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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Gold Holds Above $4,600 as Dollar Weakens on Japan FX Intervention

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
GateNews·1u geleden

Federal Reserve Chair Powell Steps Down on May 15 After 8 Years in Office

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
GateNews·16u geleden

U.S. Dollar Index Reverses All Gains Since Iran Conflict Began

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,
GateNews·23u geleden

Offshore CNY Breaks 6.80 Against USD for Second Consecutive Day

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
GateNews·23u geleden

Bank of America Delays Fed Rate Cut Forecast to Second Half of 2027

According to Bank of America's Global Research division on May 8, the Federal Reserve will postpone interest rate cuts until the second half of 2027, citing elevated inflation and strong employment growth. BAC previously forecast two rate cuts in September and October 2026, but has now reversed
GateNews·05-09 05:31