DXY & Forex

According to Yonhap Infomax, on July 13, South Korea's credit spreads (credit spreads over benchmark rates) reached record highs, but short-term buying demand has begun to emerge as market participants expect the central bank to limit the number of interest rate hikes in this cycle to around four.

The Seoul bond market is forecast to weaken on July 13 as investors digest a 2.8 trillion won 10-year treasury auction amid heightened geopolitical risks in the Middle East. The US Central Command announced additional airstrikes in the Hormuz Strait at 6am Korean time on the 13th, targeting

According to Bloomberg, OTP Bank, Hungary's largest commercial bank, is considering issuing three-year panda bonds worth approximately 10 billion to 15 billion yuan.

According to the China Foreign Exchange Trade System (CFETS), the yuan exchange rate index fell 0.3 points to 102.35 on a weekly basis on July 10.

According to Newsis, SK Hynix surged over 5% on its Nasdaq ADR listing on July 13, while the broader KOSPI index fell 4.5% in early trading. The KOSDAQ, by contrast, rose approximately 3%. The USD/KRW exchange rate stood at 1502.30.

According to BlockBeats, U.S. military operations against Iran on July 13 triggered a spike in international crude oil prices and elevated U.S. Treasury yields, while escalating uncertainty in the Strait of Hormuz. The surge in oil prices bolstered inflation expectations, prompting markets to

Korean banks and policy financial institutions face diverging incentives two weeks into administrative guidance requiring the transition of floating rate note (FRN) reference rates from certificate of deposit (CD) rates to the Korea Overnight Financing Repo Rate (KOFR). Banks benefit from lower

According to Thai local media, Thailand will require individuals to verify the source of cash deposits exceeding 5 million baht (approximately $150,000), effective July 13. The measure expands commercial banks' compliance responsibilities across cash networks, currency exchanges, precious metals

According to Yonhapinfomax citing Financial Supervisory Service data, two weeks into the July 13 regulatory guidance requiring South Korean banks to convert floating-rate notes (FRNs) from CD-based to KOFR (Korea Risk-Free Rate) benchmarks, banks have converted 15.29 trillion won

Korea Investment & Securities warned on the 13th of potential sharp won appreciation despite the ongoing rise in the USD/KRW exchange rate, citing an abnormal divergence where the foreign currency funding market shows dollar surplus while the FX market exhibits dollar shortage. Analyst Moon

According to Korea Investment & Securities, the won-to-dollar exchange rate reached 1,501.4 won on July 10 amid a broader market rally, but researchers warn of a sharp reversal risk. The analysis notes an unusual divergence: the foreign currency funding market shows abundant dollar supply with

This week, China's central bank public market operations have 62 billion yuan in 7-day reverse repurchase agreements maturing, with amounts scheduled at 7 billion yuan on Monday, 10 billion yuan on Tuesday, 15 billion yuan on Wednesday, 10 billion yuan on Thursday, and 20 billion yuan on Friday.

According to Jin10, the platform will release its currency pair performance outlook for Monday, July 13, 2026.

According to CME's Fed Watch tool, as of July 13, the Federal Reserve has a 62.1% probability of maintaining interest rates unchanged in July, with a 37.9% chance of a 25 basis point rate hike. Through September, the probability of maintaining rates stands at 26.4%, while a cumulative 25 basis poin

According to Bank of America Chief Investment Strategist Michael Hartnett, the current market consensus—that the U.S. economy will avoid a hard landing, the Fed will not raise rates, AI capital spending will remain robust, and Democrats will underperform in midterm elections—represents rare

According to credit card industry data, South Korean card loan advances in the first quarter of 2026 rose approximately 2% year-over-year to 10.65 trillion won. However, related earnings fell 1.2% to 1.31 trillion won, while average interest rates dropped 1.14 percentage points to

According to Fox Business, a crypto reporter highlighted on X that key economic data, Federal Reserve remarks, and updates on the Clarity Act status will dominate this week. Markets will closely monitor CPI and PPI inflation readings, which could influence expectations for the Fed's next interest ra