DXY & Forex

U.S. Labor Department Acting Secretary Julie Su's deputy, Sandlin, called for the Federal Reserve to cut interest rates, according to recent remarks. The statement reflects the Biden administration's position on monetary policy amid ongoing economic

U.S. one-year inflation expectations came in at 4.5% in May, below the forecasted 4.8% and down from 4.70% in the prior month.

According to CME FedWatch data, federal funds futures indicate investors expect the Federal Reserve to maintain interest rates unchanged through the remainder of the year and into 2027. Following a stronger-than-expected employment report, the market probability of rates staying unchanged through

According to BlockBeats, on May 8, White House National Economic Council Director Hassett said there are no signs of inflation spiraling out of control, meaning the Federal Reserve has no need to raise rates. He expects the U.S. will see rate cuts this

Hassett, director of the National Economic Council at the White House, expects the U.S. and European Union to reach a trade agreement before July 4.

According to market data, the U.S. dollar strengthened against the Canadian dollar, with USD/CAD breaking through 1.37 today (May 8), posting intraday gains of 0.25%.

Russia's foreign exchange and gold reserves declined to $75.75 billion in the week ending May 1, down from $77.17 billion in the prior week, according to central bank data.

According to the U.S. Bureau of Labor Statistics, April nonfarm payrolls increased by 115,000, significantly exceeding the forecast of 62,000. Healthcare, transportation, warehousing, and retail sectors added jobs, while federal government employment continued to decline. The prior month's figure wa

According to Jin 10, Canada's unemployment rate rose to 6.9% in April, reaching a six-month high.

According to BlockBeats, on May 8, U.S. interest rate futures showed the probability of Federal Reserve rate hikes in 2026 declined slightly, according to data from Golden Ten.

Canada's employment declined by 17,700 in April, according to data from Statistics Canada, falling short of the forecast of 15,000 new jobs. The previous month saw employment gains of 14,100. The miss marks a shift from recent hiring trends and may influence expectations for central bank policy

Canada's full-time employment declined by 46,700 in April, according to labor force data, compared to a loss of 1,100 in the previous month.

Canada's employment participation rate reached 65% in April, exceeding the consensus forecast of 64.9% and rising from 64.90% in the prior month.

According to CME FedWatch, the Federal Reserve has a 96.9% probability of maintaining interest rates unchanged in June and a 3.1% probability of cutting rates by 25 basis points. For July, the probability of holding rates steady stands at 90.7%, with a 9.1% chance of a cumulative 25 basis point

U.S. seasonally adjusted nonfarm payrolls, unemployment rate, and average hourly earnings data for April are set to be released in 10 minutes, along with Canada's April employment figures.

Bank of England Governor Andrew Bailey is set to deliver remarks on global imbalances in approximately 10 minutes.

According to Ebury strategist Matthew Ryan, the UK gilt and pound markets have reacted calmly to Labour's local election losses on May 8, as the outcome was already priced in by markets. However, he warned that increased bets on leadership changes could shift sentiment rapidly. Potential policy

According to analysis of Bank of Japan account data, Japanese authorities may have skipped forex intervention on Thursday (May 8), the first business day of the week, following multiple interventions during the holiday period. The BOJ's current account data released Friday showed minimal

According to BlockBeats, Federal Reserve Governor Milan said on May 8 that interest rate cuts are appropriate, citing that Fed policy has suppressed the job market.

According to BlueBay Chief Investment Officer Mark Dowding on May 8, the asset manager expects the Federal Reserve to maintain its policy stance throughout 2026. As inflation begins to decline in 2027, BlueBay is increasingly confident that the next move in U.S. interest rates will be a cut rather t