DXY & Forex

On Thursday (July 16), the Federal Reserve's overnight reverse repurchase agreement (RRP) facility saw usage of $125 million from one counterparty, down from $151 million on the previous trading day.

Kansas City Federal Reserve President Beth Schmid, a 2028 FOMC voting member, is scheduled to deliver remarks in approximately ten minutes.

On July 16, German 2-year Bund yield climbed 2.5 basis points to 2.772% in late European trading, trading within the day's range of 2.745%-2.791%. The 10-year yield advanced 1.2 basis points to 3.134%, continuing its upward momentum from Asia-Pacific close and hitting fresh daily highs at 20:42

GBP/USD fell 0.50% intraday on July 16, trading at 1.3472.

On Thursday (July 16), UK 10-year gilt yields rose 2.8 basis points to 4.966%, with intraday peaks touching 5.002% before pulling back. The 30-year and 50-year yields climbed 2.9 and 3.0 basis points respectively, while two-year yields gained 2.5 basis points to 4.340%.

According to Freddie Mac, U.S. 30-year fixed mortgage rates averaged 6.55% for the week of July 16, marking the highest level since August 28, 2025. The rate increased from 6.49% in the previous week.

According to Freddie Mac, the average 30-year mortgage rate in the U.S. reached 6.55% last week, the highest level since August 2025, up from the previous week's 6.49%.

According to the Federal Reserve Bank of New York, the Secured Overnight Financing Rate (SOFR) was reported at 3.64% on July 15, up from 3.63% the previous day. The effective federal funds rate remained unchanged at 3.63%.

According to the Bank of Korea, the central bank raised its benchmark interest rate by 25 basis points to 2.75% on July 16. Bank Governor Shin Hyun-sung said the rate hike reflects concerns over financial stability risks and signaled the central bank will continue tightening, though the pace of

The Central Bank of Nigeria (CBN) issued operational guidance dated July 15 to banks and licensed Bureau De Change (BDC) operators, implementing a centralized electronic portal to track every retail foreign exchange transaction. The FX BDC Purchase Tracker (FXBT) will record all foreign currency

According to the Central Bank of Nigeria, on July 15, the apex bank released a new framework requiring licensed Bureau De Change (BDC) operators to submit real-time data on all foreign exchange purchases through a digital portal called the FX BDC Purchase Tracker (FXBT). The system will enable the C

According to Nigeria's central bank governor, the country's net foreign exchange reserves have surged from approximately $30-40 billion in 2023 to over $400 billion.

Christopher Hodge, Head Economist for the U.S. at Natixis, forecasts the Federal Reserve will hold interest rates throughout 2026 as inflation remains the central bank's primary focus under Chair Kevin Warsh. In an interview with Kitco News, Hodge stated the Fed faces uncertainty distinguishing

According to Christopher Hodge, Head Economist at Natixis, the Federal Reserve will hold interest rates steady throughout 2026 as it monitors how external price shocks from tariffs and energy costs bleed into core inflation. Hodge, who previously served as Principal Economist at the New York Fed, no

Russia's central bank gold and foreign exchange reserves reached $72.24 billion as of the week ending July 10, up from $72.17 billion in the prior week.

According to Deutsche Bank analyst George Saravelos on July 16, the U.S. dollar could weaken if the Federal Reserve shifts its focus from rate hikes to quantitative tightening to tighten monetary policy. Saravelos noted that Japan's experience is instructive: despite slow interest rate increases, th

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On a short-term basis, global financial markets showed mixed signals. The U.S. Dollar Index held steady at 100.56 with minimal volatility. Nasdaq 100 Index futures slid 1%, while the U.S. 10-year Treasury yield remained relatively flat at 4.580%. Spot gold edged higher to $4,028.21 per

U.S. retail sales for June came in at 0.5% month-over-month, matching consensus expectations. The prior month's figure was revised upward to 0.8% from the previously reported 0.7%.