DXY & Forex

According to the Philadelphia Federal Reserve, the regional manufacturing activity index jumped 31.1 points to 41.4 on July 16, far exceeding analyst expectations of 13.0 and hitting its highest level since April 2021. Meanwhile, the U.S. Labor Department reported that weekly jobless insurance

According to CME Fed Watch on July 17, the Federal Reserve has an 88.8% probability of holding interest rates unchanged in July and an 11.2% probability of raising rates by 25 basis points. For September, the Fed has a 48.8% probability of maintaining rates, a 46.2% probability of raising rates by

According to Brazil's Foreign Minister Vieira, on July 16, the U.S. tariff of 25% on Brazilian imports lacks any factual basis and is driven by political motives. Vieira stated that the American measures are unacceptable, asserting that the investigation under Section 301 of the 1974 Trade Act is a

Since South Korean government bonds were included in the World Government Bond Index (WGBI) in late March 2026, foreign investors have been making large-scale bond purchases. Cumulative net inflows reached 42 trillion won through mid-July, exceeding market expectations. However, a closer

On Thursday, July 16, offshore yuan (CNH) traded at 6.7732 against the U.S. dollar by New York close (Friday 04:59 Beijing time), down 45 pips from Wednesday's close. The pair ranged between 6.7649 and 6.7755 during the

According to Jeff Schmid, president of the Kansas City Federal Reserve, on July 16 at an economic forum in Nebraska, inflation remains his primary concern as it continues to run hot and above the Fed's 2% target for an extended period. Schmid stated that inflationary pressures have broadened

Dallas Federal Reserve President Lorie Logan stated on the 16th (local time) that she believes 'modestly higher' interest rates would better balance the Federal Open Market Committee's (FOMC) maximum employment and price stability goals. Speaking at an event held at the Dallas Fed's Houston

Dallas Federal Reserve President Lorie Logan on July 16 expressed support for modestly higher interest rates to better align with the Federal Open Market Committee's dual mandate of maximum employment and price stability. Logan, speaking at an event in Houston, stated that high inflation has

Spot gold and silver prices fell sharply Thursday ahead of the North American market open, as firmer Treasury yields, a steadier U.S. dollar and renewed Strait of Hormuz risk outweighed support from this week's softer inflation data. At the time of writing, spot gold was trading near $3,975 an

On Thursday (July 16), ICE U.S. Dollar Index rose 0.29% to 100.780 in New York's close. The Bloomberg U.S. Dollar Index also gained 0.20% to 1216.57. The U.S. dollar appreciated 0.14% against the Japanese yen to 162.42.

On Thursday, July 16, U.S. Treasury yields rose broadly, with the 10-year yield climbing 1.81 basis points to 4.5654%, reversing two consecutive days of losses following CPI and PPI data. The 2-year yield increased 1.89 basis points to 4.1535%, while the 30-year yield rose 1.45 basis points to 5.093

On July 16, the onshore Chinese yuan (CNY) weakened to 6.7711 against the U.S. dollar during early Beijing trading, down 14 pips from Wednesday night close. Trading volume reached 45.22 billion USD.

Federal Reserve official Logan indicated that the bank regulatory liquidity system could be further optimized, potentially allowing for a smaller Federal Reserve balance sheet. The comment reflects ongoing discussions within the Fed regarding the efficiency of current liquidity management

According to Jin10, Federal Reserve official Logan stated on July 17 that the Fed should raise rates to combat elevated inflation. Logan indicated she may oppose a decision to hold rates unchanged later this month. She

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.