DXY & Forex

According to multiple brokers, the USD-KRW spot MAR in Seoul's foreign exchange market was quoted at +0.05 won before market open on July 27. NDF (non-deliverable forward) fixing positions were neutral, indicating that regional market participants faced a balanced positioning ahead of the market

The Indonesian rupiah declined to 17,970 per U.S. dollar during early trading on July 27.

South Korean bond market participants are raising terminal rate expectations amid growing forecasts for back-to-back interest rate hikes in August. Market consensus had anticipated the base rate reaching around 3.5% by mid-next year through gradual quarterly increases. Following last week's GDP grow

South Korea's credit market showed relative resilience in July following the Bank of Korea's interest rate hike decision. Prior to the Monetary Policy Committee meeting, buying interest weakened amid concerns over rate increases, but some demand recovery emerged afterward. The stabilized

On May 27, forex dealers in the Seoul foreign exchange market forecast that the USD-KRW exchange rate will move around the mid-to-late 1,450 won range based on supply and demand. Over the weekend, Esmail Baghaei, spokesperson for Iran's Foreign Ministry, stated that Iran is 'in dialogue with the

CNBC argued this week that the US Federal Reserve should raise interest rates, citing South Korea's delayed policy response as a warning. Korea's AI stock surge fueled household debt increases, leading to further stock and real estate purchases. The Bank of Korea raised rates mid-month for the

The USD-KRW exchange rate fell to 1,460 won recently, down from near 1,600 won in June, according to Kiwoom Securities economist Kim Yu-mi on the 27th. The decline stems from improved domestic fundamentals and forex market supply-demand conditions rather than dollar weakness. Fundamental

The People's Bank of China conducted a 325.5 billion yuan ($45.8 million equivalent at current rates) 7-day reverse repurchase agreement operation today (July 27), with both the bid amount and successful bid amount equaling 325.5 billion yuan. The operation rate was set at 1.40%, unchanged from the

Seoul foreign exchange market banks completed mid-year personnel reshuffles in their FX dealing rooms. The dollar-won spot market transitioned to 24-hour trading five days a week from the 6th of this month, prompting banks to replace chief dealers

According to Yonhapinfomax, on July 27, major South Korean banks completed mid-year personnel restructuring of their foreign exchange dealing rooms. The reorganization follows the shift of the dollar-won spot market to five-day, 24-hour trading starting July 6. Banks including IBK Corporate Bank,

On July 27, the USD/CNY midpoint in China's interbank foreign exchange market fell to 6.7911, declining 28 pips as the yuan strengthened. Multiple other currency pairs also shifted, with EUR/CNY rising 30 pips to 7.7267, GBP/CNY up 116 pips to 9.0494, and AUD/CNY gaining 96 pips to 4.7400.

According to Yonhapinfomax, on July 27, the USD/KRW exchange rate fell to the 1,450 won level overnight as technical indicators entered oversold territory. The previous trading day's low hit 1,458.50 won. The relative strength index (RSI), a key momentum indicator, dropped to 28.76, falling below th

According to China International Capital Corporation (CICC), the report released on July 27 predicts that dedollarization remains the long-term trend despite short-term fluctuations in dollar reserves. CICC noted that while the dollar's share of global allocated foreign exchange reserves rebounded t

The USD-KRW exchange rate tested the lower end of the 1,450 won range on July 27, driven by selling pressure from SK Hynix's American Depositary Receipt (ADR) fund conversions and export company settlements. SK Hynix's large-scale dollar selling, combined with exporter settlements ahead of month-end

According to Yonhap Infomax, on July 27, the USD/KRW rate is expected to test the downside around 1,450 won, driven by SK Hynix's ADR fund conversion selling and easing geopolitical tensions. The U.S. and Iran halted reciprocal airstrikes overnight, reducing Middle East risk premium and supporting w

According to Yonhapinfomax, 26 South Korean securities firms issued 9.22 trillion won in corporate paper (CP) and short-term bonds last week (July 20-24). Hana Securities led issuances with 2.804 trillion won, followed by DB Securities with 1.105 trillion won and LS Securities with 790 billion won.

Neil Dutta, chief economist at Renaissance Macro Research, suggested the Federal Reserve may raise interest rates at this month's Federal Open Market Committee (FOMC) meeting, according to Business Insider. Dutta argued that persistent inflation pressures - including a stable labor market,

According to Business Insider, Neil Dutta, chief economist at Renaissance Macro Research, predicted yesterday that the Federal Reserve could execute a surprise rate hike at this month's FOMC meeting. Dutta cited persistent inflation pressures, including a June consumer price index of 3.5%

According to Jin10 Futures, as of 8:45 am on July 27, the CFETS-NEX yuan liquidity sentiment index reported 52, flat compared to 16:00 yesterday. By institution type, large banks, mid-sized banks, and non-bank institutions reported readings of 51, 53, and 51 respectively, all unchanged. The index

According to People's Bank of China data, reverse repurchase agreements (7-day maturity) worth 1.0205 trillion yuan mature this week, with 400 billion yuan of medium-term lending facility (MLF) also due on Monday (July 28). The central bank announced it will conduct 600 billion yuan of overnight rev