DXY & Forex

The Federal Reserve raised its policy rate by 25 basis points in September, marking the first rate increase since July 2023. The move has prompted market observers to compare the current cycle to March 1997, when the Fed under Alan Greenspan raised rates once to 5.50% and then held—a scenario

According to South Korea's investment banking industry, Vietnam's largest private enterprise Vin Group plans to issue 300-400 billion Korean won in 3-year won-denominated bonds in the domestic market by mid-October. The issuance, structured as an Arirang Bond through private placement with domestic

South Korea's National Pension Service is applying for permission to invest in Indian government bonds through a simplified regulatory process, Reuters reported on the 22nd local time citing two unnamed sources. The world's third-largest pension fund is pursuing approval through relaxed procedures e

According to Reuters, South Korea's National Pension Service (the world's third-largest sovereign fund) is pursuing approval to invest in Indian government bonds on September 22, citing two sources familiar with the matter. The fund is applying through a simplified regulatory pathway established

On September 22 at 4:30 PM, the onshore Chinese yuan closed at 6.7019 against the US dollar, declining 64 pips from the previous trading day.

According to HSBC, the bank's new machine learning model DUSTIN (Directional U.S. Treasury Indicator) predicts lower U.S. Treasury yields over the next month, with a 28% probability of 10-year yield increases. Recent selloffs in the front-end of the yield curve (3-month and 2-year maturities)

According to investment banking industry sources, 36 out of 183 South Korean corporate bonds (about 19%) with demand forecasts issued in January-September 2026 were priced above fair-valued rates assessed by credit analysts. This represents a significant jump from roughly 11% in

According to Yonhapnews, on Sept 22, South Korea's government bond yields showed mixed moves driven by international oil price fluctuations. The 3-year maturity yield closed at 4.040% annually, down 1.6 basis points, while the 10-year yield rose 0.4 basis points to 4.461%. The moves followed a

According to market reports, the Central Bank of Turkey will settle a 1-week Turkish lira buy-back swap auction worth $500 million on September 23.

The won-dollar exchange rate fell 22.8 won to close at 1358.2 won on the 22nd, marking the steepest single-day decline since July 8. The drop was driven by a surge in dollar sales from exporters settling ahead of the Chuseok holiday and large-scale selling by foreign institutions. Despite global dol

US Treasury bonds are drawing investor attention as the 10-year yield approached 5%, closing at 4.963% on September 21 after an 18bp decline from the prior session, according to Investing.com. The 30-year yield stood at 5.28%, down 0.48bp. Analysts highlight that current yield levels offer

According to Investing.com, U.S. 10-year Treasury yields fell to 4.963% on September 21, down 18 basis points from the previous trading day but remaining near the 5% level reached on September 14. The 30-year yield was 5.28%. On September 16, the Federal Reserve raised its benchmark rate to 3.75%-4

The KRW/USD exchange rate fell 22.8 won to 1,358.2 won at 3:30 PM on September 22 in Seoul trading. The decline marked the second consecutive day of significant weakening for the dollar, driven by exporters selling dollars ahead of the Chuseok holiday and renewed risk appetite following

The Dollar Index declined 0.08% to 100.325 as of 2:08 PM in Asian trading, according to Yonhap Infomax. Overnight, Federal Reserve officials delivered hawkish remarks on inflation and monetary policy. Chicago Federal Reserve President Austan Goolsbee stated that strong demand is contributing to

JP Morgan Asset Management's Asia Chief Market Strategist Tai Hui stated on the 22nd that the won-yen exchange rate has entered a new range of 860-880 won per 100 yen, down from the previous 920-960 won range. Speaking at a webinar hosted by the Institute for Global Economics (IGE), Hui attributed t

According to JP Morgan Asset Management, the U.S. dollar is forecast to remain in the range of 150-160 yen on a lasting basis, with the Japanese yen facing sustained weakness despite central bank intervention. The strategist noted that Japanese authorities' market interventions may provide

According to Jin10, major forex options including euro, Australian dollar, and Japanese yen will expire tonight at 22:00 Beijing time (September 22). The expiration involves 4 strikes with notional values exceeding 1 billion each. Risk management is

Self-employed borrowers in South Korea saw their loan delinquency rate reach 1.99% in Q2, approaching the 2% threshold for the first time since June 2015, according to the Bank of Korea's Financial Stability Report released on the 22nd. Among borrowers already delinquent, 80.9% remained in delinquen

According to Yonhapinfomax, SoftBank's 5-year credit default swap rose by 0.62 basis points to 367.27 on September 21, as the company issued $11 billion in junk bonds to fund its OpenAI investment. The CDS level remains near this year's high of 378.46, reached on September 15. SoftBank

According to John Velis, BNY Mellon's Americas macroeconomic strategist, the Federal Reserve is expected to raise rates one more time in December. However, Velis expressed uncertainty about whether the Fed can deliver as many rate hikes in 2027 as currently priced by markets. The effectiveness of