DXY & Forex

South Korea's pension fund investment pool recorded a monthly return of -2.89% in July, marking its worst performance this year. The decline was driven by AI bubble concerns and rising US Treasury yields that triggered volatility across global financial markets. The year-to-date return fell

According to the Planning and Budget Ministry, Korea's pension fund investment pool posted a monthly return of -2.89% in July, marking the year's lowest performance. Year-to-date cumulative returns declined sharply from 8.09% in June to 4.97%, as most asset classes except money market funds and

Russia released September CPI figures showing month-over-month inflation of 0.35%, exceeding the forecast of 0.30%. Year-over-year CPI rose 6.35%, also surpassing the expected 6.30%. Core CPI increased 0.49% month-over-month and 5.47% year-over-year.

On Friday, October 9, in late European trading, the UK 10-year gilt yield declined 3.8 basis points to 5.442%, marking a weekly gain of 7.6 basis points after falling to 5.347% on October 6 and rising to 5.521% on October 8. The 2-year gilt yield fell 2.4 basis points to 4.890%, with a weekly gain o

US Treasury bond yields rose on the morning of October 9 (US Eastern Time), led by short-term maturities, creating a bear flattening pattern in the yield curve. The 10-year Treasury yield increased 1.00 basis point to 5.243% as of 8:55 AM, while the policy-sensitive 2-year yield climbed 3.20 basis p

According to Yonhap Infomax, on October 9 (U.S. Eastern Time), U.S. Treasury yields rose across the curve, with the 10-year yield up 1 basis point to 5.243% and the 2-year yield rising 3.20 basis points to 4.785%. The 10-2 spread narrowed to 45.8 basis points from 48 basis points the previous day, r

India's Finance Minister Nirmala Sitharaman met Singapore's Foreign Minister Vivian Balakrishnan in Singapore today to strengthen bilateral investment ties and explore economic cooperation in emerging technologies. The meeting aimed to enhance collaboration between the two nations, with

AvaTrade agreed to acquire the majority of FXCM Group's business and brand, announced Friday, October 9, as Jefferies Financial Group reduces its exposure to the brokerage it rescued more than a decade ago. The transaction accelerates the break-up of one of retail forex trading's longest-running bro

AvaTrade agreed on Friday, October 9 to acquire the majority of FXCM Group's business and brand as Jefferies Financial Group reduces its exposure to the forex brokerage it acquired in 2023. The transaction, announced three days after Trade Nation agreed to buy FXCM's UK client book, will transfer

According to New York Federal Reserve data, SOFR (Secured Overnight Financing Rate) fell to 3.87% on October 8, down from 3.88% the previous day. The effective federal funds rate remained flat at 3.88%.

According to the Financial Times, Germany announced on October 9 it will withdraw from competition for the next European Central Bank presidency and instead focus on retaining an Executive Board seat. German Finance Minister informed other eurozone counterparts Thursday that Berlin will soon

According to UBS economists, French fiscal concerns reflected in debt spreads versus German bonds have eased on October 9, as the French government and Marine Le Pen's National Rally respond to market pressure with stronger fiscal discipline. The deficit reduction target, while representing the gove

French and Italian government bond spreads are expected to narrow this week following a sharp rise in late September, as investors await further developments before demanding higher compensation for fiscal and political risks. The spread between French and German bonds, which jumped 34 basis

According to ING strategists, Italian government bonds led a rally in eurozone government debt spreads on Thursday (October 8), as the market responded to Prime Minister Giorgia Meloni's electoral reform securing a final parliamentary vote. The reform grants additional parliamentary seats to

According to KPMG economist Daniel Hyun, Canada's employment declined for a second consecutive month on September data, complicating the central bank's policy outlook. Despite the weak jobs data, KPMG still expects the Bank of Canada to raise rates by 25 basis points in December, citing persistent i

Statistics Canada reported on October 9 (local time) that Canadian employment fell by 68,000 in September, sharply missing market expectations of a 7,000 increase. The decline marked the second consecutive monthly decrease following a 42,000 drop in August, reversing a four-month growth streak

According to Oxford Economics economist Tony Stillo, Canada's weak September labor market data has lowered the probability of a rate hike by the Bank of Canada in late October, though the option remains possible. Stillo still expects the central bank to raise rates by 25 basis points each in October

US Stock Market News showed positive momentum on Friday as the Dow Jones Industrial Average jumped 121.12 points to 51,352.76, a gain of 0.24%, while the S&P 500 rose 16.05 points to 7,781.41, up 0.21%, and the Nasdaq Composite gained 73.10 points to 27,266.44, up 0.27%. Technology stocks managed to

According to Jin10, the U.S. one-year inflation rate expectations initial reading for October came in at 4.7%, matching the forecast of 4.7% and slightly up from the previous month's 4.60%.

According to the U.S. Treasury Department announced on Friday, October 9, Treasury Secretary Bessent appointed Judy Shelton as senior advisor to help develop monetary policy and assess China's financial situation. Shelton, an economist who previously held positions at the Independent Institute and S