DXY & Forex

ECB President Christine Lagarde stated today that conditions have remained relatively stable since the June monetary policy decision.

According to Jin10, U.S. Treasury yields reached year-to-date highs today (July 23). The 2-year yield rose approximately 4 basis points to 4.34%, marking the highest level since early 2025, while 10-year yields also surged to year-to-date peaks. Market participants increasingly expect the Federal

The South African Reserve Bank raised its core CPI forecast for 2026 to 3.8 percent from 3.7 percent, according to its latest official statement. The 2027 core CPI forecast was held unchanged at 3.7 percent.

South Africa's central bank forecasts oil prices will reach $100 per barrel in 2026 under an updated negative scenario, with inflation expected to remain above its target throughout the year. The central bank stated that it needs to implement additional interest rate increases this year to address p

On July 23, U.S. 10-year Treasury yield surged to 4.707%, hitting its highest level since January 2025, driven by geopolitical tensions in the Middle East and a stronger-than-expected labor market. Brent crude futures jumped 5% to nearly $99 per barrel following reports of a tanker attack off

According to Odaily, Nick Timiraos (the Wall Street Journal's Federal Reserve reporter) wrote on July 23 that the Federal Reserve's July policy meeting will be the most difficult to predict in recent years. Rising oil prices, escalating U.S. tariff policy risks, and some officials' shift toward

According to Jin10, Morgan Stanley expects the European Central Bank to raise rates in September following the central bank's rate hold on Thursday. The ECB reiterated it remains well-positioned to address energy price shocks. Morgan Stanley analysts indicated that if energy prices remain

Spot gold and silver posted gains in late-afternoon U.S. trading Wednesday, with gold trading near $4,136.60 an ounce, up 1.47%, and silver near $59.72, up 1.80%. Technical buying and defensive demand lifted metals despite higher crude oil prices, firmer Treasury yields, and a choppy U.S. equity

According to Jin10, Ed Hutchings, head of developed market rates at Aviva Investors London, on July 23 signaled that market expectations for further European Central Bank rate hikes may have gone too far. While Hutchings noted that the ECB's current priority of addressing inflation makes continued r

ECB President Christine Lagarde is set to hold a monetary policy press conference later today (July 23).

According to Jin10, Zhejiang's local rate-setting mechanism issued a notice on July 22 instructing city commercial banks and rural commercial banks to cut deposit rate ceilings by 5 basis points across two-year, three-year, and five-year tenors. The adjustment took effect on July 22. Dong Xmiao,

Canada's retail sales grew 1% month-on-month in May, matching expectations and improving from the prior month's 0.5% gain.

The European Central Bank's marginal lending rate remained unchanged at 2.65% on July 23, matching both market expectations and the prior rate.

The European Central Bank maintained its deposit facility rate at 2.25% on July 23, in line with expectations. The rate remained unchanged from the previous level.

The European Central Bank's main refinancing rate remained at 2.4% on July 23, in line with both market expectations and the previous rate of 2.4%.

According to Guru Club, USD/JPY hit 163.64 on July 23, marking a 40-year high. The pair was up 0.3% at the latest reading.

According to Guru Club, GBP/USD fell 0.3% to 1.3340 on July 23, marking its lowest level since July 8.

According to Jin10 Futures, in recent trading, the U.S. dollar, gold, and crude oil have risen simultaneously, defying traditional economic correlations where dollar strength typically pressures commodity

According to UBS investment banking economists on July 23, UK inflation is expected to accelerate after slowing in June, potentially peaking at 3.3% in November. The economists project that utility bills will rise in July, pushing year-over-year headline inflation from June's 2.6% to

According to UBS investment banking economists, the probability of Bank of England rate hikes in coming months has declined, as sluggish economic growth and a weak labor market reduce the necessity for further tightening, according to Jin10 on July 23. However, the economists noted that rising oil p