DXY & Forex

Singapore's Monetary Authority (MAS) recorded a net profit of SGD 20 billion for the financial year 2025/2026, according to the central bank's leadership statement.

According to Yonhap Infomax, South Korea's foreign exchange swap points fell on July 28, reversing the previous day's sharp rally. The 1-year FX swap point closed at -12.20 won, unchanged from the opening, while 6-month, 3-month, and 1-month tenors declined 0.10, 0.30, and 0.35 won respectively. Th

According to Reuters, President Trump called aboard Air Force One for the Federal Reserve to slash interest rates significantly, arguing the United States should boast the world's lowest borrowing costs. "Rates should be lowered. We have other countries that are paying less interest rates. We should

According to London Stock Exchange Group data released July 28, investors have lowered expectations for additional UK base rate increases in 2026 to a total of 35 basis points, down 12 basis points from the previous week, amid falling oil prices and renewed negotiations aimed at resolving Middle

According to ING analyst Chris Turner, on July 28, the euro failed to gain significant support from the recent oil price decline as markets prepare for a potential Federal Reserve rate hike on Wednesday. London Stock Exchange Group data showed markets are pricing a 34% probability of a rate

According to Jin10, the Australian dollar became the worst-performing G10 currency overnight on July 28, despite leading G10 currencies year-to-date. Mitsubishi UFJ analyst Lee Hardman attributed the weakness to renewed risk-off

According to official fixing, the Chinese yuan (CNY) stood at 6.7674 against the US dollar in onshore trading at 4:30 p.m. Beijing time today, unchanged from the previous day's official close but down 49 pips from the overnight

Italy's trade account with non-EU countries declined to 2.55 billion euros in June, down from 3.84 billion euros in the previous month, according to official trade statistics.

According to Chris Turner, ING analyst, on July 28, if the Swiss National Bank maintains zero interest rates this year, the Swiss franc may weaken further. Turner noted that low Swiss rates amid rising global yields have pressured the franc, making it attractive for carry trade funding. He

Mark Zandi, chief economist at Moody's Analytics, stated on the 27th (local time) via his X account that the Iran war's economic impact now extends beyond energy prices to monetary policy and long-term interest rates. Zandi explained the war has driven US borrowing costs higher, with 10-year

According to Moody's Analytics chief economist Mark Zandi on July 27, the economic fallout from the Iran war has expanded beyond energy prices to U.S. monetary policy and long-term interest rates. The 10-year U.S. Treasury yield has risen from below 4% pre-war to near 4.7%, while 30-year fixed-rate

According to Lin Weilong, director of China's Ministry of Commerce Policy Research Office, China rejects recent EU concerns over yuan undervaluation on July 28. Lin stated that discussing alleged currency issues is not conducive to stable development of China-EU economic and trade relations. China-E

According to Prism via Jin10, dissenting votes at this week's Federal Reserve meeting will be closely watched as a gauge of internal disagreement within the Federal Open Market Committee. The bank expects a vote of 10 in favor and 2 opposed, with Logan and Hammack voting against, advocating for a 25

According to the IMF's latest financial system stability assessment released this month, Brazil's cryptocurrency-based cross-border flows have surpassed traditional capital movements since 2017. The flows are predominantly driven by stablecoins, with businesses and individuals using them for

According to LGT Asia Private Banking, on July 28, the USD/JPY trading range is forecast to shift higher to 157–165 yen from the previous 155–160 yen. The two experts cited multiple factors driving the change, including the significant interest rate differential between the U.S. and Japan,

According to Jin10, Eurozone government bond yields fell in early trading on July 28, tracking movements in U.S. Treasury yields amid declining oil prices as efforts to resolve Middle East conflicts continue. Germany's 10-year yield dropped 2.1 basis points to 3.105%.

According to Citadel Securities, the Fed is expected to raise rates by 25 basis points this week, with chief strategy officer Frank Flight saying the move would reinforce Fed Chair Kevin Warsh's credibility in combating inflation. Interest rate swap markets currently reflect approximately 40%

SK Hynix and Samsung Electronics drove the USD-KRW exchange rate lower on May 28 through large-scale dollar sales, offsetting custody dollar demand from foreign stock sell-offs. The exchange rate fell 3.40 won to 1,465.10 won as of 1:47 PM versus the prior close of 1,468.20 won. The downward