US Dollar: 1. The US Treasury maintained its quarterly refinancing program unchanged. 2. US January ADP employment figures fell short of expectations. 3. The Federal Reserve decided to maintain capital requirements for large banks unchanged until

2026-02-05

US Dollar: 1. The US Treasury maintained its quarterly refinancing program unchanged. 2. US January ADP employment figures fell short of expectations. 3. The Federal Reserve decided to maintain capital requirements for large banks unchanged until 2026 and plans to push for stress test reforms. 4. A Reuters poll showed that 39 out of 50 foreign exchange strategists said dollar positioning would remain stable or increase net short positions by the end of February. Other: 1. The Polish central bank reiterated its possibility of intervention in the foreign exchange market. 2. The Swedish central bank's meeting minutes indicated that interest rates may remain unchanged this year. 3. The People's Bank of China injected a net 64.5 billion yuan through reverse repurchase operations. 4. The Philippine central bank: expects the monetary policy easing cycle to end soon. 5. A Reuters poll showed the euro would trade at 1.20 against the dollar in six months and 1.21 in one year (compared to 1.19 and 1.20 in January). 6. A Reuters poll predicts the Mexican peso will depreciate 6.3% to 18.38 against the dollar within 12 months (up from 18.55 in the January poll). The Chilean peso is projected to depreciate 1.8% to 876.90 against the dollar within 12 months (up from 900.0 in the January poll).