DXY & Forex

South Korea's Deputy Prime Minister and Minister of Finance Koo Yoon-cheol announced the government's second-half economic strategy on the 15th at Cheong Wa Dae, targeting consumer price inflation below 3% through agricultural product discounts, expanded supply, and frozen public utility rates.

The People's Bank of China conducted 426.5 billion yuan in 7-day reverse repos today (July 15), with a net injection of 411.5 billion yuan after 15 billion yuan in repos matured. The operation rate remained unchanged at 1.4%.

South Korea's Deputy Prime Minister Koo Yoon-chul announced major economic initiatives on July 15, including plans to expand the country's sovereign wealth fund and internationalize the Korean won. The Korea Investment Corporation (KIC) will establish a strategic investment account to broaden its ma

The People's Bank of China conducted a 426.5 billion yuan 7-day reverse repurchase agreement operation today, with both the bid and awarded amounts equaling 426.5 billion yuan. The operation rate was set at 1.40%, unchanged from the previous operation.

Japanese Finance Minister Katayama Satsuki stated GPIF may adjust asset allocation if the investment environment changes significantly. The statement triggered strong buying in the 20-year JGB auction, where the tail reached 0 for the first time since May 2010. GPIF manages 293.6 trillion yen with a

Market participants in Seoul's foreign exchange market are focusing on clues to the Bank of Korea's future rate hike path ahead of the July 16 Monetary Policy Board meeting, with unanimous expectations for a 25 basis point increase. A survey by Yonhap Infomax of 19 domestic and international

Seoul bond market participants expect the Bank of Korea to raise its base rate at the July 16 monetary policy meeting, according to a survey released on the 15th. All 19 domestic and international financial institutions surveyed by Yonhap Infomax unanimously forecast a 25 basis point increase to 2.7

The Chinese yuan (CNY) strengthened by 80 basis points against the U.S. dollar yesterday (July 14), with the central parity rate climbing to 6.7910. This marks the highest level since February 10, 2023, and represents the largest single-day gain since

According to Jin10, on July 15, the U.S. dollar to Chinese yuan midpoint exchange rate adjusted to 6.7910, down 80 points, reflecting yuan appreciation. The euro to yuan midpoint rose to 7.7491, up 124 points, while the pound sterling to yuan rate climbed to 9.0839, up 118 points. The Australian dol

South Korean corporations recorded net forward exchange sales of $17.4 billion in Q2, marking the highest quarterly volume since Q2 2008, according to Bank of Korea data. The surge occurred as the quarterly average KRW/USD exchange rate exceeded 1,500 won, prompting exporters to actively lock in

According to a Yonhapinfomax survey of 19 domestic and international experts, all participants expect the Bank of Korea to raise its benchmark rate by 25 basis points to 2.75% at the Monetary Policy Committee meeting on July 16. The rate increase is anticipated due to strong economic growth,

According to BlockBeats reporting on Fed Chair Walsh's congressional testimony on July 15, the Federal Reserve maintains zero tolerance for persistently elevated inflation. Walsh acknowledged that inflation remaining above the Fed's 2% target for the past five years represents a policy failure and s

Seoul's bond market is expected to show strength on the day before the Bank of Korea's Monetary Policy Committee meeting, buoyed by favorable US inflation data and domestic employment indicators. June core CPI in the US registered 0.0% month-over-month, below the 0.2% market forecast, easing

According to Jin10, the CFETS-NEX Chinese yuan fund sentiment index reached 53 as of 08:45 on July 15, up 3 points from 16:00 the previous day. By institution type, large banks reported 52 (up 3 points), mid-sized banks 55 (up 4 points), and non-bank institutions 52 (up 3 points). The index ranges f

Japan's 5-year government bond yields fell 3 basis points to 1.92% today.

According to China International Capital Corporation research cited by Jin10 on July 15, the U.S. June Consumer Price Index declined 0.4% month-over-month and rose 3.5% year-over-year, both below market expectations. Core CPI showed zero growth month-over-month with a 2.6% year-over-year increase, a

Japan's core machinery orders declined 1.9% year-on-year in May, falling significantly short of the forecast of 12.90% and marking a sharp reversal from the previous month's 15.60% growth.

Japan's core machinery orders fell to -12.4% month-on-month in May, sharply missing expectations of -4.2% and reversing from the prior month's 8.70% gain.

The USD-KRW exchange rate declined to the 1,490 won area on July 15 following US inflation data that came in significantly below market expectations. At 6am Seoul time on July 15, the USD-KRW rate stood at 1,490.50 won,

According to South Korea's insurance industry sources on July 15, NH Nonghyup Fire Insurance has postponed the refinancing and early redemption of 100 billion won in subordinated bonds maturing on July 21. The insurer decided to delay the issuance in May due to persistently high interest rates and d