DXY & Forex

CME FedWatch shows a 100% probability of no rate change in April, with zero chance of a 25 bp hike; by June a 1.7% chance of a 25 bp cut and a 98.3% likelihood rates stay flat.

Gate News: According to the latest Gate TradFi data, CHFZAR (Swiss Franc vs South Africa Rand) has dropped by 0.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Gate News message, April 21 — US stock futures climbed today after President Donald Trump announced an extension of the ceasefire agreement with Iran until negotiations conclude. S&P 500 (U.S. benchmark equity index) futures contracts gained 0.4% in early trading, while oil held a two-day advance.

Gate News message, April 22 — Kevin Warsh, the nominated chair of the Federal Reserve, called for significant policy reforms during his confirmation hearing on April 21, stating that the Fed needs to change its policy execution framework. The proposed reforms include a new inflation target framework

Abstract: In a Gate News message on April 21, Federal Reserve Governor Christopher Waller argued that the traditional incremental approach to operating the Fed's regional banks is inadequate for current conditions, signaling a potential overhaul of the central bank's operating structure. Summary: Waller says the Fed’s traditional incremental mode for operating regional banks is inadequate for the current environment, signaling a need to overhaul the central bank’s operating framework.

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.

Abstract: The U.S. Dollar Index rose to 98.52 intraday, while non-dollar currencies weakened; EUR/USD and AUD/USD fell more than 0.5%, and USD/CHF and USD/JPY rose more than 0.5%. Summary: DXY climbed to 98.52 intraday as most major pairs weakened; EUR/USD and AUD/USD fell over 0.5%, while USD/CHF and USD/JPY rose over 0.5%.

Gate News message, April 21 — On Tuesday, Donald Trump said he would be disappointed if Kevin Warsh, his nominee for Federal Reserve chair, takes office following Senate approval but does not cut interest rates as soon as next month. The central bank has not cut rates in 2026. Trump also pressured W

Gate News message, April 21 — Barr, the nominee for U.S. Federal Reserve chairman, stated that specific figures for the balance sheet size have not yet been determined.

Waller says the economy is near full employment, favors rate cuts as the main policy tool, and sees balance-sheet reduction as counterproductive, advocating a gradual approach ahead of confirmation. Abstract: In his remarks, Fed chair-nominee Christopher Waller argues the economy is near full employment and that interest rate cuts should be the primary policy tool, with rate adjustments benefiting more people. He notes that reducing the Fed's balance sheet has been counterproductive and should proceed gradually, signaling a priority shift toward rate policy ahead of potential confirmation.

Gate News message, April 21 — Bessent, the nominee for Federal Reserve chair, stated he will operate independently from President Trump. He expressed uncertainty about Trump's reasons for selecting him, noting that after divesting assets, he plans to reallocate funds into compliant assets as close a

Gate News message, April 21 — Gold prices fell to $4,770.90 per troy ounce with a daily decline of 1.03%, while silver dropped to $78.333 per troy ounce, down 1.71% for the day. Bitcoin volatility index (BVIX) rose to 44.23, up 1.12%, and Ethereum volatility index (EVIX) climbed to 68.40, gaining 1.

Gate News message, April 21 — U.S. President Donald Trump stated that "the United States should always maintain the lowest global interest rates." Trump noted that interest rate adjustments have played a role in addressing inflation concerns.

Warsh argues for Fed independence while tolerating political discussion of rates; warns against climate/social-policy overreach and notes his tech ties could favor a tech-influenced policy shift. Abstract: The article reports Kevin Warsh's Senate testimony after his nomination to chair the Federal Reserve, defending operational independence while allowing elected officials to voice views on rates. He emphasizes inflation as the primary objective and critiques Fed incursions into climate change and social policy. It also notes Warsh's Silicon Valley connections and wealth, suggesting a tech-forward perspective could influence future monetary policy as technology reshapes costs and policy considerations.

Gate News message, April 21 — The Bank of Japan warned in its semi-annual Financial System Report that offshore hedge funds are gaining influence in Japan's bond market, flagging the risk that global deleveraging by foreign hedge funds could transmit shocks to the market through reduced liquidity an

Gate News message, April 21 — Fitch Ratings downgraded the Philippines' credit outlook to negative from stable on Monday, April 20, while affirming its "BBB" credit rating. The negative outlook places the rating at risk of a cut within the next 18 to 24 months. Fitch cited two main drivers for the

Gate News message, April 21 — Kevin Warsh, President Trump's nominee for the next Federal Reserve chair, made significant remarks ahead of his Senate Banking Committee confirmation hearing on April 21. In testimony released on April 20, Warsh emphasized that the Fed's monetary policy independence is

Summary: BoJ is likely to hold at 0.75% on April 28 while signaling future rate hikes if conditions permit; June action remains possible, with some officials leaning toward a near-term move amid inflation risks from geopolitical shocks and a higher forecast. Abstract: The Bank of Japan is expected to keep its policy rate at 0.75% at the April 28 meeting, signaling eventual hikes as conditions permit; discussion centers on timing and a potential June move, in light of geopolitical tensions and an updated inflation outlook.

Hong Kong is unveiling its first five-year development plan to enhance its RMB business and wealth management hub status. Legislative reforms will improve liquidity and competitiveness, as Hong Kong seeks to strengthen its role in global finance amidst changing geopolitical dynamics.

Gate News: According to the latest Gate TradFi data, NZDCHF (NZD/CHF) has surged by 0.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.