DXY & Forex

According to Guru Club, the Reserve Bank of India sold US dollars in both offshore and onshore markets today (July 20).

According to financial commentator Yuto Kanzaki, on Saturday a Bank of Japan insider claimed the central bank has decided to unwind the yen carry trade, a mechanism that allows investors to borrow cheap Japanese capital and deploy it in higher-yielding foreign markets. Kanzaki posted: "Japan's

On July 20, China's Loan Prime Rate (LPR) held unchanged for the 14th consecutive month, with the 1-year rate remaining at 3% and the 5-year-plus rate at 3.5%. The decision came as mainland Chinese equity markets rallied on July 20, with the Shanghai Composite Index and ChiNext Index both rising

According to Yonhap Infomax, South Korea's government bond yields surged on July 20 morning. The 3-year benchmark yield rose 5.6 basis points to 3.908%, the 10-year yield climbed 4.0bp to 4.340%, and the 30-year yield increased 4.6bp to 4.522%. The gains were driven by escalating U.S.-Iran

On July 20, the USD-KRW exchange rate traded at 1,482.60 won in Seoul morning session, according to Yonhapinfomax, down from an intraday high of 1,490.60 won reached at 9:02 a.m. The currency pair was up 4.10 won from the prior close of 1,478.50 won. The retreat was driven by risk-off sentiment

The Bank of Korea's Monetary Policy Committee raised the base rate to 2.75% on the 16th and indicated the current level falls within the neutral rate range, sparking debate over the terminal rate target. The policy statement declared a need to 'continue the rate hike stance,' a phrase previously

OCBC released a second-half global economic outlook report on local time July 19, identifying persistent geopolitical risks as a major market misjudgment in the first half of the year. The US-Iran military conflict escalated beyond initial market expectations of a short-term event, with the

According to Meritz Securities on July 20, Bank of Korea Governor Shin Hyun-song did not rule out an August rate increase, though a second consecutive hike appears unlikely if July inflation slows as expected. The analyst noted that July consumer prices are projected to decline month-over-month

According to Jin10, on Monday July 20, offshore CNH HIBOR rates mostly declined. The one-year HIBOR fell to 1.71485%, the lowest level since June 23. Overnight HIBOR rose 1 basis point to 1.43939%, one-week HIBOR held steady at 1.45000%, and two-week HIBOR dropped to 1.46485%.

According to Jin10, hedge funds' net short positions on the New Zealand dollar surged to 29,582 contracts by July 14, up 1,907 from the prior week, marking a record high since 2006. The Commodity Futures Trading Commission (CFTC) data shows traders are betting against the NZD amid concerns over the

According to the Bank of Korea's lending attitude survey released on July 20, domestic banks' composite lending attitude index fell to -7 in the third quarter, tightening from -2 in Q2. Household lending saw the most significant tightening, with mortgage lending at -11 and general household lending

According to SHIBOR data on July 20, overnight SHIBOR reported 1.4120%, up 1.49 basis points. The 7-day rate declined to 1.4310%, falling 0.40 basis points, while the 3-month SHIBOR held flat at 1.4300%.

The Monetary Authority of Singapore (MAS) announced that its monetary policy statement will be released on July 27.

BCA Research recommends selling the US dollar and buying currencies of current account surplus countries including the Korean won, citing parallels between today's macroeconomic environment and the late Bretton Woods era. The independent research firm warns that the dollar is transforming into a

According to BCA Research, in a report released on July 20, the independent research firm warned that the U.S. dollar faces significant depreciation risk as macro conditions mirror the late Bretton Woods era. The firm recommends selling the dollar and buying currencies of current-account surplus

China's Ministry of Finance announced today that the 1-month Treasury cash term deposit rate fell to 1.64% from 1.67%, while the 3-month rate declined to 1.67% from 1.69%.

According to Yonhapinfomax, the Seoul foreign exchange market opened on July 20 with the US dollar-Korean won (USD-KRW) spot rate trading at +0.05 won versus the market average rate (MAR). Non-deliverable forwards (NDF) fixing positions held neutral, indicating a balanced market posture among

Korean government bond futures declined on July 20, with 3-year futures down 17 ticks to 102.72 and 10-year futures falling 43 ticks to 104.98 as of 8:59 AM, according to Yonhap Infomax. The decline followed international oil price surges driven by escalating US-Iran military conflict and renewed ma

Bank of Korea Governor Shin Hyun-song pledged to prepare a briefing on won internationalization and the 24-hour foreign exchange market on July 16, acknowledging current explanations are insufficient. The statement came after the Monetary Policy Committee raised the base rate by 0.25 percentage

According to Yonhapinfomax, on July 20, South Korean government bond futures fell as escalating U.S.-Iran conflict drove crude oil prices higher. The 3-year government bond futures dropped 17 basis points to 102.72, while the 10-year contract declined 43 basis points to 104.98. WTI crude oil