DXY & Forex

Apollo Global Management says the Japanese yen carry trade broke down after April 2025, ending a decades-long correlation between the currency and US-Japan interest rate differentials. Chief Economist Torsten Slok identifies April 2, 2025 as the break point, when sweeping US tariffs triggered

According to Apollo Global Management Chief Economist Torsten Slok, on August 6, the Japanese yen carry trade broke down since April 2025, with Japan's debt crisis now becoming the primary driver of currency movement rather than interest rate differentials. The yen weakened to 164 per dollar in

According to New York Federal Reserve data, on August 5, the secured overnight financing rate (SOFR) fell to 3.64% from 3.66% a day earlier. The effective federal funds rate remained unchanged at 3.63%.

According to the Central Bank of Bosnia and Herzegovina, the country formally applied to join the Single Euro Payments Area (SEPA) on August 6. The move represents a significant step in Bosnia and Herzegovina's integration into Europe's payment infrastructure. SEPA currently comprises all 27 EU

Retail brokers increasingly rely on cohort analysis, survivorship rates, and lifetime value calculations to measure client quality, according to industry specialists Alexander Medvedev, Head of Research at Exness, and Stanislav Galandzovskyi, Co-Founder at FinforceOne. The shift comes as customer ac

According to sources familiar with Fed Chair Kevin Walsh's thinking, Walsh is prepared to raise interest rates if inflation data published in coming weeks comes in hotter than expected and the market significantly increases expectations for rate hikes, the Financial Associated Press reported on

U.S. 10-year Treasury yields rose to approximately 4.65% on August 6, up 3.5 basis points for the day.

According to the Financial Times, Federal Reserve Chair Waller will prepare to raise interest rates in September if upcoming inflation data shows strength and market expectations for higher borrowing costs intensify, sources

According to the Financial Times on August 6, Federal Reserve Chair Powell is prepared to raise interest rates at the September meeting if upcoming inflation data comes in strong and market expectations for higher borrowing costs increase. Powell acknowledged making communication errors during his f

According to ASIC, GFA Capital Markets has had its Australian Financial Services licence suspended for five months, effective from July 23 through December 18, 2026, after the regulator identified multiple breaches involving client money handling, derivative transaction reporting and compliance

According to Bloomberg, Germany is considering nominating Bundesbank President Joachim Nagel to compete for the European Central Bank presidency, as speculation mounts that current ECB President Christine Lagarde may step down early. German Finance Minister Lars Klingbeil, both from the Social

According to Yonhapinfomax, the USD/KRW exchange rate rebounded to 1,429.50 won in London trading on August 6 after dropping to 1,414.50 won (the lowest level since October last year) during the Seoul morning session. The currency pair recovered from morning lows as foreign investors' stock sales tr

According to a Reuters survey, the USD/CAD exchange rate is expected to decline 2.6% to 1.366 within 12 months. The August forecast represents an upward revision from July's expectation of 1.36.

According to a Reuters survey, the U.S. dollar is expected to trade roughly flat against the Canadian dollar at 1.40 over the next three months, consistent with the previous July survey findings.

China's Central Bank and Argentina's Central Bank recently renewed their bilateral currency swap agreement, with a total size of 130 billion yuan (28 trillion Argentine pesos). The agreement is valid for five years and can be extended by mutual consent, according to approval by China's State

According to Seoul's bond market, South Korea's government bond yields rose on August 6 following a rebound from the previous day's sharp decline. The 3-year yield increased 7.3 basis points to 3.742%, while the 10-year yield rose 4.5 basis points to 4.195%, with the 30-year yield up 0.5bp to 4.516%

According to 이데일리, the US and Japan intervened jointly in foreign exchange markets on July 29 for the first time in 15 years to stem excessive yen depreciation. The coordinated action, aimed at slowing rather than reversing the yen's structural weakness, also allowed Japan to access dollar

Eurozone retail sales fell to 0.7% year-over-year in June, according to Eurostat, missing expectations of 1%. The prior month's figure was also revised upward to 1.9% from the previously reported 1.6%.

Eurozone retail sales fell 0.3% month-on-month in June, missing economists' forecast of 0.1% growth. Prior month's figure was revised upward to 0.4%.

FX swap points in Seoul's foreign exchange market declined across all maturities for two consecutive days on the 6th, as reserve requirement-related won funding demand eased. The 1-year maturity swap point closed at -12.70 won, down 0.10 won from the opening price. The decline was attributed to the