DXY & Forex

According to China Finance 100, offshore Chinese yuan strengthened against the U.S. dollar on May 9, breaking the 6.80 level for the second consecutive day. The move reflects sustained U.S. dollar weakness and China's resilient trade competitiveness, according to Zeng Gang, director of the

According to Bank of America's global research division on May 9, the Federal Reserve will delay interest rate cuts until the second half of 2027, citing elevated inflation and strong employment growth. The bank previously forecast rate cuts in September and October 2026. Economists at BAC stated in

According to Japan's Ministry of Finance, as of end-March 2026, Japan's total government debt reached 1.34 quadrillion yen, up 20.13 trillion yen year-over-year and marking a record high for the 10th consecutive year. Government bonds totaled 1.21 quadrillion yen, with ordinary bonds accounting for

On Friday (May 9), gold prices held steady above $4,600 per ounce, gaining nearly 2% the previous trading day, supported by a sharp U.S. dollar decline following Japan's foreign exchange market intervention. The geopolitical tensions between the U.S. and Iran over the Strait of Hormuz have

Overnight SHIBOR declined 3.1 basis points to 1.2240%, while the 7-day SHIBOR fell 2.7 basis points to 1.3180%. The 3-month SHIBOR edged down 0.3 basis points to 1.4140%.

China's trade surplus in April reached $84.82 billion, surpassing the forecast of $83.3 billion and more than doubling from $51.13 billion in March.

China's central bank conducted a 500 million yuan 7-day reverse repurchase operation today (May 10), with an operating rate of 1.40%, unchanged from the previous operation.

Bank of England (BoE) Governor Andrew Bailey warned on May 9 at a meeting hosted by the Bank of England in the UK that the US and the UK are about to enter a “tug-of-war” phase on stablecoin regulation, and that the UK worries it could face bank-run (run-on) risks if it adopts stablecoins. The Block reported on Bailey’s remarks: “We know what happens if stablecoins are subject to a run—they all come here (to the UK),” suggesting that dollar stablecoins promoted by the GENIUS bill in the US, if b

According to Golden Ten Data, Chicago Federal Reserve President Austan Goolsbee stated on May 9 that all interest rate options, including rate hikes and cuts, remain under consideration. He noted the Fed's policy

According to Nick Timiraos, the Federal Reserve's closely watched communications official, an increasing number of sell-side institutions and Fed observers are withdrawing or postponing rate-cut expectations from their outlooks on May 9. Timiraos noted that roughly half of analysts now expect the Fe

According to Nomura Securities analysts on May 8, if Brent crude oil prices hold near $90 per barrel, the Bank of England could raise rates by 25 basis points in 2026. LSEG data shows markets have fully priced in two consecutive 25-basis-point rate hikes by the BoE before

U.S. consumers' one-year inflation expectations came in at 4.5% in May, falling short of the 4.8% forecast and declining from the prior month's 4.70%, according to University of Michigan data.

According to BlockBeats, Federal Reserve Chair Jerome Powell will step down on May 15 after eight years in office. Powell, who is not an economist by training, navigated the pandemic, a 40-year high in inflation, and an aggressive rate-hiking cycle during his tenure. Powell's early years saw

According to Spanish national television, ECB President Christine Lagarde on May 9 refused to signal whether the central bank will raise rates next month, citing "enormous uncertainty" about the impact of the Iran conflict on inflation. Lagarde stated that policymakers need "more data" to

According to Wall Street Journal, the U.S. dollar index (DXY) has reversed all gains made since the Iran conflict began in late February, as of May 7. Following the conflict's outbreak, investors initially unwound dollar short positions and bet on potential Federal Reserve rate hikes. However,

According to CCTV Finance, offshore Chinese yuan surpassed 6.80 against the U.S. dollar for the second consecutive day on May 9. Shanghai Finance and Development Lab director Zeng Gang noted the move reflects continued U.S. dollar weakness and China's sustained trade competitiveness. The onshore and

According to Gelonghui, the onshore Chinese yuan (CNY) strengthened to 6.8005 against the U.S. dollar at 03:00 Beijing time on May 9, rising 63 pips from Thursday's close. Trading volume reached $41.971

According to Gelonghui, offshore yuan (CNH) rose 116 pips against the U.S. dollar on May 8 (New York close), trading at 6.7971 on Friday morning Beijing time (04:59). The pair traded within a range of 6.8099-6.7955 during the

According to a report by Coinfomania on May 8 citing public information, the “Digital Asset Co-Creation Alliance” (DCC), with blockchain infrastructure company Progmat—an entity under the MUFG (Mitsubishi UFJ Financial Group) financial group—serving as the secretariat, launched working groups in May. The plan is to buy back and bring the market online by the end of 2026. The scale of Japan’s repo market is about $1.6 trillion, accounting for 10% of the global $16 trillion repo market. Consortium