DXY & Forex

According to Yonhapinfomax, on October 12, the USD/KRW exchange rate hit a 2-year low of 1,333.20 won during morning trading, driven by strong export performance and dollar selling pressure. The currency briefly reached 1,333.20 won at 9:56 a.m., marking its lowest level since October 4,

According to BlockBeats, on October 12, global bond market selloff pushed implied rate hike expectations across eight major economies down 178 basis points to 539 basis points from September's 717 basis points peak. Long-term bond yields rose, with the U.S. 10-year Treasury term premium climbing to

According to Yonhapinfomax, on October 12, Bank of Korea Governor Shin Hyun-song emphasized the need to preemptively control core inflation during a parliamentary audit, noting that core inflation remains significantly above the central bank's target. Shin cited rapid nominal GDP growth of 26.4%

According to Jin10, on Monday Oct 12, offshore Chinese yuan bank lending rates (CNHHIBOR) showed mixed movement across tenors. The one-year rate rose to 1.77470%, marking its highest level since March 31.

Bank of America reported that yen depreciation from Q2 2025 to Q2 2026 occurred entirely during London and New York trading sessions, contrasting with Tokyo hours where the currency remained stable. The divergence stemmed from foreign investors selling yen to hedge Japanese equity positions amid

Andrew Sheets, Morgan Stanley's Global Fixed Income Research Head, stated on a podcast on the 9th (local time) that stress is building in credit markets, particularly in low-grade segments, even as the global economy continues to show resilience amid rising interest rates. Sheets explained that

According to Bank of America in a recent report shared on investing.com on October 11, Japanese yen depreciation from Q2 2025 to Q2 2026 concentrated in London and New York trading hours rather than Tokyo sessions. During Tokyo trading hours, Japan's improved balance of payments stabilized the yen's

According to BlockBeats, global markets this week (Oct 12) will focus on U.S. September CPI data to assess whether the Federal Reserve maintains its non-consecutive rate hike stance. Market pricing has dropped the odds of an October 28 rate hike to approximately 19%, while December rate hikes are no

According to Yonhapinfomax, Bank of Korea Governor Shin Hyun-song said on October 12 that inflation would exceed the central bank's target level for an extended period due to sustained cost pressures and growing demand-side pressures. Shin also highlighted ongoing financial stability risks, citing c

According to Changer's chief economist Jonathan Carnes, the Reserve Bank of Australia faces a 50-50 decision on whether to raise rates in November, with employment data released Thursday and Q3 inflation figures due October 30 to provide clearer guidance. Carnes, a former senior manager at the

Overnight SHIBOR reported at 1.2960% on October 12, down 1.7 basis points. The 7-day rate stood at 1.3460%, up 0.5 basis points, while the 3-month SHIBOR remained flat at 1.4300%.

Mitsubishi UFJ Financial Group (MUFG) issued a report on the 9th (local time) stating that US long-term Treasury yields may have risen to excessively high levels, citing strong demand at the recent 30-year Treasury auction as evidence that rates could be forming a near-term peak. The analysis

According to Mitsubishi UFJ Financial Group (MUFG), on October 9, the Japanese financial institution warned that recent U.S. long-term Treasury yield increases may have pushed rates to excessively high levels. MUFG noted strong demand at recent 30-year U.S. Treasury auctions, suggesting yields may b

The South Korean won strengthened to its highest level in nearly two years on October 11, with the dollar-won rate falling 0.8% intraday to 1,333.30 won. The won's advance was driven by lower global oil prices that weakened the dollar broadly and dollar sales from domestic exporters, particularly

According to a Reuters report dated Oct. 12, Tencent plans to issue notes under its global medium-term note program and will provide potential investors with updated corporate and financial information; the term sheet seen by Reuters shows that the proposed offering includes senior unsecured notes denominated in USD and offshore Yuan. Potential maturities include 10-year and 20-year USD bonds, as well as 10-year and 30-year offshore Yuan bonds; the specific offering plan will depend on market co

Bank of Korea Governor Rhee Chang-yong defended the August preemptive rate hike at a parliamentary audit on Oct. 12. Rhee stated the August rate increase preceded the Federal Reserve's September hike and helped stabilize financial markets while reducing future economic costs. The testimony

According to Jin10, on October 12, India's central bank introduced its strongest rupee support measures since the 2013 taper tantrum, including a special window for state-owned oil enterprises to meet dollar demand and reserve requirements on certain forex derivative transactions. In early Asia

According to Jin10, Korean won surged to its highest level in two years on October 12, reaching 1,333.30 per dollar, driven by declining international oil prices and South Korean exporters selling dollars. The currency rose 0.8% intraday before gains narrowed to 0.5%. Min Gyeong-won, economist at

Investor attention is rapidly shifting to Italy amid Europe's fiscal burden highlighted by France's recent debt crisis, CNBC reported on the 11th. Goldman Sachs Chief Europe Economist Filippo Taddei forecasts Italy's debt-to-GDP ratio will rise until 2028 then stabilize around 137% due to

According to Nomura Securities analyst Nakazawa Naka on October 12, rising interest rates in the United States and Europe, combined with credit risk concerns, have significantly reduced bond investors' risk appetite. While investors may continue to bet on higher Japanese bond yields, they are