DXY & Forex

Track the US Dollar Index (DXY) and major currency pairs to analyze how dollar strength, liquidity expectations, and interest rate spreads impact BTC, stablecoins, and global crypto pricing.
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Fed Goolsbee: Inflation data is “bad news,” warning that PCE at 3.5% is too high

Chicago Fed President Goolsbee said that last week’s inflation data is bad news for the Fed, and that it must remain cautious about cutting rates until inflation clearly cools. Core PCE rose 3.5% year over year in March, far above the 2% target, and inflation dynamics are not only being driven by oil prices—services are also lifting the numbers, making the pressure more widespread. The end-of-May and June meetings will influence the timing and the dot plot for rate cuts.
ChainNewsAbmedia·05-03 06:05

UAE Exits OPEC, Signals Shift in Petrodollar System

The United Arab Emirates formally withdrew from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ mechanism on May 1 (local time), according to reports. The move is viewed as a landmark event in which Middle Eastern oil-producing nations are reassessing security, market
CryptoFrontier·05-02 09:41

U.S. Dollar Index Rises 0.11% on May 1, Closes at 98.157

On May 1, the U.S. Dollar Index, which measures the dollar against six major currencies, rose 0.11% and closed at 98.157 in New York forex trading. The euro weakened to 1.1731 against the dollar from 1.1729, while the pound strengthened to 1.3589 from 1.3583. The dollar gained against the yen, tradi
GateNews·05-01 19:41

A turning point in the Middle East situation: Oil prices fall while Bitcoin rises, and U.S. stocks hit new highs

Iran notifies Gulf countries of its position on ending the war; oil prices plunge sharply, Bitcoin and gold jump in the short term, and U.S. stocks set fresh highs again. This article provides an in-depth breakdown of how geopolitical risk mitigation mechanisms transmit across different asset classes.
BTC-0.17%
ETH-0.91%
GateInstantTrends·05-01 15:28
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Warsh Takes Over as Fed Chair in June; Bitcoin Faces Historical Correction Cycle, But Easing Liquidity May Support Rally

According to market expectations and recent statements, Kevin Warsh will take over as US Federal Reserve chairman in June, replacing Jerome Powell. Historical data shows Bitcoin typically experiences a price correction lasting several months after a new Fed chair takes office, followed by a stronger
BTC-0.17%
GateNews·05-01 13:24