DXY & Forex

Mexico's central bank cut its benchmark interest rate to 6.5% on May 7, down 25 basis points from the previous 6.75%, matching market expectations.

According to Freddie Mac, the average 30-year fixed-rate mortgage in the U.S. rose to 6.37% in the week of May 7, up from 6.30% the previous week.

According to Jin Ten Data, the U.S. Dollar Index rose 0.05% to close at 98.063 on May 8. EUR/USD strengthened to 1.1751 from 1.1748, while GBP/USD weakened to 1.3583 from 1.3593. USD/JPY climbed to 156.67 from 156.45, and USD/SEK increased to 9.2432 from 9.2339.

According to Golden Finance, China's central bank conducted 500 million yuan in 7-day reverse repos today (May 8), achieving net injection of 500 million yuan as no repos matured. This week, the central bank conducted 5.35 billion yuan in 7-day reverse repos while 41.91 billion yuan in repos mature

South Korea's current account stood at $37.33 billion in March, according to official data. The previous month's figure was revised to $23.19 billion from the initially reported $23.1927 billion.

According to 10data, Japan's real wages rose 1% year-over-year in March, marking the third consecutive month of gains, data released on May 8 showed. The increase provides further support for the Bank of Japan to raise interest rates at its June meeting. A Reuters survey of economists found that

Foreign central banks reduced their holdings of U.S. Treasury securities by $8.74 billion in the week ended May 1, according to U.S. Federal Reserve data, compared to net inflows of $6.679 billion in the prior week.

According to BlockBeats, on May 8, Ray Dalio, founder of Bridgewater Associates, issued a stark warning during an interview with The New York Times podcast "Interesting Times," cautioning that the U.S. faces mounting structural challenges over the next five years including stagflation, financial

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