DXY & Forex

On September 8, China will release August trade balance, Japan and several European countries will publish July trade balance, while the U.S. will announce the NFIB Small Business Optimism Index and the New York Federal Reserve's 1-year inflation

This week, French far-left presidential candidate Jean-Luc Mélenchon harshly criticized the European Central Bank's interest rate hike, warning it poses a risk to economic growth. Mélenchon proposed canceling a portion of France's government debt held by the ECB, arguing the debt is "essentially

On Monday (September 7), UK gilt yields climbed across the curve during European afternoon trading. The 10-year gilt yield rose 3.9 basis points to 5.172%, while the 2-year yield increased 4.2 basis points to 4.573%. The 30-year and 50-year yields gained 4.2 and 4.9 basis points respectively. The 2/

According to Guru Club, the U.S. Dollar Index fell below 98 on September 7, declining 0.26% intraday.

According to Jin10 data on September 7, South Africa's second-quarter GDP is expected to contract 0.1%, ending a decade-long streak of quarterly growth, as the Iran conflict suppressed domestic demand and key industries shrank. A median survey of 14 economists forecast the contraction, down from a 0

According to Guru Club, eurozone second-quarter wage growth slowed on September 7, with average employee compensation rising 3.3% year-over-year, down from 3.5% in the first quarter. The slowdown reduces the urgency for further

According to financial columnist Sean Williams and Federal Reserve data, U.S. money market funds surged to a record $8.29 trillion in Q1 2026, a 65% increase since mid-2022. The influx into these low-risk, short-term Treasury securities and certificates of deposit reflects investor caution despite t

UBS revised its Federal Reserve interest rate forecast, now projecting 25 basis point rate hikes in both September and December 2026. The investment bank departed from its earlier stance of no policy change for the remainder of the year. The forecast revision followed a robust U.S. jobs report

According to BlockBeats citing FinCEN analysis, on September 7, approximately $9 billion in suspected Iran-related "shadow banking" activity flowed through U.S. correspondent accounts in 2024, with roughly $5 billion from foreign shell companies and $4 billion linked to foreign oil enterprises

According to UBS, the Federal Reserve is projected to raise interest rates by 25 basis points in both September and December 2026. The revised forecast represents a shift from UBS's earlier expectations of no policy changes for the remainder of the year, following a robust U.S. jobs

U.S. mortgage rates are entering the new week close to 7% as Treasury yields rise and a strong August jobs report increases uncertainty over Federal Reserve policy. The Mortgage News Daily index put the average 30-year fixed mortgage at 6.89% on Sept. 4, up one basis point from the prior day,

Federal Reserve Chair Kevin Warsh drew a sharp contrast with New York Fed President John Williams on inflation policy following Warsh's August 28 Jackson Hole address. Warsh, who became Fed Chair in mid-2026 and held his first FOMC meeting in June, has maintained the federal funds rate target at 3.5

Federal Reserve Chair Kevin Warsh and New York Fed President John Williams have taken diverging stances on inflation following Warsh's August 28 Jackson Hole address. Warsh, who took the helm in mid-2026, has maintained the federal funds rate target at 3.5% to 3.75% and signaled there is

According to BlockBeats, on September 7, market expectations for a Federal Reserve rate hike in September intensified following strong U.S. August employment data. CME FedWatch data shows the probability of a 25 basis point rate increase to 3.75%–4% at the September FOMC meeting reached

According to BlockBeats, overseas investors held approximately $39 trillion in U.S. assets on September 7, hitting a record high. This represents an increase of about $16 trillion from the 2022 bear market low, up 70% year-over-year. U.S. equities drove the growth, with overseas holdings doubling to

The KRW/USD exchange rate fell to the 1330 won range intraday on September 7, marking its lowest level in 1 year and 11 months, and closed at 1340.5 won, down 9.9 won from the previous trading day. The decline was driven by increased demand from export companies converting their dollar holdings

The USD/JPY exchange rate dropped 1.28% to 154.223 yen as of 5:28 PM on September 7th, breaking below the 155 yen level. The decline accelerated during afternoon trading while US markets were closed for Labor Day. The drop marks the first time the pair has fallen below 155 yen since February,

According to Yonhap Infomax, the US dollar to Japanese yen exchange rate dropped sharply on September 7 afternoon, breaking below the 155 yen level to trade at 154.223 yen as of 5:28 PM—marking the lowest point since February and a 1.28% decline from the previous day. Market analysts attribute the

According to New York Federal Reserve research on September 7, the decline in the U.S. dollar's share of official foreign exchange reserves reflects operations by a minority of reserve managers, not broad de-dollarization. The dollar accounted for 56% of official currency reserves last year, down

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