DXY & Forex

Bank of America went live on CLS's cross currency swaps settlement service, expanding use of payment-versus-payment infrastructure to reduce settlement risk in FX markets. The integration allows the bank to settle currency exchanges simultaneously, eliminating gaps where one counterparty might

The UK's May CBI Industrial Orders Balance will be released in 10 minutes. The CBI (Confederation of British Industry) Industrial Orders Balance is a key gauge of new manufacturing orders in Britain.

According to the European Commission, the eurozone's overall budget deficit is forecast to stand at 3.3% for 2026, unchanged from the previous projection.

The EU Commission today lowered its economic growth forecasts for the eurozone. The 2026 projection was reduced from 1.2% to 0.9%, while the 2027 forecast was cut from 1.4% to 1.2%.

The European Commission raised its inflation forecast for the eurozone, projecting 3.0% for 2026 (up from 1.9%) and 2.3% for 2027 (up from 2.0%).

Parameta Solutions expanded its foreign exchange spot pricing infrastructure through new strategic partnerships with OANDA and Netdania, strengthening its multi-source FX data composite as institutions seek more transparent and resilient pricing across fragmented currency markets. The integrations a

Eurozone construction output rebounded to 0.8% month-over-month in March, according to Eurostat data, recovering from a contraction of 0.20% in the prior month. The expansion signals stabilization in the region's construction

Eurozone labor costs increased 3.4% year-over-year in the first quarter of 2026 on a preliminary basis, up from 3.3% in the previous quarter, according to official statistics.

China's offshore yuan (CNY) closed at 6.7960 against the U.S. dollar at 4:30 PM Beijing time today (May 21), appreciating 100 basis points from the previous trading day's official close and 12 points from yesterday's night session close.

According to Jin10 Futures, China's CFETS-NEX yuan funding sentiment index fell to 49 as of 4 p.m. on May 21, down 1 point from 2:30 p.m. By institution type, large banks reported 47, mid-to-small banks 50, and non-bank institutions 48, each declining 1 point. The index ranges from 0 to 100,

The Eurozone will release preliminary manufacturing and services PMI figures for May today at 16:00 Beijing time (08:00 UTC). The purchasing managers' indices are closely watched indicators of economic activity in the currency bloc's manufacturing and service

After the May French PMI release, EUR/USD touched 1.16 today, declining 0.19% intraday. France's 10-year government bond yield fell 1.2 basis points to 3.714% from 3.731%.

According to Bloomberg, an artificial intelligence model based on the European Central Bank's inflation risk framework shows growing upside pressure on core inflation from energy shocks ahead of June, suggesting the ECB may consider rate increases to prevent broader price

On May 19, Japan's 10-year breakeven inflation rate touched a record high of 2.35%, the highest level since inflation-linked government bonds began trading in 2004. The rate, which reflects market inflation expectations, has risen above the Bank of Japan's 2% target, heightening concerns that even t

According to Jin10 data, Federal Reserve officials have shifted toward a more hawkish stance in their latest meeting minutes released on May 21. A majority of Fed officials now support raising interest rates if inflation remains persistently elevated, and multiple officials favored removing dovish l

According to Jin10, South Korea's Ministry of Finance announced on May 21 that it will reduce government bond issuance in June to stabilize the bond market. Korean treasury bonds have fallen 6.9% so far this year, the worst performance among 44 markets tracked. On Thursday, the 10-year government b

According to Bloomberg and Reuters, the Indian rupee hit a record low against the U.S. dollar on May 20, with the country's central bank implementing foreign exchange intervention to prevent further depreciation. International capital outflows from Indian equities are intensifying rupee depreciation

According to Germany's Federal Finance Ministry monthly report, the federal budget deficit stood at €41 billion as of the end of April 2026.

According to ING economists, Japan's economy is demonstrating resilience, with stronger-than-expected exports and stable machinery orders supporting expectations for a rate hike by the Bank of Japan in June. Economist Min Joo Kang noted that hawkish remarks from BoJ Policy Board member Junko Koeda h

According to its official statement on Wednesday, the U.S. Federal Reserve has requested public comment on a proposal to establish new payment accounts that may allow certain crypto firms to access the Fed's clearing and settlement systems. The proposal, substantially similar to a December 2025