DXY & Forex

Reuters survey finds 71 of 103 economists expect the Fed to cut rates at least once this year, signaling market bets on easing amid ongoing economic conditions. Abstract: A Reuters poll of economists shows widespread expectation of at least one Federal Reserve rate cut this year, reflecting market pricing of potential monetary loosening amid persistent economic conditions.

Trump admin halts dollar shipments and security cooperation with Iraq to pressure disbanding Iran-backed militias, WSJ reports. Abstract: The Trump administration interrupted dollar shipments to Iraq and paused security cooperation to push Iraq to disband Iran-backed militias, according to Wall Street Journal sources.

CNBC reported that Trump publicly said he would help if needed, considering establishing a currency swap channel with the UAE, marking the White House’s first public response on the issue. The UAE central bank governor visited the U.S. last week to raise the possibility, but the actual decision still rests with the U.S. Federal Reserve. Fighting in the Strait of Hormuz disrupts dollar liquidity; if it goes ahead, it would broaden the impact of dollar diplomacy and on crypto, stablecoins, and global inflation/exchange rates.

Abstract: ClearBank has partnered with Singapore-based cross-border payments firm Tazapay to grant access to UK and European payment rails, marking ClearBank’s first Singapore client and its fifth Asia partnership this year. The collaboration integrates Tazapay’s stablecoin-funded payouts with regulated rails to help Asia-based fintechs enter UK/Europe more efficiently. Summary: ClearBank partners with Tazapay to give UK/European rails to a Singapore-based cross-border payments firm, expanding Asia ties while enabling stablecoin-funded payouts through regulated rails for Asia-based fintechs.

Gate News message, April 22 — South Korea's central bank has entered a new monetary phase with newly appointed governor Shin Hyun-song placing central bank digital currencies (CBDCs) at the forefront of the country's financial system. In his inaugural address, Shin positioned CBDCs and bank-issued d

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

Gate News message, April 22 — Indonesia's central bank maintained its benchmark interest rate at 4.75% on April 22, marking the seventh consecutive meeting without a change and aligning with market expectations. Central Bank Governor Perry Warjiyo stated that the bank has intensified foreign

Gate News message, April 22 — The UK Office for National Statistics released March consumer price index (CPI) data showing a month-on-month increase of 0.7% and a year-on-year increase of 3.3%.

Iran's envoy says talks can start once Washington ends its naval blockade and ceases ceasefire violations; signals of a possible lift, with markets moving as metals rise and the dollar and oil fall. Abstract: The piece reports that Iran's UN envoy is ready to negotiate immediately if the U.S. ends its blockade and ceases ceasefire violations, citing Tasnim News Agency; it notes signals of a possible lift and related market reactions.

Gate News message, April 22 — The U.S. Dollar Index (DXY) declined 10 points in short-term trading to 98.28, according to Gate's market data.

Abstract: This article reports Japan’s FY2025 trade data, showing a 1.71 trillion yen deficit—the fifth consecutive—driven by imports growing slowly despite 4% export gains led by semiconductors. It notes surging U.S. crude and LNG exports, with weaker auto and semiconductor equipment shipments to the United States due to tariffs. Summary: Japan posted a 1.71 trillion yen FY2025 trade deficit, exports up 4% on semiconductors, imports up 0.5%; U.S. energy exports rose, but auto and semiconductor equipment shipments to the U.S. fell due to tariffs.

France faces €4–6B losses from the Iran conflict, driven by higher energy costs and €3.6B in borrowing costs, with a €6B spending freeze and new energy measures to avoid broad budget cuts.

Gate News message, April 22 — Bessent, President Trump's pick to lead the Federal Reserve, faced intense questioning during his confirmation hearing, where he repeatedly denied making any rate commitments to the president while launching sharp criticism of the central bank's current

CME FedWatch shows a 100% probability of no rate change in April, with zero chance of a 25 bp hike; by June a 1.7% chance of a 25 bp cut and a 98.3% likelihood rates stay flat.

Gate News: According to the latest Gate TradFi data, CHFZAR (Swiss Franc vs South Africa Rand) has dropped by 0.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Gate News message, April 21 — US stock futures climbed today after President Donald Trump announced an extension of the ceasefire agreement with Iran until negotiations conclude. S&P 500 (U.S. benchmark equity index) futures contracts gained 0.4% in early trading, while oil held a two-day advance.

Gate News message, April 22 — Kevin Warsh, the nominated chair of the Federal Reserve, called for significant policy reforms during his confirmation hearing on April 21, stating that the Fed needs to change its policy execution framework. The proposed reforms include a new inflation target framework

Abstract: In a Gate News message on April 21, Federal Reserve Governor Christopher Waller argued that the traditional incremental approach to operating the Fed's regional banks is inadequate for current conditions, signaling a potential overhaul of the central bank's operating structure. Summary: Waller says the Fed’s traditional incremental mode for operating regional banks is inadequate for the current environment, signaling a need to overhaul the central bank’s operating framework.

Gate News: According to the latest Gate TradFi data, USDZAR (USD/ZAR) has surged by 1% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Abstract: The U.S. Dollar Index rose to 98.52 intraday, while non-dollar currencies weakened; EUR/USD and AUD/USD fell more than 0.5%, and USD/CHF and USD/JPY rose more than 0.5%. Summary: DXY climbed to 98.52 intraday as most major pairs weakened; EUR/USD and AUD/USD fell over 0.5%, while USD/CHF and USD/JPY rose over 0.5%.