DXY & Forex

According to CME FedWatch tool data, the Federal Reserve has a 65.3% probability of maintaining interest rates at its July FOMC meeting, with a 34.7% probability of a 25 basis point rate hike. For September, the probability of holding rates steady stands at 22%, while a 25 basis point cumulative in

According to constitutional scholar William J. Watkins Jr. in an interview with Kitco News, the U.S. dollar is backed by governmental coercive power rather than tangible assets as the national debt approaches $40 trillion. Watkins, a research fellow at the Independent Institute, argued that the

US Treasury yields rose for a second consecutive day on the 22nd (US Eastern time) afternoon, with short-term maturities showing relative weakness. The 2-year yield reached 4.3020% at 3pm, up 3.80bp, marking the highest level since February last year. The 10-year yield stood at 4.6570%, up 2.90bp.

Steve Forbes, Chairman and Editor-in-Chief of Forbes Media, characterized gold as essential insurance against currency crises, inflation overreaction, and dollar devaluation, as markets experience a dollar resurgence following gold's late January highs near $5,600 per ounce. Forbes attributed the do

The dollar weakened slightly on July 22 as the U.S. Dollar Index (DXY) dropped 0.03% to 101.13, pausing after reaching a one-week high the previous day. The decline was limited by escalating Middle East tensions and rising oil prices. Tensions between the U.S. and Iran intensified as President

According to Steve Forbes, Chairman and Editor-in-Chief of Forbes Media, gold prices have declined significantly since reaching near $5,600 per ounce in late January, but this reflects a rally in the U.S. dollar rather than a loss of gold's intrinsic value. Forbes stated that the dollar's strength s

According to YNA Infomax data, on July 22 (3 p.m. ET), the U.S. 2-year Treasury yield climbed to 4.3020%, marking its highest level since February 2025, while Fed funds futures reflected a 33.7% probability of a rate hike at next week's FOMC meeting (July 28-29), up from roughly 20% a day earlier. T

According to market data, offshore Chinese yuan (CNH) fell 62 pips to 6.7751 against the U.S. dollar on Wednesday (July 22), New York close. The pair traded within a range of 6.7678–6.7761 during the

On Wednesday (July 22), U.S. equity ETFs posted mixed results. The Russell 2000 index ETF fell 0.93%, while emerging market ETF declined 0.54%. Nasdaq-100, U.S. real estate, U.S. Treasury 20+ year, S&P 500, and dollar-focused ETFs fell

According to Bloomberg data, U.S. 30-year Treasury yields have traded above 5% for 27 trading days year-to-date in 2026, marking the most since 2007, when yields remained above that level for 50 trading days. The sustained elevation represents about 19% of all trading days in 2026.

On Wednesday (July 22), USD/JPY fell 0.02% to 163.14 yen at New York close, with an intraday trading range of 163.22-162.69 yen. The pair dropped sharply to 162.69 (daily low) at 15:30 Beijing time. EUR/JPY rose 0.08%, while GBP/JPY fell 0.05%.

On Wednesday, July 22, the ICE U.S. Dollar Index declined 0.04% to 101.130 in New York late trading, with the daily range spanning 101.198 to 101.020. Meanwhile, the Bloomberg Dollar Index fell 0.01% to 1219.62, trading between 1220.20

The US Treasury auctioned $13 billion of 20-year bonds on the afternoon of the 22nd (local time), with the yield settling at 5.163%, according to the Treasury Department's announcement. The yield rose 23.6 basis points from the previous month's 4.927%, reflecting weak demand inflow. The 20-year bond

On Wednesday, July 22, during New York's closing session, the U.S. 2-year Treasury yield rose 4.27 basis points to 4.3042%, reaching an intraday high of 4.3084% at 22:28 Beijing time. The 10-year Treasury yield climbed 3.45 basis points to 4.6626%, while the 30-year yield advanced 2.20 basis points

According to the U.S. Treasury Department, the 20-year Treasury note auction held on July 22 resulted in a yield of 5.163%, up 23.6 basis points from the previous month's 4.927%. The offering amount was $13 billion. The bid-to-cover ratio fell to 2.64x from 2.75x the prior month, signaling

According to Bloomberg, all 76 surveyed economists expect the Federal Reserve to keep interest rates unchanged in the 3.5%-3.75% range at its July 28-29 meeting.

According to Bloomberg, traders show significant divergence on whether the Federal Reserve will raise rates by 25 basis points next week, with swap markets pricing a 30% probability of a hike and 70% odds of holding rates steady. Such a wide divergence so close to a rate decision is relatively

On Wednesday (July 22), the onshore Chinese yuan (CNY) weakened to 6.7750 per USD as of 3:00 AM Beijing time, down 85 points from Tuesday's close, with trading volume of 36.014 billion USD.

According to U.S. Department of Treasury data, in the latest biweekly report, investment funds purchased $29.103 billion in 10-year Treasury bonds maturing on May 15, 2036, while foreign investors purchased $5.788 billion in the same bonds.

The Federal Reserve's Federal Open Market Committee (FOMC) will hold a press conference on July 29 at 2:30 AM Eastern Time.