DXY & Forex

According to Yonhap Infomax, on July 9, South Korea's 1-year interest rate swap (IRS) fell 2.75 basis points to 3.4450%, marking the third consecutive trading-day decline. Offshore investors and local securities firms have been aggressively selling short-term positions ahead of next week's central b

According to the People's Bank of China, the central bank conducted a 10 billion yuan 7-day reverse repo operation today (July 9). The operating rate was set at 1.40%, unchanged from the previous level. Both the bidding amount and successful bid matched at 10 billion yuan.

According to Jin10, on Wednesday, former Bank of Japan official Watanabe Tsutomu said the central bank may accelerate rate hikes later this year and eventually raise its benchmark rate above 2% to contain inflation. Watanabe stated that the terminal rate will be around 2% or slightly higher than

According to Citi economist Jin-Wook Kim, South Korea's central bank is expected to raise its benchmark rate from 2.50% to 2.75% at next week's policy meeting, then signal a gradual hiking pace of 25 basis points per quarter throughout the second half of 2026. Citi forecasts rate increases in July a

China's interbank foreign exchange market reported on July 9 that the USD/CNY midpoint weakened 41 points to 6.8036, reflecting yuan appreciation. Other major currency pairs also shifted: EUR/CNY strengthened 82 points to 7.7696; GBP/CNY rose 239 points to 9.1098; AUD/CNY advanced 8 points to 4.715

China's yuan fixed midpoint strengthened by 41 basis points to 6.8036 against the U.S. dollar yesterday (July 8), reaching its strongest level since February 10, 2023.

Bitcoin (BTC) fell back to around $62,000 on July 9. Earlier, the U.S. Federal Reserve (Fed) released the minutes of the June 16-17 FOMC meeting. The 12 voting members voted 12-0 to keep the target range for the federal funds rate unchanged at 3.50%-3.75%, and formally removed “a dovish bias” from the statement, which immediately triggered a sell-off in U.S. stock equities. Key takeaways from the Fed’s June FOMC meeting minutes: Interest rate 3.50%-3.75%, removal of dovish bias (Source: Fed webs

Park Hyun-sik, Research Team Leader at Hana Bank's Hana The Next Strategy Division, recommended in an interview on the 9th that investors increase allocations to US stocks and bonds for the second half, maintaining currency exposure despite elevated dollar-won exchange rates. Park proposed a

Oh Gun-young, head of Shinhan Bank's Premier Pathfinder division, advised investors on the 9th not to focus excessively on whether the Federal Reserve raises interest rates, but rather on the economic environment driving those rate decisions. In an interview with Yonhap Infomax, Oh stated that the c

Bank of Korea Governor Shin Hyun-song is scheduled to testify at the National Assembly Finance Committee on this date as the central bank's blackout period begins. The Seoul bond market is closely watching for any policy signals despite communication restrictions ahead of next week's rate

South Korean bond market participants focused on Bank of Korea Governor Shin Hyun-song's remarks during the parliamentary Finance and Economy Committee report on this day. The silent period begins on this day, limiting the likelihood of significant monetary policy information. International oil

According to Hana Bank's research team, on July 9, the lender recommended a portfolio allocation of 70% stocks, 15% U.S. bonds, and 15% gold for the second half of 2026. The bank expects lower odds of U.S. rate hikes, citing temporary strength in employment and moderating oil prices, arguing that

Foreign capital flows into South Korea's bond market shifted composition following World Government Bond Index (WGBI) inclusion, with Europe closing the gap on Asia. The share gap between Asia and Europe in foreign bond holdings narrowed from 4.7 percentage

According to Financial Supervisory Service data released on July 9, the gap between Asian and European foreign investors' holdings in Korean bonds narrowed to 0.4 percentage point by end of May, from 4.7 percentage points in late December. Asia's share of total foreign bond holdings fell to 40.0% by

According to the Ministry of Commerce and nine other government departments, China announced on July 9 support for digital RMB use in consumption voucher distribution and settlement processes. The initiative aims to leverage digital RMB smart contracts to enable efficient fund turnover and precise s

According to overseas brokers, the USD/KRW 1-month NDF rose to 1,504.90 won (mid) on July 9, up 7.40 won from Seoul's previous close of 1,498.50 won. The U.S. dollar faced weakness as international oil prices retreated following President Donald Trump's remarks that he does not seek a prolonged

Japan's 10-year government bond yield rose to 2.880% today, reaching its highest level since September 1996.

The dollar-won exchange rate fell below 1,500 won on July 8 for the first time in 40 days, while stablecoin prices on Korean cryptocurrency exchanges showed a decline one day earlier on July 7. The exchange rate reached an intraday low of 1,498.10 won, the lowest level since the May 29 intraday low

According to WSJ reporter Nick Timiraos, the Federal Reserve's June meeting minutes reveal that disagreements among officials stem from differing inflation forecasts, not fundamental policy disagreements. The Fed has identified two scenarios: if inflation remains elevated, nearly all officials

According to Yonhap Infomax, on July 9, the USD/KRW exchange rate fell to 1,498.10 won intraday, marking its lowest level since May 29 and the lowest in 40 days. Notably, dollar-pegged stablecoins USDT and USDC declined below the 1,500 won level approximately one day before the official foreign exch