DXY & Forex

According to Federal Reserve Chair Jerome Williams, on May 8, demand for U.S. Treasury securities remains strong despite large government borrowing. Williams stated the Fed is monitoring government borrowing levels "very closely," but noted that market demand for U.S. debt is "enormous" and the U.S.

According to CME FedWatch data as of May 7, the Federal Reserve has a 96.4% probability of holding interest rates unchanged in June, with a 3.6% chance of a 25 basis point rate cut. For July, the probability of maintaining rates

According to Jin10, the U.S. dollar index rose 0.05% to close at 98.063 on May 8 at the close of New York forex trading. The euro appreciated to 1.1751 per dollar, up from 1.1748 on the previous trading

According to Odaily, President Trump demanded on May 7 that the European Union reduce tariffs to zero before the U.S. 250th anniversary in 2026. Trump said he has given EU Commission President Ursula von der Leyen time to negotiate; otherwise, tariffs will be immediately and significantly

According to Nippon Economic News, Japan's major banks and securities firms plan to issue digital government bonds on blockchain in 2026, enabling 24-hour trading outside traditional market hours. The institutions will introduce yen-denominated stablecoins for settlement to reduce costs,

According to a New York Federal Reserve survey, U.S. consumers' long-term inflation expectations remained stable in April, despite near-term price pressures. Near-term inflation expectations for the next 12 months rose slightly, but expectations for the next three to five years showed no change from

According to Odaily, the US Dollar Index (DXY) has erased all gains accumulated since February 27 following the Iran conflict. The dollar had briefly strengthened after the war erupted as investors unwound bearish positions and bet on potential Federal Reserve rate hikes, but these gains have since

According to PANews, on May 7, Cleveland Federal Reserve President Beth Hammack stated that the Fed's policy statement signals potential rate cuts, which conflicts with her economic outlook. She said: "Our statement holds rates steady, but the signal sent is that the next move is more likely a rate

According to Odaily, Federal Reserve official Hamacker stated recently that the Fed should maintain a neutral stance in its policy outlook amid uncertainty and expressed concern about price pressures. The baseline scenario is that interest rates will remain unchanged for an extended period, while th

According to data from Chinese financial platform Jin10, U.S. continuing jobless claims fell to 1.766 million for the week ending April 25, below market expectations of 1.8 million. The previous week's figure was revised upward to 1.776 million from an initially reported 1.785 million.

Gate News: According to the latest Gate TradFi data, USDCOP (US Dollar vs Colombia Peso) has dropped by 1% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to financial media reports, Boston Federal Reserve President Neel Kashkari Collins stated she supports maintaining interest rates unchanged but wants to adjust the policy statement's wording to avoid language suggesting rate cuts. Collins noted that more officials want the Fed to send

The U.S. Federal Reserve is expected to keep the interest rate unchanged at 3.5%–3.75% after its two-day meeting, and it may also fine-tune its statement to strengthen the emphasis on employment and flexibility for future rate hikes. Chair Jerome Powell’s term expires on May 15, and the market is watching whether he will be reappointed and whether there will be any changes in board membership. Waller, who has been nominated to succeed him, faces pressure over independence and reform, and Milan may become his last time attending in person. This article focuses on tomorrow morning’s press conference and the direction of policy.

According to Golden10, onshore Chinese yuan closed at 6.8015 against the U.S. dollar on May 7 at 4:30 PM, up 134 pips from the previous trading day.

On May 7, European Central Bank Governing Council member Negrel stated that if Middle East tensions do not ease significantly, the ECB may raise interest rates in June. "If the outlook does not improve materially, I expect we will raise rates in June," Negrel said. The official added that

According to Golden Ten, offshore Chinese yuan broke through 6.8 against the U.S. dollar on May 7, marking the first time since February 2023.

Japan’s Ministry of Finance Deputy Minister Jun Mimura said the government is prepared to respond comprehensively to FX market speculation, with particular attention to non-fundamental volatility during the Golden Week holiday period. The yen briefly rose to 155.04; low market activity has fueled speculation about intervention, but Mimura declined to comment on defensive levels. The IMF guidance does not restrict the frequency of interventions. US Treasury Secretary Bessent will visit Japan next week, and senior officials from Japan and the U.S. will discuss the yen.

The International Monetary Fund (IMF) released its latest Sub-Saharan Africa Regional Economic Outlook report on May 6 in Kigali, Rwanda, according to CCTV News. The report revised down the 2026 economic growth forecast for Sub-Saharan Africa to 4.3%, a reduction of 0.3 percentage points from the

According to ECB governing council member Kohler, the European Central Bank may consider raising interest rates in the coming months if inflation does not improve.

Japan's top currency official Masatsugu Mimura said on May 7 that the country is prepared to respond comprehensively to speculative activities against the yen. Mimura stated he is closely monitoring the market with a sense of urgency given persistent speculative activity, though he declined to