rates could rise to the mid-5% range by the September Federal Open Market Committee (FOMC) meeting. He provided this outlook in an interview with CNBC on the 30th (local time), following the Federal Reserve's decision to

According to Capitec Economics, as reported by Jin10, the firm has cancelled its forecast for a further rate hike from the Reserve Bank of Australia (RBA) in August, citing this week's second-quarter CPI data as sufficiently moderate to convince the RBA that policy is already sufficiently

According to Jeffrey Gundlach, CEO of DoubleLine Capital, in a CNBC interview on July 30, U.S. long-term yields could rise to the mid-5% range before the September Federal Open Market Committee meeting. The Federal Reserve kept the federal funds rate target at 3.50%-3.75% on July 30, though three

According to Masato Koike, senior economist at Sompo Institute Plus, the Bank of Japan's statement on July 31 showed a hawkish tone, particularly regarding inflation and the 2% target. The central bank's language indicated inflation is "approaching 2%" and emphasized the importance of confirming sta

According to Jin10 data, CNH HIBOR rates showed mixed movements on Friday, July 31. Overnight HIBOR declined 16 basis points to 1.13667%, marking its lowest level since June 1. The one-week rate dropped to 1.40000%, while the two-week period fell to 1.41894%, the lowest since June 8. The one-year ra

According to Guru Club, on July 31, overnight SHIBOR rose to 1.4100%, up 1.0 basis points, while 7-day SHIBOR fell to 1.4530%, down 0.2 basis points. The 3-month SHIBOR remained unchanged at 1.4300%.

According to its latest policy statement, Japan's central bank said it will closely monitor developments in foreign exchange, the Middle East geopolitical situation, and global artificial intelligence demand to determine the timing of its next interest rate increase. The BoJ noted that price

The Bank of Japan revised its core-core CPI (Core Consumer Price Index excluding fresh food and energy) forecast on July 31. For fiscal years 2026-2028, the new median expectations are 2.5%, 2.6%, and 2.2%, respectively. Compared to the April projection, the 2026 forecast was lowered from 2.6%,

The Bank of Japan revised its core inflation forecast lower in its latest statement. The central bank now expects core CPI to reach 2.5%, 2.4%, and 2.0% for fiscal years 2026, 2027, and 2028 respectively, down from its April predictions of 2.8%, 2.3%, and 2.0%.

According to the Bank of Japan, import prices have seen a significant year-over-year increase in recent weeks, driven by yen depreciation and sustained elevated commodity prices, particularly crude oil. The central bank attributed the acceleration in import price inflation to weakness in the

The Bank of Japan raised its real GDP growth forecasts for fiscal years 2026, 2027, and 2028 to 0.6%, 0.8%, and 0.8%, respectively, on July 31, according to the central bank. The updated projections represent increases from its April forecasts of 0.5%, 0.7%, and 0.8%.