DXY & Forex

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

According to China Finance 100, offshore Chinese yuan strengthened against the U.S. dollar on May 9, breaking the 6.80 level for the second consecutive day. The move reflects sustained U.S. dollar weakness and China's resilient trade competitiveness, according to Zeng Gang, director of the

According to Bank of America's global research division on May 9, the Federal Reserve will delay interest rate cuts until the second half of 2027, citing elevated inflation and strong employment growth. The bank previously forecast rate cuts in September and October 2026. Economists at BAC stated in

According to Japan's Ministry of Finance, as of end-March 2026, Japan's total government debt reached 1.34 quadrillion yen, up 20.13 trillion yen year-over-year and marking a record high for the 10th consecutive year. Government bonds totaled 1.21 quadrillion yen, with ordinary bonds accounting for

On Friday (May 9), gold prices held steady above $4,600 per ounce, gaining nearly 2% the previous trading day, supported by a sharp U.S. dollar decline following Japan's foreign exchange market intervention. The geopolitical tensions between the U.S. and Iran over the Strait of Hormuz have

Overnight SHIBOR declined 3.1 basis points to 1.2240%, while the 7-day SHIBOR fell 2.7 basis points to 1.3180%. The 3-month SHIBOR edged down 0.3 basis points to 1.4140%.

China's trade surplus in April reached $84.82 billion, surpassing the forecast of $83.3 billion and more than doubling from $51.13 billion in March.

China's central bank conducted a 500 million yuan 7-day reverse repurchase operation today (May 10), with an operating rate of 1.40%, unchanged from the previous operation.

Bank of England (BoE) Governor Andrew Bailey warned on May 9 at a meeting hosted by the Bank of England in the UK that the US and the UK are about to enter a “tug-of-war” phase on stablecoin regulation, and that the UK worries it could face bank-run (run-on) risks if it adopts stablecoins. The Block reported on Bailey’s remarks: “We know what happens if stablecoins are subject to a run—they all come here (to the UK),” suggesting that dollar stablecoins promoted by the GENIUS bill in the US, if b

According to Golden Ten Data, Chicago Federal Reserve President Austan Goolsbee stated on May 9 that all interest rate options, including rate hikes and cuts, remain under consideration. He noted the Fed's policy

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