DXY & Forex

Gate News message, April 24 — U.S. Treasury Secretary Janet Yellen stated that the dollar's dominant status and reserve currency position have been further strengthened.

Gate News message, April 24 — U.S. one-year inflation expectations for April came in at 4.7%, falling short of the market forecast of 4.8% and the previous month's reading of 4.8%.

Gate News message, April 24 — ECB Governing Council member Kazimir said a small rate hike may be needed to address current economic conditions.

Gate News message, April 24 — A survey indicates the European Central Bank will likely maintain interest rates in April but raise them by 25 basis points in June, driven by inflation concerns stemming from geopolitical tensions. Looking ahead, market participants widely expect the ECB to begin

Gate News: According to the latest Gate TradFi data, USDILS (US dollar vs Israeli Shekel) has surged by 0.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Japan’s core inflation rebounded for the first time in five months in March, driven mainly by higher energy prices sparked by geopolitical tensions. As inflationary pressure gradually becomes more apparent, the market is closely watching the Bank of Japan’s upcoming rate decision meeting. At present, most institutions expect the BoJ to keep interest rates unchanged, but it may issue guidance that leans toward a hawkish monetary policy stance. At the same time, the yen has remained weak, prompting the Japanese government to be highly alert to speculative trading. Japan’s Ministry of Finance has made it clear that if necessary, it will take intervention measures at any time to stabilize the currency market. Energy prices boost Japan’s core inflation According to CNBC, Japan’s March core inflation rate excluding fresh food rose to a year-on-year rate of 1.8%, higher than February’s 1.6%. This is the first acceleration in this data in five months, mainly because the Middle East conflict has pushed energy prices higher. However, inflation excluding energy and food edged down slightly to 2.4%. According to a BoJ survey, more than 80%…

Gate News message, April 23 — The US Dollar Index, which measures the greenback against six major currencies, rose 0.18% and closed at 98.774 at the end of New York forex trading. The euro weakened to 1.1685 USD

Gate News message, April 23 — According to CME Fed Watch data, the probability of the Federal Reserve keeping rates unchanged in April stands at 99%, with only a 1% chance of a 25 basis point rate hike. Looking ahead to June, the odds show a 96.4% probability of maintaining current rates, 2.6% prob

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.

Gate News message, April 24 — Iran's Central Bank has confirmed that the first batch of transit fees collected from vessels passing through the Strait of Hormuz has been received in cash foreign exchange form, according to Haji Babaei, Vice Speaker of the Iranian Islamic Parliament. The funds have b

According to a recent Reuters survey of economists conducted April 17-21, the Federal Reserve is expected to wait at least six more months before cutting interest rates in 2024. The postponement reflects inflationary pressures stemming from the Middle East war, which has lasted approximately two mon

Gate News message, April 23 — Money markets have fully priced in expectations of two European Central Bank (ECB) rate hikes by December, with a 50% probability of a third increase occurring.

Gate News message, April 23 — Market participants have increased bets on Bank of England rate hikes, with traders now pricing in 62 basis points of increases for the remainder of 2026.

Gate News message, April 23 — Global bond markets entered 2026 expecting monetary easing, but geopolitical tensions in the Middle East and energy supply disruptions reversed that narrative during Q1, forcing investors to reassess interest rate outlooks. According to Eurex data, March marked a

Gate News message, April 23 — The Bangko Sentral ng Pilipinas (BSP), the Philippines' central bank, raised its policy rate to 4.5% on April 23, marking the first rate hike in two years amid escalating Middle East tensions that have driven up domestic fuel and food prices. Inflation in the Philippin

Gate News message, April 23 — According to Andrew Batchelor, head of LCH ForexClear, the Chinese yuan is expected to surpass the Japanese yen as the second most actively traded currency against the U.S. dollar in foreign exchange options markets. Batchelor stated that when the Bank for

Gate News: According to the latest Gate TradFi data, USDIDR (US Dollar vs Indonesian Rupiah) has surged by 0.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Trump floated a US-UAE currency swap to help UAE amid potential Iran-related stress; UAE informal request to exchange dirhams for dollars; UAE and US emphasize strong ties; swap line would ease dollar shortages, with Fed as lender. Abstract: President Trump indicated the United States may offer a currency swap with the UAE to shore up its Gulf ally if Iran-related economic strain emerges. The UAE privately requested dollar liquidity; a Fed swap line would exchange dirhams for dollars and back under agreed terms, reinforcing a long-standing US-UAE partnership.

SWIFT data indicate the US dollar accounted for a record 51.1% of international transactions in March, up from 49.2% in February and the highest level since 2023. The euro was around 21%, with sterling and yen behind, and the dollar's rise aligned with tensions in the Middle East. SWIFT data show the US dollar share of international transactions rose to 51.1% in March from 49.2% in February, a peak since 2023, with the euro around 21% and sterling and yen trailing.