DXY & Forex

Robin Brooks, former Goldman Sachs foreign exchange analyst, predicted the September Federal Open Market Committee (FOMC) meeting will disappoint markets and drive up long-term interest rates. Brooks stated the upcoming meeting will be a 'nightmare' for Federal Reserve Chair Kevin Wash. He

According to Jin10, China's central bank Governor Pan Gungsheng published a signed article in Qiushi magazine on September 16, stating that slower financial total growth will help maintain macroeconomic leverage ratios at stable levels. Pan noted that China's macro leverage ratio has risen rapidly i

On September 16, People's Bank of China Governor Pan Gongsheng published an article in Qiushi Magazine outlining a shift in monetary policy framework. The central bank will de-emphasize quantity targets, particularly single-channel loan metrics, treating financial aggregates as observational and

Bitcoin (BTC) weakened further, trading at around $75,900 on September 16. The CLARITY Act failed to pass a vote in the U.S. Senate, with its probability of passing this year falling to the single digits. Veteran U.S. Crypto lawyer Jake Chervinsky said, “Bad legislation is worse than no legislation.” Kazakhstan announced that it would establish a national Crypto analysis center. Macro Events & Crypto Highlights The U.S. Senate held a procedural cloture vote on the CLARITY Act. The vote required

According to an article by PBC Governor Pan Gongsheng published in Qiushi on September 16, simply using credit growth to gauge the strength of financial support to the real economy is no longer appropriate. The article noted that tech companies at different development stages have varying

According to Cointelegraph, 19 of 22 major Wall Street institutions predict the Federal Reserve will raise rates by 50 basis points in September, with the majority expecting a 0.5% increase. Goldman Sachs forecasts a 25 basis point hike, while Bank of America, Deutsche Bank, and RBC expect a 75 bas

The Korean FX swap market exhibited a positive basis starting in late June, marking a significant shift from the negative basis that had prevailed during the USD/KRW exchange rate's prolonged rise to near 1,550 KRW. The positive basis — where the implied KRW interest rate in FX swaps exceeds the

The USD/KRW FX swap market exhibited positive basis levels in late June, signaling a shift in currency liquidity dynamics. One-month FX swaps traded at positive levels when the one-month interest rate differential between KRW and USD stood at 1%, indicating basis exceeded 1%. This phenomenon

According to the People's Bank of China, on September 16, the central bank conducted 110 billion yuan in 7-day reverse repo operations at fixed rates through quantity-based bidding, fully meeting demand from primary dealers. Additionally, 600 billion yuan in overnight reverse repos were conducted.

Bank of Korea Economic Research Institute researchers Lee Chan-ho and Shim Hye-jin published a report titled 'Geopolitical Fragmentation and Global Reserve Asset Restructuring' analyzing central bank reserve asset restructuring trends. The report defines the trend as 'portfolio diversification

The author of Rich Dad Poor Dad, Robert Kiyosaki, warned in a post on X on September 15 that “the biggest crash in history has begun.” He said the stock and bond market crash began in Europe and Japan in 2026, is now spreading to global markets, and is being driven by the AI boom bubble, the war in Iran, excessive debt worldwide, and the enormous pressure that Baby Boomer retirements are placing on the liquidation of retirement assets. Kiyosaki recommends Bitcoin, gold, and silver as stores of w

According to the Bank of Korea Economic Research Institute report released on September 16, central banks' adjustment of foreign exchange reserves amid geopolitical risks represents portfolio diversification within the dollar-centered system rather than de-dollarization. The report found that

According to the official midpoint rate, the Chinese yuan strengthened against the U.S. dollar by 42 points to 6.7628 on September 15, marking its strongest level since February 3, 2023.

Seoul's bond market maintained a cautious stance ahead of the Federal Reserve's FOMC meeting. Global investment banks have adjusted their consensus to two or more rate hikes this year, prompting concerns about accelerating bond depreciation as major economies' treasury yields surge. Market

The US Federal Reserve faces heightened expectations for its first rate increase in three years at the September 15-16 Federal Open Market Committee meeting, with market attention turning to the Korean won's resilience. BOK Governor Shin Hyun-song stated at the Jackson Hole meeting end of last

Wall Street analysts are urging the Federal Reserve to raise interest rates one day ahead of the Federal Open Market Committee (FOMC) decision, warning that failure to act could trigger a harsh bond market response. Michael Kramer, founder and CEO of Mott Capital Management, noted that the 3-month

According to Yonhapinfomax, the USD/KRW exchange rate hit 1,364.60 won on September 16 at 6 a.m. local time, rising 18.40 won from the previous day's early morning close and marking a year-high as U.S. Treasury yields soared overnight. The 10-year Treasury yield climbed to 5.0450%, the highest

According to Mott Capital Management founder Michael Cramer, ahead of the Federal Reserve's FOMC decision today, market pricing strongly signals expectations for an interest rate hike. Cramer noted that 3-month Treasury bills are trading more than 40 basis points above the effective federal funds ra

A Bank of Korea Monetary Policy Committee member raised concerns about potential repatriation of Japanese overseas investment funds impacting US Treasury supply and global long-term interest rates, according to meeting minutes released on September 16. The committee member highlighted risks from Jap

According to the Bank of Korea's Monetary Policy Committee meeting minutes released yesterday (September 15), dated August 27, committee members raised concerns that a repatriation of overseas investment funds by Japan's Government Pension Investment Fund (GPIF) and other domestic investors could