DXY & Forex

Gate News message, April 23 — The Bangko Sentral ng Pilipinas (BSP), the Philippines' central bank, raised its policy rate to 4.5% on April 23, marking the first rate hike in two years amid escalating Middle East tensions that have driven up domestic fuel and food prices. Inflation in the Philippin

Gate News message, April 23 — According to Andrew Batchelor, head of LCH ForexClear, the Chinese yuan is expected to surpass the Japanese yen as the second most actively traded currency against the U.S. dollar in foreign exchange options markets. Batchelor stated that when the Bank for

Gate News: According to the latest Gate TradFi data, USDIDR (US Dollar vs Indonesian Rupiah) has surged by 0.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Trump floated a US-UAE currency swap to help UAE amid potential Iran-related stress; UAE informal request to exchange dirhams for dollars; UAE and US emphasize strong ties; swap line would ease dollar shortages, with Fed as lender. Abstract: President Trump indicated the United States may offer a currency swap with the UAE to shore up its Gulf ally if Iran-related economic strain emerges. The UAE privately requested dollar liquidity; a Fed swap line would exchange dirhams for dollars and back under agreed terms, reinforcing a long-standing US-UAE partnership.

SWIFT data indicate the US dollar accounted for a record 51.1% of international transactions in March, up from 49.2% in February and the highest level since 2023. The euro was around 21%, with sterling and yen behind, and the dollar's rise aligned with tensions in the Middle East. SWIFT data show the US dollar share of international transactions rose to 51.1% in March from 49.2% in February, a peak since 2023, with the euro around 21% and sterling and yen trailing.

Gate News message, April 23 — Gold prices fell to $4,731.95 per ounce with a daily decline of 0.18%, while silver dropped to $77.585 per ounce, down 0.13% intraday. Bitcoin volatility index (BVIX) stood at 43.64, declining 1.80%, and Ethereum volatility index (EVIX) reached 63.90, down 5.19%. In

Gate News message, April 23 — Bank of America economists and strategists have adjusted their forecast for the Bank of Japan's next interest rate hike, now expecting the central bank to tighten monetary policy in June rather than April, citing Middle East tensions as a key factor affecting the

Hassett says the Fed could cut rates while shrinking its balance sheet. Gate News, April 22, quotes Hassett, director of the White House National Economic Council, who envisions the Federal Reserve cutting interest rates while reducing its balance sheet.

Gate News message, April 22 — According to Gate's market data, the euro-to-dollar exchange rate (EUR/USD) fell to 1.1715, marking the lowest level since April 13.

Gate News message, April 22 — The U.S. dollar index has fallen approximately 2.3% from its March peak, marking its worst monthly performance since August 2025, as easing Middle East tensions reduce safe-haven demand and expectations for Federal Reserve rate cuts intensify. Major financial

Gate News message, April 22 — Turkey's Central Bank held its policy rate, the one-week repo rate, steady at 37% on April 22. The overnight lending rate remained unchanged at 40%.

Reuters survey finds 71 of 103 economists expect the Fed to cut rates at least once this year, signaling market bets on easing amid ongoing economic conditions. Abstract: A Reuters poll of economists shows widespread expectation of at least one Federal Reserve rate cut this year, reflecting market pricing of potential monetary loosening amid persistent economic conditions.

Trump admin halts dollar shipments and security cooperation with Iraq to pressure disbanding Iran-backed militias, WSJ reports. Abstract: The Trump administration interrupted dollar shipments to Iraq and paused security cooperation to push Iraq to disband Iran-backed militias, according to Wall Street Journal sources.

CNBC reported that Trump publicly said he would help if needed, considering establishing a currency swap channel with the UAE, marking the White House’s first public response on the issue. The UAE central bank governor visited the U.S. last week to raise the possibility, but the actual decision still rests with the U.S. Federal Reserve. Fighting in the Strait of Hormuz disrupts dollar liquidity; if it goes ahead, it would broaden the impact of dollar diplomacy and on crypto, stablecoins, and global inflation/exchange rates.

Abstract: ClearBank has partnered with Singapore-based cross-border payments firm Tazapay to grant access to UK and European payment rails, marking ClearBank’s first Singapore client and its fifth Asia partnership this year. The collaboration integrates Tazapay’s stablecoin-funded payouts with regulated rails to help Asia-based fintechs enter UK/Europe more efficiently. Summary: ClearBank partners with Tazapay to give UK/European rails to a Singapore-based cross-border payments firm, expanding Asia ties while enabling stablecoin-funded payouts through regulated rails for Asia-based fintechs.

Gate News message, April 22 — South Korea's central bank has entered a new monetary phase with newly appointed governor Shin Hyun-song placing central bank digital currencies (CBDCs) at the forefront of the country's financial system. In his inaugural address, Shin positioned CBDCs and bank-issued d

Gate News: According to the latest Gate TradFi data, USDCLP (US Dollar vs Chile Peso) has dropped by 1% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Gate News message, April 22 — Indonesia's central bank maintained its benchmark interest rate at 4.75% on April 22, marking the seventh consecutive meeting without a change and aligning with market expectations. Central Bank Governor Perry Warjiyo stated that the bank has intensified foreign

Gate News message, April 22 — The UK Office for National Statistics released March consumer price index (CPI) data showing a month-on-month increase of 0.7% and a year-on-year increase of 3.3%.

Iran's envoy says talks can start once Washington ends its naval blockade and ceases ceasefire violations; signals of a possible lift, with markets moving as metals rise and the dollar and oil fall. Abstract: The piece reports that Iran's UN envoy is ready to negotiate immediately if the U.S. ends its blockade and ceases ceasefire violations, citing Tasnim News Agency; it notes signals of a possible lift and related market reactions.