DXY & Forex

ING Bank stated on the 21st local time that 'time is not on France's side' regarding the country's long-term bond yield challenges. The bank explained that France's bond yield spread against Germany is unlikely to narrow in the short term due to political headwinds and structural timing

According to ING Bank on September 21, the lender assessed that France faces structural headwinds regarding long-term sovereign bond yields, stating that time is not in France's favor. The bank noted that France-Germany 10-year bond yield spreads, which spiked above 100 basis points last week,

According to China's central bank, the People's Bank of China conducted a 35 billion yuan reverse repurchase agreement (repo) operation with a 7-day term today (September 22). The operation received bids of 35 billion yuan, with all bids accepted at an interest rate of 1.40%.

The Chinese yuan's mid-rate against the US dollar rose to 6.7459 today, strengthening 28 pips from yesterday's mid-rate of 6.7487. The previous trading day's official closing rate was 6.6955.

According to Jin10, on September 22, USD/CNY fell 28 points to 6.7459, with the yuan strengthening against the U.S. dollar. EUR/CNY declined 133 points to 7.7059, while GBP/CNY dropped 181 points to 8.9863. JPY/CNY fell 104 points to 4.2794, and CAD/CNY decreased 152 points to 4.7871. CHF/CNY

Seoul bond market participants focused on securing carry returns ahead of the holiday break on the last available trading day. The Bank of Korea scheduled its financial stability report release at 11am. Global developments included scheduled speeches by Reserve Bank of Australia Governor Michele

According to Yonhapinfomax, on September 22, the Korean bond market sees strong buying demand on the last trading day before the Chuseok holiday, as investors rush to secure carry returns during the extended break. Settlement occurs the following day, requiring today's purchases to capture holiday-p

According to Susan Collins, president of the Federal Reserve Bank of Boston, in an interview with AP on September 21, persistent inflation and Middle East tensions were key reasons behind her support for a rate hike at this month's Federal Open Market Committee (FOMC) meeting. Collins stated she

According to the Bank of Japan's fund circulation statistics released on September 22, individual investors' holdings of Japanese government bonds (JGBs) increased as of Q2 2026, with the ratio reaching 0.9% of household financial assets. The development follows recent rate hikes by the BOJ, which s

According to Guru Club, the Korean won strengthened 1% against the U.S. dollar on September 22.

According to Jin10 Futures, as of 8:45 AM on September 22, the CFETS-NEX CNY funding sentiment index fell to 48, down 2 points from 4 PM yesterday. Among sector breakdowns, the index for large banks, mid-sized banks, and non-bank institutions stood at 46, 49, and 48 respectively, each declining 2 po

Korea Housing Finance Corporation (KHFC) expanded its straight mortgage-backed securities (MBS) issuance limit to 6.5 trillion won from 4 trillion won since last month, according to financial industry sources. The state-run housing lender also increased per-round issuance capacity to 600 billion won

According to the investment banking industry on Sept 22, Korea National Oil Corporation successfully issued $1.6 billion in global bonds (144A/RegS) comprising $700 million in 3-year fixed-rate debt, $500 million in 5-year fixed-rate debt, and $400 million in 3-year floating-rate debt. The 3-year an

According to the Capital Market Research Institute report released on September 22, South Korea's demand for 30-year government bonds has eased as insurers reduce purchases of ultra-long-term debt. The 30-year bond issuance share had risen to 31.5% in 2025, but weakened demand coupled with

The USD-KRW exchange rate fell 6.50 won to 1,374.50 as of 6am on the 22nd versus the previous Seoul close of 1,381.00, driven by exporter dollar sales, foreign net stock purchases of 219 billion won between 5:10-5:50pm, and long-stop flows that briefly pushed the rate to 1,370.00 at 5:46pm. Risk

Meritz Securities warned on September 22 that the US Federal Reserve's interest rate increase could heighten the risk of a hard landing for the American economy by simultaneously raising the debt burden from artificial intelligence investments and government-corporate liabilities. The Fed raised

According to Yonhap Infomax, on Sept 22, the USD-KRW exchange rate fell to 1,374.50 won as of 6 a.m., down 6.50 won from the previous Seoul market close of 1,381.00 won. The currency dipped to a session low of 1,370 won earlier due to export hedging flows and foreign stock buying. Separately, WTI

According to DB Securities analyst Kang Hyun-ki on September 22, Iran may adopt asymmetric military tactics to prolong the seven-month conflict with the U.S., similar to North Vietnam's strategy during the Vietnam War. The approach aims to build domestic anti-war sentiment in the U.S. by creating a

Korean general corporations borrowed 57.2 trillion won in new bank loans during the January-July period, an 82.2% increase from 31.4 trillion won in the same period last year, while corporate bonds recorded a net redemption of 16.2 trillion won as companies repaid more debt than they issued,