JPMorgan Private Bank macro investment strategist Patrick Ernst said the European Central Bank’s expected 25-basis-point rate hike is likely to have only a limited effect on the euro against the U.S. dollar. Ernst said the dollar may still remain the dominant force in the market. He also noted that if U.S. Consumer Price Index data comes in above expectations, the euro’s recent upward momentum against the dollar could weaken. U.S. August CPI data is scheduled for release on Friday. The comments were reported by ChainCatcher in a brief market update focused on macro developments affecting currency markets.

BTCC has launched BTCC TradFi, letting users trade forex, commodities, indices and U.S. equities with USDT as margin and settlement. The initial rollout covers more than 25 instruments across five asset classes.

BingX has introduced BingX TradFi, adding futures access to commodities, forex, stocks, and indices on its platform, with more than 50 underlying assets and leverage of up to 500x.

The US Dollar Index edged up to 98.063 on May 8, while major currency pairs posted mixed performance. The euro gained slightly, sterling slipped, and the dollar strengthened against the yen and Swedish krona.

BitMEX research reveals TradFi perpetual swap volume surged from $525.8M to $30.7B weekly in Q1 2026, with commodity perps growing +65,463% after Binance launched gold and silver contracts. Bitcoin ETFs extend outflows.

BitMEX research shows TradFi perpetual swap weekly volume surged from $525.8M to $30.7B in Q1 2026, with commodity perps growing 65,463% as Binance, Hyperliquid and BitMEX compete for market share. Weekend trading mechanics create arbitrage opportunities.

BitMEX research says TradFi perpetual swaps surged in Q1 2026, with weekly volume rising to $30.7 billion. Commodity perps, led by gold, silver, and oil, reached $25 billion and became a major new segment in crypto derivatives.

BitMEX research says TradFi perpetual swaps surged in Q1 2026, with commodity contracts reaching $25 billion in weekly volume and total weekly TradFi perp volume climbing to $30.7 billion.