DXY & Forex

Australia's 3-year government bond yield fell 9 basis points on July 29 following the release of second-quarter inflation data. The move reflects market reaction to the latest consumer price index reading.

Australia's second-quarter consumer price inflation came in at 4.0% year-over-year, falling short of the 4.1% forecast and declining from the previous quarter's 4.1% reading.

The Australian dollar dropped over 40 points against the U.S. dollar following the release of consumer price index (CPI) data, with AUD/USD now trading at 0.6949.

The Bank of Korea is likely to delay its interest rate increase until October rather than August, according to analysis of July consumer sentiment data by Barclays economist Son Beom-ki. The assessment is based on the central bank's recently released Consumer Survey Index (CSI) for July, which

According to Barclays economist Son Beom-gi, on July 29, South Korea's central bank is likely to raise its benchmark rate in October rather than August. The analysis is based on July's Consumer Sentiment Index (CSI), which shows consumer confidence improved modestly but household spending did not in

According to the People's Bank of China, today (July 29) the central bank conducted 206.5 billion yuan in 7-day reverse repo operations at 1.40% interest rate, with both bids and successful auctions totaling the full amount. Additionally, the central bank operated 60 billion yuan in overnight revers

The Chinese yuan appreciated against the U.S. dollar today, with the midpoint rate climbing 29 basis points to 6.7899, marking the strongest level since February 10, 2023, according to the China Foreign Exchange Trade

On July 29, China's interbank foreign exchange market set the USD/CNY midpoint rate at 6.7899, down 29 pips, reflecting yuan appreciation. EUR/CNY rose 56 pips to 7.7175, while GBP/CNY fell 89 pips to 9.0052. AUD/CNY declined 111 pips to 4.7269, and JPY/CNY (per 100 yen) dropped 34 pips to 4.1393. C

According to Yonhapinfomax's survey of nine domestic and foreign financial institutions on July 29, South Korea's July consumer price index is projected to rise 2.92% year-over-year, marking the first decline to the 2% range in three months following June's 3.2% increase. Forecasts from surveyed in

Seo Eun-jong, Head of Global Markets at BNP Paribas Seoul Branch, stated on the 29th that foreign investor interest in the Korean won and won-denominated assets has reached its highest level since he began trading in 2002. In an interview, Seo assessed the government's won internationalization

The Bank of Korea stated in late July that inflation is expected to exceed its target in the second half of 2026, signaling that it remains necessary to maintain a tightening policy stance.

According to BNP Paribas Seoul branch head Seo Eun-jong in an interview with Yonhapinfomax today (July 29), financial markets are excessively pricing in interest rate increases from the Bank of Korea. Seo stated that short-term interest rate swap (IRS) markets are factoring in four to five rate

According to Jin10 Futures, as of 08:45 on July 29, the CFETS-NEX people's yuan funding sentiment index reported 58 points, up 7 points from 16:00 on July 28. The index readings by institution type were: large banks 58 (up 8 points), mid-size banks 60 (up 7 points), and non-bank institutions 56 (up

The USD-KRW exchange rate posted its steepest monthly decline in 44 months through the previous day, falling 5.61% this month, according to the Bank of Korea Economic Statistics System on July 29. The rate dropped from 1,549.40 won at the end of last month to 1,462.50 won, driven by improved

According to Yonhapinfomax, the Korean won strengthened against the US dollar on July 29, with USD/KRW falling to 1,462.50 from an intraday high of 1,472.10. SK Hynix sold over $2 billion worth of dollars and month-end currency settlements by exporters provided significant selling pressure on the do

According to CoinDesk, analysts expect that any dovish signal from the Federal Reserve at Wednesday's FOMC meeting could benefit Bitcoin. CME FedWatch data shows a 70% probability the Fed will maintain current rates and a 30% chance of a 25 basis point rate hike. Block Scholes analyst Thahbib

According to Huatai Macroeconomic Research released on July 29, the probability of a Federal Reserve rate hike in July is above 50%, higher than current market pricing of around 40%. Under the base case scenario, the probability of a rate hike before September is near 100%. The research notes that F

Seoul forex market dealers say currency forecasts have become meaningless recently as extreme volatility driven by war and supply-demand factors overrides traditional fundamentals. USD-KRW fell over 100 won in one month, and FX swap points showed abnormal spikes followed by sharp reversals within a

According to overseas brokers, the dollar-won 1-month non-deliverable forward (NDF) plunged to 1,452.20 on July 29, down 10.10 won from Seoul's previous close of 1,462.50. The decline reflects broader dollar weakness driven by a weaker-than-expected U.S. consumer confidence index and easing

According to Jin10 Futures, on Tuesday, July 28, LME copper fell amid a stronger U.S. dollar and rising expectations for Federal Reserve interest rate decisions. Market participants are monitoring the Fed's upcoming policy announcement, with futures markets pricing in a 62%