DXY & Forex

According to Nick Timiraos, the Federal Reserve's closely watched communications official, an increasing number of sell-side institutions and Fed observers are withdrawing or postponing rate-cut expectations from their outlooks on May 9. Timiraos noted that roughly half of analysts now expect the Fe

According to Nomura Securities analysts on May 8, if Brent crude oil prices hold near $90 per barrel, the Bank of England could raise rates by 25 basis points in 2026. LSEG data shows markets have fully priced in two consecutive 25-basis-point rate hikes by the BoE before

U.S. consumers' one-year inflation expectations came in at 4.5% in May, falling short of the 4.8% forecast and declining from the prior month's 4.70%, according to University of Michigan data.

According to BlockBeats, Federal Reserve Chair Jerome Powell will step down on May 15 after eight years in office. Powell, who is not an economist by training, navigated the pandemic, a 40-year high in inflation, and an aggressive rate-hiking cycle during his tenure. Powell's early years saw

According to Spanish national television, ECB President Christine Lagarde on May 9 refused to signal whether the central bank will raise rates next month, citing "enormous uncertainty" about the impact of the Iran conflict on inflation. Lagarde stated that policymakers need "more data" to

According to Wall Street Journal, the U.S. dollar index (DXY) has reversed all gains made since the Iran conflict began in late February, as of May 7. Following the conflict's outbreak, investors initially unwound dollar short positions and bet on potential Federal Reserve rate hikes. However,

According to CCTV Finance, offshore Chinese yuan surpassed 6.80 against the U.S. dollar for the second consecutive day on May 9. Shanghai Finance and Development Lab director Zeng Gang noted the move reflects continued U.S. dollar weakness and China's sustained trade competitiveness. The onshore and

According to Gelonghui, the onshore Chinese yuan (CNY) strengthened to 6.8005 against the U.S. dollar at 03:00 Beijing time on May 9, rising 63 pips from Thursday's close. Trading volume reached $41.971

According to Gelonghui, offshore yuan (CNH) rose 116 pips against the U.S. dollar on May 8 (New York close), trading at 6.7971 on Friday morning Beijing time (04:59). The pair traded within a range of 6.8099-6.7955 during the

According to a report by Coinfomania on May 8 citing public information, the “Digital Asset Co-Creation Alliance” (DCC), with blockchain infrastructure company Progmat—an entity under the MUFG (Mitsubishi UFJ Financial Group) financial group—serving as the secretariat, launched working groups in May. The plan is to buy back and bring the market online by the end of 2026. The scale of Japan’s repo market is about $1.6 trillion, accounting for 10% of the global $16 trillion repo market. Consortium

According to Bank of America's Global Research division on May 8, the Federal Reserve will postpone interest rate cuts until the second half of 2027, citing elevated inflation and strong employment growth. BAC previously forecast two rate cuts in September and October 2026, but has now reversed

According to Japan's Finance Ministry, the country's total government debt reached 1,343.84 trillion yen as of end-March 2026, marking a 10-year consecutive record high. The debt increased by 20.13 trillion yen from the previous fiscal year. Japanese government bonds accounted for 1,207.22 trillion

China's exports to the United States rose 11.4% year-over-year to $36.76 billion in April, while imports from the U.S. increased 9.4% to $13.69 billion. The bilateral trade surplus reached $23.07 billion for the

China's exports in April rose 14.1% year-over-year in U.S. dollar terms, up significantly from 2.5% in the previous month, according to official trade data.

Overnight SHIBOR fell to 1.2240% overnight, down 3.10 basis points. Seven-day SHIBOR declined to 1.3180%, down 2.70 basis points, while three-month SHIBOR edged lower to 1.4140%, down 0.30 basis points.

As the situation in the Strait of Hormuz continues to escalate, multiple market institutions and analysts on May 9 pointed out that Wall Street traders are using a “NACHO (Not A Chance Hormuz Opens)” trading logic to replace the previously popular “TACO (Trump Always Chickens Out)” trading model. High oil prices are no longer a one-off short-term shock, but a new market environment. Military escalation in the Strait of Hormuz According to media reports, on May 7, 2026 (Thursday), fighting once a

China's April trade surplus reached $84.82 billion, according to official data, exceeding the forecast of $83 billion. The figure represents a significant increase from March's $51.13 billion.

China's exports grew 9.8% year-over-year in April, rebounding sharply from a 0.70% decline in the prior month.