DXY & Forex

According to Moody's Analytics chief economist Mark Zandi, U.S. long-term interest rates have surged to levels last seen around the 2008 financial crisis on August 24. Zandi identified the Iran conflict as the primary driver of rising long-term rates, while also citing increased uncertainty from the

According to Bloomberg data, hedge funds are intensifying short positions against the U.S. dollar amid market anticipation of new fiscal plans from Treasury Secretary Bessent. The pressure accelerated last week, with Barclays' London G10 FX trading co-head Torsten Schoeneborn noting: "We saw

Korean ETF investors faced unexpected losses this month as the won-dollar rate fell to the 1380s, with currency-hedged products outperforming non-hedged versions. The gap emerged because won appreciation offset underlying asset gains in non-hedged ETFs, while hedged versions eliminated currency

According to Korea Exchange, on August 24, unhedged overseas ETFs in South Korea significantly underperformed their currency-hedged counterparts as the Korean won strengthened, with the USD/KRW exchange rate falling below 1,380. The gap between unhedged and hedged S&P 500 ETFs reached 3.13

ING Bank stated on the 23rd (local time) that the US Treasury's expanded bond buyback measures represent a market signal that will lead to dollar weakness. The bank explained through its publication that while questions arise about the buyback's effectiveness, the core message is that rising long-te

Seoul foreign exchange market dealers forecast on the 24th that the USD-KRW exchange rate will move around the 1,380 won level. Downward pressure on the dollar-won pair continues due to negotiation volumes from semiconductor exporters and offshore selling. However, foreign dividend remittances

Park Jung-sung, South Korea's newly appointed Trade Minister, stated on the 24th that implementing strategic investment with the United States represents the greatest challenge and opportunity in bilateral relations. He emphasized this cooperation framework would rival the significance of the Korea-

According to Bank of America Chief Investment Strategist Michael Hartnett, Treasury Secretary Benson announced last week that he would double the size of long-term Treasury buybacks, a move Hartnett characterized as "quasi-QE" in his latest Flow Show report. U.S. total government debt has surged

According to Yonhapinfomax, Seoul foreign exchange dealers expect the USD/KRW rate to move around the 1,380 won level on August 24. The Korean won has been supported by semiconductor exporters' negotiated selling volumes and offshore selling pressure on the dollar. However, dealers view it

US stock index futures traded slightly higher in Asian markets on the morning of the 24th, showing a modest rebound following recent market corrections, while US Treasury yields declined. The technical recovery came after major US indices recorded consecutive weekly declines last week, pressured

According to Yonhap Infomax, on August 24, U.S. stock index futures rebounded modestly in Asian morning trading. E-Mini S&P 500 futures rose 0.09% to 7,698.50, while E-Mini Nasdaq-100 futures gained 0.12% to 29,423.25, following a market correction in the prior week. U.S. Treasury yields declined a

According to CNBC, on August 24, the U.S. imposed 50% tariffs on certain Canadian goods following the collapse of trade negotiations. Canadian Prime Minister Carney announced retaliatory tariffs set to take effect on September 8. Separately, U.S. Treasury Secretary Bessent is expected to announce

According to Commonwealth Bank of Australia, U.S. national debt surpassed $40 trillion for the first time on August 24, potentially supporting Asian currencies amid concerns over fiscal sustainability. The bank's global economics team noted that worries about government debt sustainability could

According to Gate, USD/JPY fell 0.16% on Aug 24, with the current exchange rate standing at 158.727. Meanwhile, gold prices rose 0.29% to $4,621.62 per ounce, while WTI crude oil declined 0.67% to $86.52 per

According to Yonhapinfomax, on August 24, short-term South Korean government bond yields surged ahead of the Bank of Korea's monetary policy decision this week, with 3-month bond yields rising 8.9 basis points to 2.855% from 2.766% on July 16. In contrast, 3-year bond yields increased only 0.3 basis

The People's Bank of China (PBoC) conducted a 340 billion yuan seven-day reverse repurchase operation today (August 24), with bids and successful allotments both reaching 340 billion yuan. The operation

According to the Inter-bank Foreign Exchange Market, on Aug 24, the USD/CNY midpoint rate was reported at 6.7841, up 24 basis points (CNY depreciation). EUR/CNY declined 43 points to 7.8863; GBP/CNY rose 43 points to 9.2144; AUD/CNY climbed 337 points to 4.8395. Other key pairs: HKD/CNY 0.86542 (+7.

Federal Reserve Chair Kevin Warsh's shift toward less transparent communication will increase market volatility, according to Goldman Sachs chief economist Jan Hatzius. In a recent report cited by Business Insider on the 23rd (local time), Hatzius warned that reducing forward guidance will make it h

Bitcoin rose approximately 23% last week, posting its best weekly performance in more than three years and breaking out of a trading range in which it had been trapped below $67,000 for months. It was briefly trading near $77,500 on August 24. Coinage founder Zack Guzman said Bitcoin “has established itself as a debasement trade,” with the rally driven primarily by direct buying rather than leverage. Market Impact of the U.S. Treasury Secretary’s Expansion of Treasury Buybacks Last Wednesday, Tr

According to Jin10 on August 24, SoftBank Group plans to issue a record 1 trillion yen (approximately $6.3 billion) in retail bonds. The seven-year bonds are expected to be priced on September 4, with an initial coupon range of 4.3% to 4.9%. The proceeds will support the company's commitment to