DXY & Forex

Short-term foreign exchange (FX) swap points declined on July 6, while mid-to-long term tenors closed flat. The decline reversed a late-June surge driven by quarter-end won liquidity imbalances that pushed overnight swap points as high as +1.10 won. Market participants attributed the downward

According to Yonhap Infomax, on July 6, South Korea's foreign exchange swap points declined in short-term tenors while mid-to-long-term rates held steady. The 1-year swap point closed at -14.60 won, the 6-month at -7.40 won, and the 3-month at -3.50 won. Overnight and tomorrow-next rates both

Eurozone producer prices rose 5.9% year-over-year in May, up from 4.9% in the prior month. The increase in the Producer Price Index reflects elevated inflationary pressures across the currency bloc.

Eurozone retail sales rose 1.6% year-over-year in May, matching expectations and up from 1% growth in the prior month.

According to Eurostat, eurozone retail sales grew 0.2% month-on-month in May, falling short of the consensus forecast of 0.3% and marking an improvement from April's 0.4% decline.

According to Yonhap Infomax, Japan's Nikkei 225 index fell 0.01% to 69,737.69 on July 6, amid profit-taking in artificial intelligence and semiconductor stocks. The Topix index rose 0.92% to 7,101.96. Ibiden dropped over 8%, while SoftBank Group and Kioxia declined 3% and 2% respectively, leading

Onshore yuan closed at 6.7925 against the U.S. dollar on July 6 at 4:30 p.m., down 121 basis points from the previous trading day.

According to Jin10 data, China's central bank opened 1 trillion yuan in outright reverse repurchase operations on July 6, with a three-month maturity. The move aims to support liquidity in the interbank market as mid-year financial demand remains

Korean government bond futures reversed to decline in afternoon trading on July 6, led by long-term maturities. The 10-year bond futures dropped 3 ticks to 106.22 while 3-year futures remained flat at 103.06 as of 2:48 PM. The reversal followed rising Japanese government bond yields, with Japan's 10

According to Yonhap News, South Korea's 10-year government bond futures fell 3 basis points to 106.22 on July 6 afternoon, with the benchmark 10-year bond yield rising 0.8bp to 4.203%. The selloff in long-term bonds was attributed to a rise in Japanese 10-year bond yields to 2.8175%, up 3.93bp, as a

According to Jin10, Yamawaki Tatsuo, a former Japanese Finance Ministry official and ex-FX policy chief, said on Monday that the yen should appreciate to around 130 per dollar from current levels, representing an upside of up to 20%. Yamawaki suggested that current estimates of a 10%

The Seoul Foreign Exchange Market Operating Council revised the Seoul foreign exchange market code of conduct on the 6th, marking the first amendment in two years. The revision responds to the KRW-USD spot market's transition to a

Goldman Sachs raised its USD/JPY exchange rate forecasts on the 5th (local time) according to CNBC, projecting 162 yen in three months, 163 yen in six months, and 165 yen in twelve months—up from previous estimates of 160, 158, and 155 yen respectively.

According to the Seoul Forex Market Operations Council, the Code of Conduct for Seoul's foreign exchange market was revised on July 6 for the first time in two years. The revision reflects the transition to round-the-clock trading of KRW-USD pairs. Trading hours under the revised Article 38 will

According to CNBC, Goldman Sachs raised its dollar-to-yen exchange rate forecasts on July 5, projecting 162 yen in three months, 163 yen in six months, and 165 yen in 12 months—up from previous estimates of 160, 158, and 155 yen respectively. The bank cited sustained high U.S. Treasury yields, low r

South Korea's Financial Supervisory Service issued an investor advisory warning that government bonds and other low-risk-rated bonds can incur losses if sold before maturity, urging caution with long-term bond investments. The regulator highlighted that 30-year maturity bonds could face

Switzerland's seasonally adjusted unemployment rate remained at 3.1% in June, unchanged from the previous month.

Switzerland's seasonally adjusted jobless rate came in at 3.1% in June, matching economists' expectations of 3.10% and holding steady from the prior month's 3.10%.

According to Sumitomo Mitsui DS Asset Management strategist Masahiro Ichikawa, Japan's 10-year government bond yield could reach 3% by year-end as the economy maintains steady growth. The yield was most recently at 2.830%, up 6 basis

According to a Reuters survey, 22 of 28 economists expect the Reserve Bank of New Zealand (RBNZ) to raise its official cash rate by 25 basis points on July 8. Among 26 surveyed economists, 14 predicted a further 25bp increase before end-September, bringing the final rate to 2.75%.