DXY & Forex

According to Yonhapinfomax, on July 21, South Korea's 3-year government bond benchmark yield surged to 3.916% intraday, approaching 4% for the first time in approximately 2 years and 8 months. The last time the yield touched 4% was November 1, 2023, when it closed at 4.073%. Global investment

According to Yonhap Infomax, the dollar-won exchange rate fell below 1,480 won on July 21, marking the fifth consecutive day of decline. SK Hynix has begun converting 26.5 billion dollars raised through its ADR listing into Korean won for domestic investment. Market participants cited the company's

Seoul foreign exchange dealers expect range-bound trading in the USD/KRW pair on the 21st as geopolitical uncertainty collides with dollar-selling supply dominance. Pro-Iranian Yemen Houthi rebels declared a Red Sea blockade targeting Saudi Arabia, pushing international oil prices higher and

South Korean banks issued 91-day certificates of deposit at 2.91% on July 20, showing minimal response to the Bank of Korea's 25 basis point base rate increase to 2.75% announced last week. Kookmin Bank issued 200 billion won and Hana Bank issued 315 billion won at the same rate, according to data f

According to Yonhapinfomax on July 21, South Korea's 91-day CD rates remained flat at 2.91% despite the central bank raising its benchmark rate by 25 basis points to 2.75% the previous week. Kookmin Bank and Hana Bank both issued CDs at this rate on July 20, showing minimal market response to the ra

According to Seoul foreign exchange dealers on July 21, the USD/KRW exchange rate is expected to trade in a range of 1,472.00–1,485.00 won, pressured by diverging forces: mounting Middle East tensions support dollar strength, while active dollar selling flows from exporters' hedging and SK Hynix's $

Bitcoin (BTC) is decoupling from U.S. tech stocks and continues to rise, temporarily around $65,500 as of July 21. U.S. President Trump did not sign the ethics provisions, and negotiations on the CLARITY Act have hit a stalemate. Grayscale has filed a registration statement for a Grayscale Worldcoin ETF with the U.S. Securities and Exchange Commission (SEC). Macro Events & Crypto Market Hotspots 1、According to The Block, last week, Sichuan普 President and Republican senators Bernie Moreno and Cyn

According to Jin10, the People's Bank of China conducted 253 billion yuan in 7-day reverse repos today (July 21). With 236.5 billion yuan maturing, the operation resulted in a net injection of 16.5 billion yuan into the money

On July 21, China's interbank foreign exchange market set the yuan's midpoint rate against the dollar at 6.7917, down 31 points from the previous day as the yuan appreciated. The euro/yuan rate was set at 7.7418, down 152 points, while the British pound/yuan fell 179 points to 9.1083. The Canadian d

South Korean bond markets maintained a cautious stance on July 21, closely monitoring Middle East-related headlines as Houthi rebels declared a maritime blockade against Saudi Arabia. The market weakness centered on short- to medium-term bonds, driven by heightened inflation concerns and

According to CNBC on July 20, Jamie Dimon, CEO of JPMorgan Chase, stated he would not buy stocks or long-term U.S. Treasuries at current prices. Dimon expressed concern that investors are underestimating global economic risks, signaling skepticism about valuation levels across major asset

According to Jin10 Futures, the CFETS-NEX Chinese yuan funding sentiment index reported 49 as of 08:45 on July 21, up 2 points from 16:00 on July 20. Among institutional segments, large banks posted 48 (up 2 points), mid-size banks reached 50 (up 1 point), and non-bank institutions recorded 48 (up 2

Korean retail investors purchased $1.9477 billion in US stocks from January 1 to 17, according to Korea Securities Depository data released on January 21. This represents a more than threefold increase from the previous month's net purchases of $632.95 million. The shift occurred as KOSPI dropped fr

According to Securities Daily, since early July, multiple banks have raised U.S. dollar fixed-deposit rates, with some products reaching 4% annualized yield. Chinese banks initiated the increases, followed by foreign banks seeking to attract dollar deposits and boost their marketing

According to CITIC's research report, since June, as semiconductor stocks began adjusting, global markets have entered a "mid-season break" consolidation phase following a steep rally. The firm expects continued market adjustments in Q3, driven by monetary policy uncertainty, surging financing

The won-dollar exchange rate fell to the 1470 won range following a peak of 1560 won on the 1st, with analysts attributing the decline to SK Hynix's American Depositary Receipt (ADR) listing on Nasdaq. According to financial investment industry sources on the 21st, KB Securities researcher Oh

According to Korea Economic TV, SK Hynix listed its American Depositary Receipt (ADR) on the Nasdaq on July 21, raising approximately $26.5 billion. The offering has coincided with a significant strengthening of the South Korean won against the

According to U.S. officials, the Trump administration announced it will impose 50% tariffs on certain Canadian goods including dairy, hockey sticks, and cement, effective in 30 days under Section 338 of the 1930 Tariff Act. Energy, potash, fish products, and critical minerals are exempt, as are good

According to Yonhapinfomax, South Korea's 3-year government bond futures rose 3 ticks to 102.79 overnight on July 21, while 10-year bonds fell 4 ticks to 105.01. U.S. Treasury yields climbed sharply, with 10-year and 30-year rates up 4.40 basis points and 4.20 basis points respectively from the

IBK Investment & Securities released a report on the 21st analyzing foreign investor selling patterns in Korean stocks, concluding that while short-term oversold conditions suggest a potential rebound by late July, medium to long-term structural risks could trigger renewed selling pressure during an