DXY & Forex

The US Federal Reserve raised its benchmark rate by 0.25 percentage points to 3.75-4.00% on September 16 at its September FOMC meeting. This marked the first US rate increase since July 2023, with the Fed's median year-end policy rate forecast rising to 4.1% and signaling potential for additional ti

According to financial industry sources, the U.S. Federal Reserve raised its benchmark interest rate by 0.25% to 3.75%-4.00% on September 16, marking its first rate increase in over three years. The Fed's move widened the Korea-U.S. rate gap to 1.00 percentage point, with the South Korean central

The USD/KRW exchange rate closed at 1383.3 won on the 18th, up 1.1 won from the previous day, marking the seventh consecutive trading day of gains and approaching the 1400-won level. The exchange rate climbed 47.2 won over seven trading days from 1336.1 won on the 9th, driven by the US Federal

According to Korean banking data, the won-dollar exchange rate surged 47.2 won in 7 trading days to 1,383.3 won on September 18, driven by the U.S. Federal Reserve's interest rate hike and rising Treasury yields. The Fed raised its

According to News1, USD/KRW surged 47.2 won over seven consecutive trading days through September 18, reaching 1387.1 and its highest level since late August. The rally followed the Federal Reserve's first rate increase in approximately three years two months on September 16, lifting the benchmark r

South Korea's bond market faces rising short-term interest rate pressures following the Chuseok holiday, driven by expectations of a Bank of Korea rate hike in November and increased October treasury bond issuance. The 91-day certificate of deposit (CD) rate climbed to 3.20% from 3.12% as money mark

According to Yonhap News, South Korea's short-term bond market faced continued upward pressure on September 18, despite a decline in crude oil prices. CD (Negotiable Certificates of Deposit) 91-day rates rose to 3.20%, while 3-year government bond yields reached 4.035% and 10-year yields settled at

South Korea's stock market faces heightened volatility this week (Sep 21-23) as investors trim positions ahead of the Chuseok holiday, according to local market analysts. Key variables this week include statements from Federal Reserve officials and the U.S.-China summit scheduled for Sep 24, which i

According to Scope Ratings, Greece's credit rating was upgraded to BBB+ on September 18, marking the highest rating since the eurozone debt crisis and matching Italy's rating. The upgrade reflects Greece's recovery as a borrower, with fiscal repairs and economic growth outpacing other eurozone

The Bank of Japan (BOJ) conducted a rate check in foreign exchange markets overnight after the yen weakened sharply despite a base rate increase, according to reports by Nikkei and other outlets. The yen had fallen to the 158 per dollar range the same night the BOJ raised its policy rate from

According to Nikkei, the Bank of Japan saw the yen weaken to 158 per dollar on Sept 18 evening, despite raising its benchmark rate to 1.25% from around 1% earlier that day. The currency then rebounded to 156 per dollar range on Sept 19 morning. Analysts attribute the initial weakness to market

According to Jin10, ECB Governing Council member Stournaras warned on September 19 of upside inflation risks but cautioned against hasty policy action. He noted that while second-round effects through wages have not yet emerged, such a situation cannot be taken for granted. "We are seeing

According to Jin10 on September 19, France's 2027 budget draft will comply with EU recommendations despite the country's debt-to-GDP ratio rising above 120%. France's budget ministry said net primary expenditure growth is expected at 0.7%, below the EU Commission's 1.2% recommendation. The

According to Jin10, on September 19, Guangxi's provincial government issued the "Fifteenth Five-Year Plan for Financial Industry Development," proposing to advance cross-border RMB usage toward ASEAN member states. The plan seeks to expand RMB usage in cross-border trade, commodity trading,

According to Guru Club, on September 19, Miu Yanliang, senior managing director and chief economist at China International Capital Corporation, stated at the Tsinghua PBC Forum that erosion of trust in the U.S. dollar as the foundation of global assets is triggering shifts in the international

According to Zhu Min, former International Monetary Fund Deputy Director, at the Tsinghua PBC Chief Economists Forum on September 19, the internationalization of the yuan will support China's high-quality economic development through four transmission mechanisms. These include global resource

Japan's central bank and government conducted a 'rate check' on the morning of the 18th US Eastern Time, ahead of a five-day holiday period until the 23rd, according to Nikkei on the 19th. The move came as the yen continued weakening despite the Bank of Japan's interest rate increase, prompting

According to Japan's Nikkei newspaper, the Bank of Japan conducted a rate check on September 18 (U.S. Eastern Time), signaling potential market intervention before the five-day holiday period beginning September 23. The yen strengthened to around 156 per dollar from 158 per dollar following the chec

The US Federal Reserve raised its policy rate by 0.25 percentage points to 3.75-4.00% on the 16th, marking the first US rate increase in 3 years and 2 months. The Bank of Korea also raised its base rate twice consecutively in July and August to 3.00%, with 6 of 7 monetary policy committee members

According to Financial News, on Sept. 15, Sogang University economics professor Kim Young-ik forecasted that South Korea's KOSPI index could fall below the 5200 level in the first half of 2027. Speaking on KBS YouTube channel Money Ola, Kim attributed the downside risk to a confluence of