DXY & Forex

The Chinese yuan's midpoint rate against the U.S. dollar strengthened 30 points to 6.8401 on May 14, marking its strongest level since March 24, 2023.

According to Jin10, the CFETS-NEX funding sentiment index fell 1 point to 46 on May 14 (as of 08:45). Among major banks, mid-sized banks, and non-bank institutions, the indices stood at 44, 47, and 45 respectively, each down 1 point

Japan's 10-year government bond yield rose 2 basis points to 2.605% today, marking the highest level since May 1997.

Japan turned to net buying of foreign bonds in the week of May 8, purchasing 1.64 trillion yen, a reversal from net selling of 887.7 billion yen in the prior week.

Japanese investors sold a net 593.6 billion yen in foreign stocks for the week ended May 8, reversing from a 41.2 billion yen net inflow in the prior week, according to data from Japan's Ministry of Finance.

Japan's broad money supply (M-aggregate) expanded at an annual rate of 2.8% in April, unchanged from the previous month's 2.8%.

Japan's M3 money supply increased 1.6% year-over-year in April, up from 1.4% in the previous month, according to official monetary statistics.

Japan's M2 money supply growth accelerated to 2.3% year-over-year in April, up from 2% recorded in the previous month.

According to Wall Street Journal, Venezuela announced on May 14 its plan to restructure $170 billion in government debt, seeking to normalize relations with creditors and re-enter international capital markets as ties with the U.S. improve. The restructuring is expected to be among the largest and m

According to Korea's Daily Economic News, South Korean President Lee Jae-myung proposed to U.S. Treasury Secretary Bessent that the two nations establish a currency swap agreement.

On Wednesday (May 13), U.S. Treasury yields swung sharply following the release of wholesale inflation data (PPI). The 10-year benchmark yield climbed 5.8 basis points to 4.4688% at the New York close, holding near 4.46% before the PPI print at 8:30 PM Beijing time, then jumped to a daily high of 4.

On May 13, offshore yuan (CNH) closed at 6.7874 against the U.S. dollar overnight (Beijing time 04:59 on May 14), up 34 pips from Tuesday's close. The currency traded within a range of 6.7930 to 6.7860 during the

According to Jin10, ECB President Lagarde called on EU leaders to demonstrate courage and strengthen the European Union's institutional foundation on May 14, emphasizing the need to break complacency. She highlighted the work of her predecessor Mario Draghi in enhancing European competitiveness and

Brazilian assets fell on Wednesday amid political uncertainty following a report linking right-wing presidential candidate Flavio Bolsonaro to Daniel Vorcaro, a former imprisoned owner of the liquidated Master Bank. The real depreciated 2.2% to 5 BRL per USD, marking its worst single day in nearly t

The U.S. Dollar Index, which measures the dollar against six major currencies, rose 0.23% on May 13 to close at 98.524 as of New York market close. Against major currency pairs, the euro weakened to 1.1707 per dollar from 1.1741, while sterling fell to 1.3516 from 1.3532. The yen strengthened to 157

According to Jin10, the U.S. Dollar Index, which measures the dollar's strength against six major currencies, rose 0.23% to close at 98.524 on May 14. The euro weakened to 1.1707 per dollar from 1.1741, while the pound fell to 1.3516 from 1.3532. The dollar strengthened against the yen to 157.9 from

On Wednesday (May 13), euro fell 0.24% against the U.S. dollar to 1.1711 during New York afternoon trading, with intraday low hit at 1.1696. Sterling declined 0.13% to 1.3522, hitting a session high of 1.3551 earlier before sliding to a low of 1.3485 after U.S. PPI data released at 8:30 PM. Dollar s

According to Federal Reserve announcement, the New York Fed's trading desk plans to conduct reinvestment purchase operations worth approximately $16.3 billion from May 14 through June 11.

The Federal Reserve Bank of New York's trading desk plans to conduct approximately $10 billion in reserve management purchases from May 14 through June 11.

Early today, the onshore Chinese yuan (CNY) closed at 6.7903 per U.S. dollar, up 52 pips from Tuesday night's close. Trading volume reached $36.737 billion.