DXY & Forex

According to Citi Bank Chief Economist Kim Jin-wook, the bank has revised its long-term USD/KRW forecast to 1,250 won from 1,400 won, driven by strong South Korean trade performance. South Korea's September trade surplus hit a record $49.9 billion, with semiconductor exports surging 189% year-over-y

Asahi Noguchi, a former Bank of Japan board member and Senshu University professor, said Japan no longer needs fiscal or monetary stimulus and predicted the BOJ will raise its benchmark interest rate to 1.5% in December, according to a Reuters report on October 5. Noguchi cited underlying

According to Bloomberg, as of early October, the U.S. 10-year Treasury yield exceeded 5.3% and the 30-year yield reached 5.69%, marking the highest levels since 2002. Despite rising long-term rates, tech stocks remain resilient, with the Nasdaq-100 hitting an all-time high and the S&P 500 near

According to Guru Club, the U.S. Dollar Index broke above the 102 level on October 5, up 0.07% intraday.

US stock markets continued rising despite surging Treasury yields on October 2nd, as AI stocks led by NVIDIA supported major indices in a decoupling phenomenon. The Nasdaq 100 closed at 30,807, up 306 points (1.0%), reaching a new record high, while the 10-year Treasury yield rose 0.03 percentage po

According to Jin10, Asian currencies consolidated against the US dollar early today, supported by cooling expectations for further Federal Reserve rate hikes. A September US jobs report showed weaker-than-expected labor market conditions, prompting markets to significantly lower expectations for a r

According to Jin10 Data, on October 5, Brazil's presidential election first round produced no winner, with none of the 12 candidates securing over half the votes. Top vote-getters Flavio Bolsonaro and Lula will face each other in a runoff scheduled for October 25.

According to data released Friday, the U.S. added only 29,000 nonfarm jobs in September, far below the Wall Street consensus of 90,000, while the unemployment rate ticked up to 4.2%. The weak employment report sparked a sharp pullback in market expectations for a Federal Reserve rate increase in

The USD-KRW 1-month NDF fell to 1,342.30 won on October 2 (local time) as the US dollar weakened following disappointing September employment data. The US Labor Department reported non-farm payrolls increased by only 29,000 in September, far below the 90,000 market forecast and down over 100,000

According to Yonhap Infomax, the dollar-won 1-month NDF in New York's offshore market fell to 1,342.30 won (MID) on October 2, declining 7.50 won from the previous session's spot rate of 1,350.60 won in Seoul. The U.S. dollar index retreated below 102 to 101.901 after U.S. employment data

According to CME FedWatch, on October 5, the market priced a 77.9% probability that the Federal Reserve will maintain interest rates unchanged at its October decision, with a 22.1% probability of a 25 basis point rate hike. For December, the probability of holding rates steady stands at 11.4%,

South Korea recorded a record trade surplus of $49.8 billion in September as exports surged 83.5% year-over-year to $120.9 billion, according to data released October 5 by the Ministry of Trade, Industry and Energy. The unprecedented export growth drove imports up 26.0% to $71.1 billion, with both e

According to securities firms, Samsung Electronics will release third-quarter preliminary earnings on October 8 amid concerns over won appreciation; consensus operating profit forecasts fell to 105 trillion won from 122.4 trillion won estimated in August. Meanwhile, the U.S. 10-year Treasury yield s

According to Korea Exchange, KOSPI fell 1.09% last week (September 28 to October 2) as surging U.S. Treasury yields weighed on the market. The 10-year Treasury yield climbed to 5.34% during trading, marking its highest level since 2002, triggering sell-offs in the bond market that rippled into

Recent data reveals that U.S. job growth nearly stalled in September, adding only 29,000 positions. This slowdown has significantly reduced the likelihood of an October Federal Reserve interest rate hike, with odds dropping from 64% to 22%. The easing of rate hike expectations could provide relief f

U.S. federal debt crossed $40 trillion in August, surpassing the combined government debt of China, Japan, the UK, and France. Global debt reached a record $365.5 trillion by the end of June after rising more than $10 trillion in the first six months, according to the Institute of International

According to Jin10, White House National Economic Council Director Hassett expressed disagreement with interest rate hikes but said today (October 4) he respects Federal Reserve Chair Waller's decision to raise rates, acknowledging that Waller acted for "the right reasons" and "with the people." Has

According to Bank of America, U.S. 5-year Treasury yields surged to 5.033% recently, marking the first breach above 5% since 2007. The bank's derivatives team warned that AI-driven growth narratives currently serve as the primary buffer against broader macroeconomic risks in financial

Next week, China will release September foreign exchange reserves and M2 on Wednesday and Friday, respectively. The U.S. will publish multiple economic indicators including PMI, ADP employment, and EIA crude oil inventory throughout the week. The Federal Reserve will also release minutes from its S

According to Jin10, Australia entered daylight saving time on October 4, with financial market trading hours and economic data release times advancing one hour compared to standard time.