DXY & Forex

UK public sector net borrowing came in at £1.8 billion in July, significantly below the £16 billion recorded in the previous month and better than expectations of zero, according to official data.

UK retail sales grew 1.6% year-over-year in July, falling short of the 2.2% forecast and down from 4.2% in June, according to official data.

UK retail sales (seasonally adjusted) declined 0.5% month-on-month in July, matching the forecast of -0.50%. The previous month's reading was revised downward from 1.00% to 0.7%.

According to Jin10, five large forex option contracts on EUR/USD, USD/CHF, and AUD/USD with strikes exceeding 1 billion each are set to expire on August 21 at 10:00 PM Beijing time. Risk management is advised ahead of the

According to Jin10 data, European markets received $2.44 billion in net inflows during the week ending August 12, marking the largest weekly inflow since late February, as the region's economy proved more resilient to geopolitical shocks than expected. The Stoxx Europe 600 index is approaching

According to Goldman Sachs, despite recent selling pressure on long-term U.S. Treasuries, their valuations show no significant deviation relative to macroeconomic fundamentals or comparable assets. The U.S. Treasury Department's decision to expand bond repurchase operations signals willingness to de

The Korean government announced on the 21st a policy to transfer a significant portion of surplus tax revenue, driven by the semiconductor boom, into a newly established Future Response Fund. The decision stems from rapidly increasing tax collections that exceed historical trends. This policy

According to Sumitomo Mitsui Securities economists, the Bank of Japan is expected to raise the policy rate from 1% to 1.25% at its September meeting, with an 84% probability shown in overnight index swaps. The economists forecast additional rate increases in January and June 2027, bringing the polic

According to South Korea's Ministry of Economy and Finance on August 21, the government announced plans to redirect a significant portion of surging tax revenue—driven by strong semiconductor demand—into the Future Response Fund. The fund will invest in four priority areas: youth development,

US Stock Market News: On Thursday, the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all closed lower. The decline followed what the source described as Bessent's one-day intervention, higher oil prices, Walmart's Q2 earnings miss, and pressure from rising Treasury yields.

According to Huafu Securities, Guan Tao has been appointed Chief Economist of the firm on August 21. Guan previously served as International Balance of Payments Division Director and spokesperson at China's State Administration of Foreign Exchange, and as Global Chief Economist at China Bank Interna

Japan's Ministry of Finance and Financial Services Agency are considering tax incentives for individual investors purchasing Japanese Government Bonds (JGBs), with plans to include the measures in the 2027 fiscal year tax reform, Nikkei Asia reported on the 21st. The incentives aim to encourage inve

According to Nikkei Asia, on August 21, Japan's Finance Ministry and Financial Services Agency are reviewing tax incentives for individual investors purchasing Japanese government bonds (JGB), with plans to include the measures in the fiscal 2027 tax reform proposal. The initiative aims to support t

South Korean government bond yields rose on the morning of August 21, with long-term rates climbing more sharply than mid-term rates, steepening the yield curve. The 3-year benchmark Korea Treasury Bond (KTB) yield traded at 3.844%, up 2.2 basis points from the previous day's closing average,

The USD-KRW exchange rate fell to 1,383.30 won as of 11:06 AM on August 21, down 9.30 won from the previous Seoul market close of 1,392.60 won, marking a new yearly low. The decline was driven by strong short betting from offshore participants in currency futures and NDF markets. The intraday low of

According to Yonhap Infomax, the US dollar-Korean won exchange rate fell to 1,380.50 won during morning trading on August 21, marking its lowest level in approximately 11 months. The rate dropped 12.70 won from the New York close at 1,396.00 won. Foreign investors drove the decline through strong do

According to Yonhap Infomax, South Korea's benchmark inter-bank offered rates (KORIBOR) rose across all tenors on Aug 21. The 3-month KORIBOR climbed 2 basis points to 3.07%, marking the largest single-day move. Other key rates also increased: 1-month KORIBOR rose 1 basis point to 2.86%, 2-month

Daesin Securities forecasted on August 21 that the USD/KRW exchange rate will fall to 1,350 won by year-end amid a dollar-selling dominant market. Analyst Lee Jung-hoon cited improved supply conditions in the second half and additional foreign exchange demand from semiconductor companies'

Daeshin Securities analyst Lee Jung-hoon forecasted on August 21 that the Korean won could strengthen to 1,350 per dollar by year-end amid improved dollar supply conditions. The currency was trading around 1,380 per dollar on the day. Lee attributed the won's strength to increased dollar sales by

According to Jin10, Shanghai's Lingang New Area released its 15th Five-Year Development Plan on August 21, targeting 100 billion yuan in bonded maintenance imports and exports, and 50 billion US dollars in offshore trading transactions by 2030. The plan also emphasizes advancing offshore finance