DXY & Forex

South Korea's Ministry of Economy and Finance has taken a restrictive stance toward offshore investment banks underwriting Korean Paper dollar and euro bond issuances without domestic securities licenses. The policy shift emerged last week when Lotte Rental postponed its dollar bond debut after

Seoul foreign exchange market brokers recorded extreme bid-offer spreads of 100 to 140 KRW in USD/KRW spot trading during early morning hours on the 14th, 16th, and 17th. Seoul Money Brokerage showed a 140 KRW spread at 6:03:55 AM on the 14th with a 1,310 KRW bid and 1,450 KRW offer, while Korea Mon

According to Neil Dutta, chief economist at Renaissance Macro Research, the U.S. economy is facing dual pressures on September 20. The first is slowing consumer spending driven by high inflation, modest income growth, and geopolitical uncertainty. The second is renewed Federal Reserve rate hikes

According to Bank of America, on September 20, the Federal Reserve is expected to raise interest rates two additional times before the end of 2026. The bank cited sustained strength in the U.S. economy and persistent inflation concerns, noting that the Consumer Price Index has risen 3.4% year-over-y

According to Tomo Kinoshita, Invesco strategist reporting via Jin10, the Bank of Japan will likely raise its policy rate to 1.50% in December, up 25 basis points from the current 1.25% set last Friday (September 19). Kinoshita projects further rate hikes in March and July next year, bringing the po

According to NH Investment & Securities, credit spreads in South Korea's corporate bond market widened last week as general bank bond issuance surged to 3.6 trillion won (3.6 billion USD equivalent), the largest volume this year. The research firm attributed the expansion to increased net issuance o

According to Jin10, Australia's major banks, including ANZ and Commonwealth Bank, have formed a consensus on September 21 that the Reserve Bank of Australia (RBA) will hike rates by a further 50 basis points before year-end. This shift follows recent hawkish commentary from RBA officials last

According to the People's Bank of China, the central bank conducted a 7-day reverse repo operation for 165 billion yuan today (September 21). The bid amount and successful bid amount were both 165 billion yuan, with the operation rate set at 1.40%.

According to Commerzbank economist Vincent Stammer, German 10-year bond yields broke through 3.5% on September 18, marking their highest level in years. Yields across European sovereign debt curves have risen approximately 1 percentage point since the start of 2026, driven by inflation pressures

Bank of America warned on the 18th that the Federal Reserve's policy rate could exceed 5% if the US economy continues to show resilience, just two days after the Fed resumed rate hikes for the first time in approximately three years. The warning addresses the risk that the current 3.75-4.00%

According to China's interbank forex market, the USD/CNY mid-price on September 21 was 6.7487, down 34 points as the yuan strengthened. EUR/CNY fell to 7.7192, down 65 points. Other major rates included JPY/CNY at 4.2898, down 275 points; GBP/CNY at 9.0044, up 86 points; AUD/CNY at 4.7891, up 31 poi

The Chinese yuan's daily fixing was set at 6.7487 against the U.S. dollar today (September 21), up 34 basis points from the previous trading day's 6.7521.

According to Bank of America's rate strategy team, on September 18, the Federal Reserve's benchmark policy rate could rise above 5% if the U.S. economy sustains stronger-than-expected momentum. The team raised its year-end 2-year Treasury yield forecast to 5.0% from 4.5%, while projecting the

The USD-KRW exchange rate is expected to trade in the 1,380 won range on September 21, according to market analysis. The currency pair is consolidating after sharp gains driven by US and Japanese interest rate decisions. Japanese authorities conducted a 'rate check' on September 18 when the

According to Yonhapinfomax, the USD-KRW exchange rate is expected to hold steady around the 1,380 won level on September 21 following recent sharp gains from U.S. and Japanese rate hike decisions. The pair closed at 1,385.50 won on September 19, with the one-month NDF fixing at 1,386.80 won. Japane

The Bank of Japan's monetary policy meeting on an unspecified date triggered a chain reaction across currency and bond markets, with the Seoul bond market facing expected weakness on September 21 due to rising US Treasury yields. The BOJ's dovish interpretation emerged after 2 members opposed a

According to Nikkei, Japan's financial markets closed on September 21 for Respect for the Aged Day. Earlier this month, the Bank of Japan (BOJ) conducted a "rate check" with major market participants on September 18, inquiring about current tradable foreign exchange levels—a step typically viewed

According to China Foreign Exchange Trade System (CFETS), on September 18, the Chinese yuan exchange rate index rose 1.05 points on a weekly basis to 102.54.

South Korea's banking sector is testing whether its stress Debt Service Ratio (DSR) policy can protect mortgage borrowers as variable interest rates rise, according to financial industry sources on September 21. The stress DSR system was first introduced in late February 2024 to manage household

China's central bank has 2.72 trillion yuan in seven-day reverse repos set to mature this week (September 21–24), with no expiries on Monday and Tuesday, according to PBOC open market operations. On Wednesday and Thursday, 1.1 trillion yuan and 1.62 trillion yuan will mature