U.S. Dollar Index $DXY jumps to highest level since April 2025
Source: Barchart
DXY keeps squeezing higher, catching many off guard.
The index is breaking above the top of its broad range, while the longer-term moving averages are starting to turn up. The breakout puts 101.50 in focus. Source: TME, LSEG
The Turkish lira hit a new all time low against USD almost daily over past year, 219 out of 260 trading days.
Source: Bull Theory
Japan's currency defense just triggered the largest monthly drop in its FX reserves EVER:
Japan's foreign currency reserves plunged -$94.6 billion, or -8.7%, in August, the largest monthly drop in history, to $995 billion, driven by the Ministry of Finance's intervention to support the Yen. Over the 4 months from May through August, spanning multiple rounds of intervention, reserves have fallen a combined -$174 billion, or -14.9%. Most of this decline came from securities holdings, mostly US Treasuries, which dropped -$87.8 billion in August alone, to $840 billion, while foreign currency deposits fell a smaller -$6.9 billion, to $155 billion. No wonder the US is getting more involved in Japan's currency policy. Source: Global Markets Investor
There is a record $8.29 trillion in money market funds right now.
Source: Koyfin
Short positions on the Japanese Yen remain near the largest in history
Source: Bloomberg, Barchart
Chinese yuan officially surges to its STRONGEST level against the U.S. dollar, since early 2023.
Nearly 10% in 20 months. More than +4% this year alone. Three forces are driving the surge despite efforts to slow it: - China’s massive trade surplus is driving demand for yuan - Exporters are converting dollar earnings into yuan, adding more pressure - A weaker U.S. dollar has amplified the move Beijing is already leaning against the rally. The PBOC has repeatedly set its fixing weaker than markets expect, while state banks have reportedly bought dollars to limit further gains. Source: coinbureau
Japanese Yen hits strongest level against the U.S. Dollar since February
Source: Barchart
