DXY & Forex

According to MUFG's Derek Halpenny on July 30, the Bank of England's rate decision could lift the pound if it strengthens market expectations for a September rate hike. The market currently reflects a 50% probability of a rate increase in September.

According to ING analyst Alexander Krueger on July 30, the European Central Bank is unlikely to consider raising interest rates above 2.50% from their current level of 2.25%, despite positive economic surprises in the second quarter. Krueger noted that the eurozone economy expanded 0.4%

According to the Australian Securities and Investments Commission (ASIC), the Supreme Court of New South Wales recently ordered the winding up of Capital Guard AU Pty Ltd following findings of alleged investment fraud. The company raised approximately A$17.4 million from around 80 investors

According to Yonhapinfomax, South Korean government bond yields rose across tenors on July 30 following the Federal Reserve's monetary policy decision overnight. The 3-year yield climbed 3.1 basis points to 3.831%, while the 10-year yield increased 5.4 basis points to 4.311%. The Fed maintained

Offshore Chinese yuan (CNH) touched intraday highs today not seen since February 2023, according to market data.

South Korean retail investors purchased $749.2 million in US bonds this month (1-29th), marking the largest monthly net buying of the year, according to Korea Securities Depository data released on the 30th. The surge reversed a net selling position of $166.58 million in the previous month, driven b

According to Korea Securities Depository, Korean retail investors purchased $749.2 million of U.S. Treasuries in July (through July 29), marking the largest monthly inflow this year and reversing June's net outflow of $166.58 million. The surge was driven by rising long-term U.S. Treasury yields, w

According to Jin10, British 30-year gilt yields climbed to 5.759%, a one-week high, on July 30 after the Federal Reserve maintained interest rates unchanged. The Fed provided no forward guidance on future policy actions, heightening market uncertainty. Tickmill Group analyst Patrick Munnelly noted t

According to Yonhapinfomax, the Bank of Korea completed real-transaction testing for Project Agora on July 30, with participation from 28 institutions across 6 currencies including Korean won, U.S. dollar, euro, British pound, Swiss franc, and yen. Domestically, the BOK and five commercial banks par

According to the Federal Reserve announcement on July 29, the FOMC held the federal funds rate at 3.50% to 3.75% in a narrow 9-3 vote, with three regional Fed presidents—Beth Hammack, Neel Kashkari, and Lorie Logan—dissenting in favor of a 25 basis point hike, marking the first coordinated hawkish d

Italy's unemployment rate reached 5.7% in June, exceeding analyst expectations of 5% and the prior month's rate of 5%.

According to Yonhap Infomax, the USD/KRW exchange rate fell to 1,437.40 won on July 30, down 9.30 won from the previous day's close of 1,446.70 won, marking its lowest level since February 26. The decline was driven by month-end demand for won purchases from exporters like SK Hynix and Samsung

The Eurozone's unemployment rate reached 6.3% in June, exceeding the forecasted 6.2% and rising 0.1 percentage points from May's 6.2%.

FX swap points in South Korea's foreign currency funding market closed mostly flat on July 30 amid mixed supply and demand. The 1-year maturity FX swap point ended unchanged at minus 12.50 won, while shorter-term instruments showed limited movement. Market participants attributed the range-bound

According to Yonhapinfomax, on July 30, South Korea's FX swap points closed mostly flat across most tenors. The 1-year maturity settled at -12.50 won versus opening levels, while the 6-month and 3-month maturities ended at -5.70 won and -2.45 won respectively. Short-term maturities showed mixed

Eurozone is due to release key economic data on July 30, including second-quarter GDP year-on-year initial reading, June unemployment rate, and July industrial confidence and economic sentiment indices. The data releases are scheduled for later

The Federal Reserve held the federal funds rate at 3.50% to 3.75% on July 29 in a 9-3 vote, with three regional Fed presidents—Beth Hammack, Neel Kashkari, and Lorie Logan—dissenting in favor of a 25 basis point hike. Policymakers cited persistent inflation around 4.1% and resilient economic

According to Jin10, the IMF forecasted on July 30 that U.S. government debt will reach $40.7 trillion in 2026, maintaining the world's highest absolute debt level, while Japan's debt-to-GDP ratio stands at 204%, the highest globally. China's Central Committee called for accelerating fiscal

Following Fed Chair Kevin Warsh's comments at the FOMC press conference on July 29, market concerns about the Fed's inflation-fighting credibility prompted a sharp repricing. The 30-year Treasury yield surged 10 basis points to 5.21%, marking the highest level since June 2007, while the 2-year yield

According to Jin10 Futures, as of 4 p.m. on July 30, the CFETS-NEX China FX Sentiment Index stood at 48, unchanged from 2:30 p.m. The index for large-sized banks, mid-to-small banks, and non-bank financial institutions were reported at 47, 49, and 47 respectively, all stable. The index ranges from 0