DXY & Forex

The Secured Overnight Financing Rate (SOFR), a key US money market benchmark rate, continued its downward trend amid abundant liquidity conditions, falling to 3.53% as of the 9th according to the New York Federal Reserve, which calculates SOFR. The 5 basis point decline from the previous day marks t

According to the Federal Reserve Bank of New York, the SOFR (Secured Overnight Financing Rate), a key benchmark for U.S. money markets, fell to 3.53% as of July 9, down 5 basis points from the previous day and marking its lowest level since May 21. SOFR has declined every trading day this month,

According to Jin10, the U.S. Dollar Index rose 0.05% on July 10, closing at 100.953 in New York forex trading. The euro weakened to 1.1416 against the dollar from 1.1434; the British pound fell to 1.3398 from 1.3416. The yen declined to 161.69 per dollar from 162.34, while the Swiss franc

According to CFTC, as of the week ending July 7, the Japanese yen held net short positions of 123,778 contracts, while the euro stood at 16,227 contracts. The British pound had net short positions of 87,903 contracts, and the Swiss franc at 37,414 contracts.

According to market data, offshore Chinese yuan (CNY) rose to 6.7770 against USD overnight, up 140 pips, with trading volume of 4.8325 billion USD as of 03:00 Beijing time on July 10.

According to the June FOMC minutes, nine of eighteen policymakers expect at least one rate hike by the end of 2026, with upside risks to inflation highlighted amid Middle East tensions. However, soft June payrolls suggest caution, even as the 10-year Treasury yield touched a seven-week high

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

According to CME FedWatch, on July 11, the Federal Reserve has a 72.7% probability of maintaining interest rates unchanged and a 27.3% probability of raising rates by 25 basis points.

Germany's 10-year Bund yield rose 13.1 basis points this week, marking the largest weekly gain since May, trading within a range of 2.916% to 3.118%. On Friday (July 10), the yield fell 1.9 basis points to 3.065% in late European trading. The two-year Bund yield gained 11.1 basis points for the week

On Friday (July 10), UK two-year gilt yields rose 9.9 basis points for the week, reaching 4.220% according to market data from European close. Ten-year gilt yields gained 8.9 basis points over the same period to 4.868%, though both fell modestly on the day.

According to Jin10 report citing ING economists Marieke Blom and Amrita Naik Nimbalkar on July 10, eurozone household savings stood at 14.3% of disposable income in the first quarter, above the pre-pandemic five-year average of 12.5%. A decline to pre-pandemic levels could release goods and

According to Jin10, on July 10, the Polish zloty fell to a 19-month low against the euro and a two-and-a-half-year low against the Czech koruna following signals of future rate cuts from the Polish central bank. The central bank kept interest rates unchanged at 3.75% as expected, but

According to QCP Capital's latest analysis published today (July 10), Bitcoin recovered toward the $64,000 level, supported by a sharp decline in Japanese government bond yields. A proposal encouraging Japan's Government Pension Investment Fund to increase domestic investments contributed to a

Canada's unemployment rate for June stood at 6.5%, beating economists' expectations of 6.6% and declining from 6.6% in the previous month.

Canada's job additions in June reached 18,200, exceeding the forecast of 10,000 positions. The prior month saw 87,800 jobs added.

Canada's June employment data will be released in approximately 10 minutes.

Poland's central bank official Kotecki said there is reason to consider rate cuts later this year.

According to Royal Bank of Canada, the U.S. dollar index is expected to rise to 104 by year-end, with the euro projected to decline to 1.11.

According to the Reserve Bank of India, the country's foreign exchange reserves reached $674.19 billion as of July 3, up from $666.93 billion a week earlier, representing a weekly increase of $7.26 billion.

Treasury Inflation-Protected Securities (TIPS) have seen rising yields, offering investors an increasingly attractive alternative to lock in stock market profits accumulated over the last two and a half years. The yield increase reflects declining inflation worries over the last month, driven by eas