DXY & Forex

Iran and Oman are close to finalizing a deal to manage commercial shipping through the Strait of Hormuz, a waterway that handles roughly 20 million barrels of oil per day, representing about 20% of global oil supply. Negotiations began in late July 2026, following an April 2026 draft protocol that p

Iran and Oman are nearing a deal to manage shipping through the Strait of Hormuz, a waterway handling roughly 20 million barrels of oil daily. Negotiations started in late July 2026, with Oman proposing a 50-50 split of transit lanes. Iranian Deputy Foreign Minister Kazem Gharibabadi rejected this p

The won-dollar exchange rate fell 125.4 won in July to close at 1424.0 won on July 31, down from 1549.4 won at the end of June, marking the largest monthly decline since March 2009 during the global financial crisis, according to MPDoctor. The drop occurred despite the KOSPI falling over 22% during

According to E-Daily, in July the Korean won fell over 125 won against the U.S. dollar, marking its largest decline since the global financial crisis. The currency drop coincided with a 22% decline in the KOSPI index, an unusual pattern that breaks the traditional market formula where stock market d

According to Japan's Finance Minister, Tokyo and Washington will announce a joint action to curb yen depreciation on Monday (August 3).

According to JPMorgan's U.S. rates strategy chief Jay Barry, the Federal Reserve is now expected to raise rates in December 2026, at least six months earlier than the bank's previous forecast of mid-2027. The expected federal funds target range is projected at 3.75%-4%. JPMorgan raised its

According to Reuters and Japanese media reports, the U.S. and Japanese governments jointly intervened in foreign exchange markets from July 30 to August 1, purchasing yen and selling dollars to combat yen depreciation. The yen strengthened from 163 per dollar to 157 per dollar within 50 minutes on J

Over the past three months, Japan reduced its U.S. Treasury holdings by $96 billion, bringing total holdings to $1.14 trillion, the lowest level since April 2025, according to market sources.

According to Jin10, next week (August 3-9) will bring multiple key economic data releases. Monday will see China's July manufacturing PMI and the U.S. July ISM manufacturing PMI; Tuesday features the U.S. June trade balance and JOLTS job openings; Wednesday brings the U.S. ADP employment change and

According to CoinDesk, crypto exchanges' traditional asset perpetual futures trading volume reached $1.32 trillion in the first five months of 2026, far surpassing the full-year 2025 total of $104.21 billion, per CoinGecko data. Monthly volume grew from $230 million in January 2025 to $347.17 billio

According to CCTV, U.S. Treasury Secretary Bessent announced on July 31 that the Treasury Department is pursuing Iranian assets worldwide under President Trump's direction as part of an ongoing economic campaign against Iran. Bessent cited measures taken since March 2025, including actions that

According to Cheong Wa Dae spokesperson Kang Yu-jeong, South Korean President Lee Jae-myeong will hold a closed-door meeting on real estate policy and stock market issues immediately upon returning from an 11-day tour of the U.S. and three South American countries on August 2. During the president's

Bitcoin posted a 7.36% return in July but faces mounting pressure in August as macro headwinds intensify. The USD/JPY pair dropped over 3% from 164 to 157 after Japan spent $52.8 billion defending the yen, with the U.S.

According to AMBCrypto, Japan spent $52.8 billion defending the yen this week, with USD/JPY falling more than 3% to 157 from 164. The U.S. Treasury also sold euros to buy yen, marking America's first yen intervention since 1998. The move has rippled across markets. The 30-year U.S. Treasury yield c

According to Reuters, on July 31, a note from U.S. Treasury Secretary Bessen was photographed by reporters at a cabinet meeting at Camp David, revealing a plan to purchase $5 to $10 billion in Japanese yen. The leaked document indicated the U.S. government's intention to intervene in currency

The Korean won appreciated 8.81% against the US dollar in July, marking the sharpest monthly gain since the global financial crisis. The won-dollar exchange rate fell 125.4 won during the month, closing at 1424.0 won on July 31 compared to 1549.4 won at the end of June, according to the Bank of Kore

According to South Korea's Bank of Korea, the Korean won strengthened to 1,424.0 against the U.S. dollar on July 31, up 8.81% from 1,549.4 at the end of June—marking the largest monthly appreciation since March 2009 during the global financial crisis. The surge was driven by SK Hynix's dollar