DXY & Forex

According to Golden Ten Futures, as of 14:30 on May 11, the CFETS-NEX yuan funding sentiment index reported 46, up 1 point from 10:15. The index for large banks, mid-sized banks, and non-bank institutions stood at 44, 47, and 46 respectively, each rising 1 point. The index ranges from 0 to 100,

According to a report by Bitcoin.com News on May 11, Robin Brooks, a senior fellow at the Brookings Institution and former Goldman Sachs chief FX strategist, said the Brazilian real (BRL) has been “badly hit and is severely undervalued,” and expects the USD/BRL exchange rate to ultimately fall below the 4.5 level in the coming months. He defines a rate of $1 to 4.5 reais as the currency’s “fair value” exchange rate. Robin Brooks’ Forecast: Two Key Drivers and Target Exchange Rate Citing Robin Br

Gate News: According to the latest Gate TradFi data, USDKRW (US Dollar vs South Korean won) has surged by 1% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

ECB Governing Council Member Kochler stated that medium and long-term inflation expectations are more important for interest rate decisions than near-term figures. While these expectations have not shown major changes to date, there are initial signs of some shifts

According to Goldman Sachs economists led by Tilton, South Korea's central bank faces pressure to raise rates by 25 basis points each in the third and fourth quarters of 2026, driven by surging chip and AI-related exports. The bank predicts AI-related exports could triple this year, reaching

According to Bank of America Global Research, cited by Golden Ten, the Federal Reserve is now expected to cut rates by 25 basis points each in July and September 2027. This marks a shift from the bank's previous forecast, which projected rate cuts in September and

According to the Financial Times, European Central Bank Vice President Luis de Guindos called for caution when considering interest rate increases, citing ongoing impacts from the Iran war on economic expansion. Guindos noted that energy shocks typically affect inflation indicators faster than econo

Robin Brooks, Senior Fellow at The Brookings Institution and former Chief FX Strategist at Goldman Sachs, believes the Brazilian Real is poised to grow, as the currency’s value has been consistently rising since 2025. Two key drivers will benefit the Brazilian real: the end of the Middle East

According to Golden Finance, offshore CNH HIBOR rates showed mixed movement on Monday (May 11), with one-week and two-week rates rising to 1.45591%, hitting four-week highs. Overnight HIBOR declined 19 basis points to 1.30000%, moving away from one-month highs, while one-year HIBOR edged down to 1.7

SHIBOR overnight rate declined to 1.2210% on May 11, down 0.3 basis points. The 7-day SHIBOR rose to 1.3400%, up 2.2 basis points, while the 3-month rate held steady at 1.4140%.

According to Goldman Sachs, the bank revised its forecast for U.S. Federal Reserve rate cuts, now expecting 25 basis points of cuts in December 2026 and March 2027, pushing back its previous prediction of cuts in September and December 2026.

According to China's customs data, the country's April trade surplus reached $84.82 billion, exceeding expectations of $83.3 billion and significantly higher than the previous month's $51.13 billion.

According to Golden Ten Futures, China's CFETS-NEX funding sentiment index fell to 45 as of 10:15 on May 11, down 3 points from 08:45. The sub-indices for large banks, mid-sized banks, and non-bank institutions stood at 43, 46, and 45 respectively, each declining 3 points. The index ranges from 0 to

According to media reports, the incoming chair of the U.S. Federal Reserve (Fed), Kevin Warsh, is expected to be confirmed by the U.S. Senate on May 11 and to officially take over as the 17th chair of the Federal Reserve from the current chair Jerome Powell on May 15. Confirmation schedule and position handover According to media reports, Warsh, the Federal Reserve chair candidate nominated by U.S. President Donald Trump, is expected to be confirmed by the Senate on May 11, 2026, and to official

On May 11, the Bank of Japan appointed Kazuhiro Masaki, a monetary policy expert and seasoned central banker, as executive director overseeing the central bank's international affairs. Masaki officially assumed the role on Saturday and will lead the BOJ's research on the global economy while

According to the U.S. Commodity Futures Trading Commission (CFTC), leveraged funds reduced net short yen positions during the week ended May 5 following Japanese authorities' intervention to support the currency. The funds now hold 61,340 yen net short contracts worth approximately $4.9 billion,

The People's Bank of China conducted 500 million yuan in 7-day reverse repo operations today at a rate of 1.40%, unchanged from the previous day. No reverse repo operations matured today.

According to the interbank foreign exchange market, the USD/CNY mid-rate was quoted at 6.8467 on May 11, down 35 basis points as the yuan strengthened. The EUR/CNY rate rose 117 points to 8.0256, while GBP/CNY climbed 171 points to 9.2770. AUD/CNY increased 138 points to 4.9370, and CHF/CNY

The USD/JPY exchange rate reached 157 today, gaining 0.20% during the session.

According to China Foreign Exchange Trade System (CFETS), the RMB exchange rate index fell 0.47 to 99.7 on May 8.