DXY & Forex

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

According to the Bank of Japan's policy meeting minutes released on May 7, a policymaker stated during the March 18-19 policy meeting that the benchmark rate remains far below the neutral level. Another member said the central bank needs to raise policy rates if there are no signs of economic

Chicago Federal Reserve Chair Austan Goolsbee warned on May 7 against hastily lowering interest rates in response to accelerating productivity growth, cautioning that such moves could inadvertently fuel inflation. Speaking at the Milken Institute Global Conference, Goolsbee noted that the Fed's resp

According to BlockBeats, on May 7, multiple Federal Reserve officials warned that U.S. inflation risks are rising amid ongoing Iran conflict pushing oil prices and supply chain pressures. St. Louis Fed President Mussa llem stated policy risks have shifted toward higher inflation, with rates potentia

According to Gate exchange data, the U.S. Dollar Index fell 0.43% on May 6, closing at 98.017. The euro strengthened to 1.1748 per dollar from 1.17, while the British pound rose to 1.3593 per dollar from 1.3551.

Gate News: According to the latest Gate TradFi data, USDKRW (US Dollar vs South Korean won) has dropped by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to Golden Ten, Federal Reserve official Mosallam recently stated that a 2% inflation rate would mean interest rates could be further reduced.

According to BlockBeats, Federal Reserve Vice Chair Mussallem stated on May 6 that there are reasonable scenarios in which interest rates need to remain stable for an extended period.

Tenora Financial Group has received authorisation from the Financial Conduct Authority as an electronic money institution in the United Kingdom, while Macquarie has increased its shareholding to 33% through its Commodities and Global Markets division. The dual developments combine regulatory

According to CME Fed Watch, the Federal Reserve has a 94.2% probability of keeping interest rates unchanged in June, with a 5.8% chance of a 25 basis point rate cut. For July, the probability of holding rates steady stands at 84.1%, with a 15.3% probability of a cumulative 25 basis point cut.

According to BlockBeats, on May 6, the U.S. ADP employment for April came in at 109,000, beating expectations of 99,000 and rising from 62,000 in March.

Gate News: According to the latest Gate TradFi data, USDKRW (US Dollar vs South Korean won) has dropped by 1.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market