DXY & Forex

According to Yonhap Infomax, the U.S. midterm elections scheduled for November 3 and the October employment report due November 6 are set to drive major moves in bond markets this week. Prediction markets show a 70% probability that Democrats will control both chambers of Congress, which could

According to Reuters columnist Jamie McGeever, on Oct 28, the Federal Reserve held its benchmark interest rate at 3.75%-4.00% despite strong economic growth and elevated inflation, with Fed Chair Kevin Warsh failing to clearly explain the pause. Though Warsh acknowledged that financial conditions ha

On Friday (Oct 30), U.S. 10-year Treasury yields fell 0.80 basis points to close at 4.9289%, dropping 35.60 basis points for the month of October and approaching the Sept 10 low of 4.8245%. The 2-year Treasury yield declined 1.04 basis points to 4.5876%, with October losses of 29.94 basis points.

South Korea's exports surged 93.7% year-over-year in October, exceeding the forecast of 88.6% and up from 83.5% in the previous month.

Insurance subsidiaries of Korean financial holding companies recorded poor results in Q3. Insurance income performed well, but investment income decreased significantly due to rising interest rates, dragging down overall performance. KB Insurance, a subsidiary of KB Financial Group, posted

According to Yonhap Infomax, South Korean financial insurers reported sharply lower net profits in the third quarter of 2026, with investment returns plummeting due to rising interest rates. KB Insurance's cumulative nine-month net profit fell 11.2% year-over-year to 681.1 billion won, while investm

South Korean market analysts project downward pressure on the USD-KRW exchange rate following the US midterm elections scheduled for November 3 (local time), citing reduced uncertainty and interest rate stability as key drivers. Moon Hong-chul, asset strategy team leader at DB Securities, stated

According to analysts at major South Korean investment banks, the U.S. midterm election on Nov 3 is expected to ease policy uncertainties, potentially easing pressure on the dollar and supporting risk-on sentiment. DB Securities strategist Moon Hong-chul noted that resolution of election

Fitch Ratings changed France's sovereign debt outlook from stable to negative on October 30 while maintaining the country's A+ credit rating. The agency warned that government debt could climb from 115.7% of GDP in 2025 to approximately 124% by 2028, according to Reuters, citing weaker economic

According to Fitch Ratings, on October 30, France's sovereign debt outlook was revised to negative while maintaining its A+ credit rating, marking increased risk of a future downgrade. Fitch now projects French public debt to climb from 115.7% of GDP in 2025 to approximately 124%

According to CME FedWatch data as of November 1, markets are pricing a 70.7% probability that the Federal Reserve will raise rates by 25 basis points in December. The probability of maintaining rates unchanged stands at 29.3%.

International credit rating agency Fitch downgraded France's credit outlook from stable to negative on October 30 (local time), citing difficulties in restoring fiscal health. The credit rating was maintained at A+, but the shift to a negative outlook increases the possibility of a future downgrade

According to Fitch, France's credit outlook was downgraded from stable to negative on October 30, citing deteriorating fiscal conditions including slowing growth, rising borrowing costs, and widening deficits since August. The country's credit rating was maintained at A+, but the negative outlook in

According to Reuters columnist Jamie McGeever, on Oct 29, Federal Reserve Chair Kevin Warsh faced criticism for failing to clearly explain the Fed's decision to hold rates steady despite strong economic growth and above-target inflation. The Fed maintained its benchmark rate in the 3.75%-4.00%

Investors moved to safety assets during the week ending Oct. 30, driving 10-year and 2-year Treasury yields lower. The shift followed a steep selloff in artificial intelligence equities and a surge in credit risk premiums. The combination of equity market stress and elevated credit concerns

Dallas Federal Reserve President Loretta Logan said on October 31 that the Fed needs at least two more rate hikes of 25 basis points each, totaling 50 basis points, followed by a pause to reassess economic and financial conditions. Logan voted with the 10-2 majority to maintain the federal funds

Samsung Electronics and SK Hynix announced strong third-quarter earnings and long-term supply contract guidance for 2027-2028. Citibank economist Kim Jin-wook cited these developments on October 31st as factors supporting Korean won strength. In a report issued that day, Kim stated that

Fitch confirmed France's A+ rating and adjusted its outlook to negative on Friday evening (Oct 31), citing deteriorating conditions since its August assessment. The agency cited weaker growth, higher borrowing costs, larger deficits, and political fragmentation as factors eroding debt dynamics and c

As of Friday's close on October 30, the U.S. 10-year benchmark Treasury yield fell 0.8 basis points to 4.9289%, with intraday lows near 4.8898% approaching the September 10 bottom of 4.8245%. The yield declined 35.60 basis points for the month and 6.56 basis points for the week, trading within a 5.3

Offshore yuan (CNH) closed at 6.6525 against the U.S. dollar on Friday (October 30) New York session, up 44 pips from Thursday's close. Trading ranged between 6.6585 and 6.6496 during the day. In October, the CNH accumulated gains of approximately 560 pips, or 0.84%, rising steadily from 6.7222 to