DXY & Forex

According to Jin10, on October 29, CFETS-NEX yuan liquidity sentiment index reported 53 as of 10:15, up 4 points from 08:45. Among institutional sectors, large banks' index was at 50 (up 4 points), mid-size banks at 53 (up 4 points), and non-bank institutions at 56 (up 5 points).

Nomura Securities lowered its confidence level in a Korean bond buying strategy on October 29, reducing conviction in the 5-year won interest rate receive position from 80% to 60%. The adjustment reflects three factors: stabilized tech stock sentiment, relative outperformance of Korea's bond

According to Nomura Securities, on October 29, the brokerage lowered its conviction level on 5-year Korean won interest rate receive strategy from 80% to 60%, citing improved tech stock sentiment, stronger Korean bond market performance relative to other Asian markets, and accumulated long

According to Danske Bank, on Thursday, Oct 29, EUR/USD retreated to trade near 1.1140 after the U.S. Federal Reserve held rates unchanged, prompting a dollar rebound. The European Central Bank kept its deposit rate at 2.50% as expected, following 50 basis points of cumulative rate hikes earlier

According to Jin10, USD/CAD fell to 1.3975 on Thursday morning (October 29) as the Canadian dollar strengthened following the Bank of Canada's rate hike. Brown Brothers Harriman analysts noted that underlying inflation trends align closely with the central bank's projections. September trimmed

According to ChainCatcher, GBP/USD fell to around 1.33 during Asian trading today as the U.S. dollar strengthened on expectations of a Federal Reserve rate hike in December. CME FedWatch tools show approximately 80% probability of a December rate increase, with geopolitical uncertainty further

Seoul forex market dealers forecast on October 29 that the USD-KRW exchange rate will trade within the 1,340 won range, balancing upward and downward pressures. The forecast follows the October Federal Open Market Committee (FOMC) meeting held overnight, where the Federal Funds Rate (FFR) target ran

According to Yonhapinfomax, on October 29, Federal Reserve Chair Kevin Walsh praised Bank of Korea Governor Shin Hyun-song at the October Federal Open Market Committee meeting, describing him as a "very talented" leader he has known for two decades. Walsh recalled meeting Shin around 2008 during the

The Malaysian ringgit strengthened to 4.065 against the U.S. dollar, reaching its highest level since late September.

According to Yonhap Infomax, on October 28, South Korea's KOSPI index surged 6.63% to 6,012.44, while the USD/KRW exchange rate rose 14 won to 1,337.70. Foreign investors net bought approximately 144,300 USD futures contracts—a record high—as they increased currency hedging amid surging stock

Bitcoin (BTC) staged a V-shaped rebound and was trading at around $80,920 as of October 29. The US Commodity Futures Trading Commission (CFTC) is reopening its investigation into whether Polymarket violated its agreement to bar US users, drawing attention. Strategy shareholders approved daily dividend accrual for STRC, STRF, STRK, and STRD, with 99.3% voting in favor. Macro Events & Crypto Hot Topics US prediction market platform Polymarket is once again facing regulatory scrutiny. According to

Jeff Gundlach, CEO of DoubleLine Capital known as the 'Bond King,' expressed support on the 28th local time for reducing the Federal Reserve's annual Federal Open Market Committee (FOMC) meetings from eight to six. Speaking on CNBC, Gundlach stated he does not believe eight meetings per year are

FXONE, South Korea's first licensed customer-facing foreign exchange brokerage, signed a memorandum of understanding with KustodyFi, an AI-based forex fintech company, on the 29th to digitize corporate foreign exchange operations from fund management to trade execution. The partnership aims to

According to CNBC on October 28, Jeff Gundlach, CEO of DoubleLine Capital, expressed support for reducing annual Federal Reserve monetary policy committee (FOMC) meetings from the current 8 to 6. Speaking on the network, Gundlach argued that holding eight annual meetings is unnecessary, citing the F

South Korea's Deputy Prime Minister and Finance Minister Lee Hyung-il stated on the 29th that the government will closely monitor risks to the government bond market from US midterm elections and French fiscal instability, and will carefully review November issuance volume. Lee chaired an expanded m

The Chinese yuan strengthened against the U.S. dollar, with the midpoint rate appreciating 18 pips to 6.7147 today compared to the previous trading day. This marks the highest level since February 2, 2023.

The Federal Reserve (Fed) announced the FOMC interest rate decision on October 28, with the decision approved by a 10-2 vote and the federal funds target range held unchanged at 3.75%-4.00%. As this was a non-quarterly meeting, no dot plot or Summary of Economic Projections was released. Interest-rate-sensitive assets, including U.S. stocks, the dollar, and Bitcoin, saw significant volatility during the press conference; Bitcoin staged a V-shaped rebound on October 29, trading at $81,026 at pres

The US Federal Reserve held interest rates steady on 28일 (local time) after concluding a two-day Federal Open Market Committee (FOMC) meeting, with the vote passing 10-2. Experts assessed the pause as a reasonable move to evaluate the effects of prior rate increases, though multiple forecasts

Two Bank of Korea officials published research in Finance Research Letters showing that over 70% of the Korean won's depreciation in December 2024 stemmed from Korea-specific political risk following the martial law declaration. Kim Ji-hyun and Kim Min, both managers in the Bank of Korea's

According to a research paper published in Finance Research Letters by Bank of Korea officials Kim Ji-hyun and Kim Min, over 73% of the Korean won's weakness following the December 3, 2024 martial law declaration stemmed from Korea-specific political risk. Among the won's 3.20 percentage point