DXY & Forex

US producer prices increased by the most in 4-1/2 years in September amid rising costs for goods and services in US Stock Market News, marking the biggest rise in American inflation since COVID and fueling the US Fed rate-hike buzz ahead of the US Fed meeting at the end of this month. The inflation

Onshore yuan closed at 6.6868 against the US dollar on October 16 at 4:30 PM, appreciating 48 basis points from the previous trading day.

David Zervos, advisor to US Treasury Secretary Scott Bessent, criticized the International Monetary Fund's forecasting track record on October 15 (local time) in an email statement to CNBC, telling observers to remember how inaccurate IMF projections have been. The statement responded to IMF

According to CNBC on October 15, U.S. Treasury advisor Jarboe disputed the International Monetary Fund's criticism of American fiscal policy. IMF Managing Director Kristalina Georgieva warned that strong economic growth alone would be insufficient to place U.S. federal debt—which has exceeded $40 tr

Federal Reserve Chair Kevin Warsh, speaking at the International Monetary Fund annual meeting today (Oct 16), refrained from signaling any hawkish stance on monetary policy. Traders immediately cut October rate hike odds from roughly 27-33% to below 15%. Derek Tang, economist at Monetary Policy

According to Yonhap News, on October 16, South Korea's finance minister and central bank governor held a joint meeting with Federal Reserve and U.S. Treasury officials. Participants discussed recent economic conditions and economic and financial cooperation between the two

According to Bloomberg, Samruk-Kazyna JSC, Kazakhstan's sovereign wealth fund, is considering issuing Panda or Dim Sum bonds to raise approximately $1 billion equivalent in Chinese yuan next year, said Aidar Ryskulov, the fund's managing director of economics and finance. The final decision will

Morgan Stanley forecasts the Bank of Korea will hold its base rate at 3.00% at the October 22 Monetary Policy Committee meeting. Kathleen Oh, Morgan Stanley economist, stated in a report published on October 16 that recent rate hikes in July and August provided time to address inflation, which

According to Morgan Stanley economist Cathleen O, the Bank of Korea is expected to maintain its base rate at 3.00% at the monetary policy committee meeting on October 22. The central bank will pause to assess the impact of two consecutive rate hikes in July and August on the broader economy,

According to Commerzbank analyst Thu Lan Nguyen on October 16, UK August economic growth exceeded market expectations for the fourth consecutive month, supporting expectations for further interest rate increases by the Bank of England. The data demonstrated UK economic resilience, easing pressure on

According to the International Monetary Fund, the Bank of Japan is expected to raise interest rates one more time on Friday to bring its policy rate closer to neutral levels, as stated by Rahul Anand, head of the IMF's Japan mission. The fund emphasized that future policy moves need to remain

BNP Paribas forecast that the Bank of Korea will unanimously freeze the benchmark interest rate at the October monetary policy committee meeting. Economist Yoon Ji-ho stated in an interview on the 16th that consecutive rate hikes in July and August gave the BOK time to assess policy effects and

According to remarks by People's Bank of China Governor Pan Gongsheng on October 15 at the International Monetary Fund and World Bank Annual Meeting, China's central bank aims to advance yuan-denominated bonds as globally recognized and widely used collateral. Pan noted that Chinese bonds and

According to Jin10, two major currency option positions with strike prices exceeding $1 billion are set to expire on October 16 at 22:00 Beijing time. The expiring options involve EUR, JPY, and other currency

According to Jin10, major currency pairs showed their daily performance on October 16.

According to a Turkish Central Bank survey, the USD/Turkish lira exchange rate is expected to reach 51.5471 by the end of 2026.

According to Yonhap Infomatics, Fed Chair Kevin Walsh stated on October 16 at the IMF-World Bank annual meeting in Bangkok that the global economy is unfolding as the Federal Reserve anticipated since September. When asked about the interest rate decision at the upcoming November 27-28 Federal

According to Jin10, JPMorgan Chase CEO Jamie Dimon shifted his stance on October 16 by publicly calling for a broad free-trade agreement between the U.S. and European Union, contradicting White House policy. The move reflects a broader reassessment by American business leaders who previously

According to Jin10 Futures, on October 16 at 2:30 p.m., the CFETS-NEX RMB interbank liquidity sentiment index stood at 46, unchanged from 10:15. Sentiment indices for major banks, small-to-medium banks, and non-bank institutions were 43, 46, and 48 respectively, all

According to Ripple's October 15 announcement, Ripple Prime launched real-world asset (RWA) swaps giving institutional clients 24/7 exposure to more than 100 traditional financial markets including equities, ETFs, commodities and currencies. Virtu is among the initial clients using the new swaps,