DXY & Forex

Robin Brooks, Senior Fellow at The Brookings Institution and former Chief FX Strategist at Goldman Sachs, believes the Brazilian Real is poised to grow, as the currency’s value has been consistently rising since 2025. Two key drivers will benefit the Brazilian real: the end of the Middle East

According to Golden Finance, offshore CNH HIBOR rates showed mixed movement on Monday (May 11), with one-week and two-week rates rising to 1.45591%, hitting four-week highs. Overnight HIBOR declined 19 basis points to 1.30000%, moving away from one-month highs, while one-year HIBOR edged down to 1.7

SHIBOR overnight rate declined to 1.2210% on May 11, down 0.3 basis points. The 7-day SHIBOR rose to 1.3400%, up 2.2 basis points, while the 3-month rate held steady at 1.4140%.

According to Goldman Sachs, the bank revised its forecast for U.S. Federal Reserve rate cuts, now expecting 25 basis points of cuts in December 2026 and March 2027, pushing back its previous prediction of cuts in September and December 2026.

According to China's customs data, the country's April trade surplus reached $84.82 billion, exceeding expectations of $83.3 billion and significantly higher than the previous month's $51.13 billion.

According to Golden Ten Futures, China's CFETS-NEX funding sentiment index fell to 45 as of 10:15 on May 11, down 3 points from 08:45. The sub-indices for large banks, mid-sized banks, and non-bank institutions stood at 43, 46, and 45 respectively, each declining 3 points. The index ranges from 0 to

According to media reports, the incoming chair of the U.S. Federal Reserve (Fed), Kevin Warsh, is expected to be confirmed by the U.S. Senate on May 11 and to officially take over as the 17th chair of the Federal Reserve from the current chair Jerome Powell on May 15. Confirmation schedule and position handover According to media reports, Warsh, the Federal Reserve chair candidate nominated by U.S. President Donald Trump, is expected to be confirmed by the Senate on May 11, 2026, and to official

On May 11, the Bank of Japan appointed Kazuhiro Masaki, a monetary policy expert and seasoned central banker, as executive director overseeing the central bank's international affairs. Masaki officially assumed the role on Saturday and will lead the BOJ's research on the global economy while

According to the U.S. Commodity Futures Trading Commission (CFTC), leveraged funds reduced net short yen positions during the week ended May 5 following Japanese authorities' intervention to support the currency. The funds now hold 61,340 yen net short contracts worth approximately $4.9 billion,

The People's Bank of China conducted 500 million yuan in 7-day reverse repo operations today at a rate of 1.40%, unchanged from the previous day. No reverse repo operations matured today.

According to the interbank foreign exchange market, the USD/CNY mid-rate was quoted at 6.8467 on May 11, down 35 basis points as the yuan strengthened. The EUR/CNY rate rose 117 points to 8.0256, while GBP/CNY climbed 171 points to 9.2770. AUD/CNY increased 138 points to 4.9370, and CHF/CNY

The USD/JPY exchange rate reached 157 today, gaining 0.20% during the session.

According to China Foreign Exchange Trade System (CFETS), the RMB exchange rate index fell 0.47 to 99.7 on May 8.

According to CITIC Securities research, the U.S. added more non-farm jobs than expected in April 2026, with the unemployment rate at 4.3% as forecast. The brokerage expects the Federal Reserve to cut rates once by 25 basis points in the second half of 2026 if Iran tensions ease and oil prices

China's central bank reverse repurchase operations maturing this week total 5.35 billion yuan. No operations mature on Monday and Tuesday, while 2.6 billion yuan matures on Wednesday, 2.7 billion yuan on Thursday, and 50 million yuan on

Federal Reserve Chair Jerome Powell, Vice Chair Lael Brainard, and Governors Michelle Bowman and Christopher Waller will participate in a panel discussion at the Hoover Institution's 2026 Monetary Policy Conference in 10

According to CME FedWatch, the Federal Reserve has a 93.8% probability of holding rates steady in June 2026, with a 6.2% chance of a 25 basis point cut. For July, the probability of maintaining current rates stands at 88.8%, with a 10.8% probability of a cumulative 25 basis point reduction and a 0.3

According to Chicago Federal Reserve President Austan Goolsbee on May 9, all interest rate options remain under consideration, including rate increases, reversing the Fed's recent focus on potential cuts. The shift reflects policymakers' concern over inflation pressures stemming from energy shocks r

According to Goldman Sachs (via ChainCatcher), the bank pushed back its forecast for the Federal Reserve's next two rate cuts to December 2026 and March 2027, citing persistent inflation pressure. Following the April 29 FOMC decision, Goldman Sachs economists noted that energy cost pass-through

According to Spanish national television, European Central Bank President Christine Lagarde said on May 9 that the ECB is carefully weighing its response to the Iran war and its impact on inflation to ensure it neither acts too early nor too late. Lagarde stated that policymakers face "enormous