DXY & Forex

Korean automotive companies including Hyundai Motor and KG Mobility are facing mounting financial pressure as prolonged high interest rates increase borrowing costs and dampen consumer demand. According to semi-annual reports, Hyundai Motor's pre-tax profit decreases by approximately 84 billion

According to Jin10, on September 9, COMEX gold rebounded to $4,447.2 per ounce, up 0.18%, while Shanghai gold closed at 956.04 yuan per gram, gaining 0.62%. The U.S. dollar index weakened to 98.71, down 0.15%, as the World Gold Council reported that global gold ETF inflows reached $18 billion in

The People's Bank of China conducted a 3 billion yuan 7-day reverse repo operation today (September 10), with bidding and successful tender amounts both at 3 billion yuan. The operation rate was set at 1.40%, unchanged from the previous

Bitcoin (BTC) remains range-bound, trading at around $78,320 as of September 10. U.S. Treasury Secretary Bessent urged the Senate to advance the CLARITY Act, which aims to establish a comprehensive regulatory framework for digital assets. The U.S. Department of Commerce awarded up to $100 million each to three quantum computing companies—Rigetti, D-Wave, and Quantinuum—under the CHIPS Act, and will take minority stakes in the three companies. Macroeconomic Events & Crypto Highlights U.S. Treasur

On September 10, China's interbank foreign exchange market set the USD/CNY midpoint rate at 6.7766, down 3 points reflecting renminbi appreciation. The EUR/CNY midpoint was set at 7.8446, up 49 points, while GBP/CNY rose to 9.1362, up 54 points.

The yuan-to-dollar midpoint appreciated 3 basis points to 6.7766 against the U.S. dollar on September 9, marking its strongest level since February 8, 2023, according to official exchange rate data.

Foreign stock investors sold 93,173 dollar futures contracts in a single trading session in the Korean currency futures market, the largest net selling since December 24 last year when 112,038 contracts were sold, according to Yonhap Infomax. The selling occurred as the dollar-won exchange rate

According to Bloomberg, on September 10, the U.S. 10-year Treasury yield rose to 4.85%, the highest since 2023, while China's 10-year government bond yield held steady at 1.68%, widening the U.S.-China spread to 317 basis points—the largest gap since 2002. The divergence reflects contrasting

According to CME FedWatch, as of September 10, the Federal Reserve has a 60.2% probability of raising rates by 25 basis points in September, with a 39.8% probability of holding rates steady. For October, the probabilities are 28.3% for no change, 54.3% for a 25 basis point hike, and 17.3% for a 50 b

Japan's 20-year government bond yield rose 3 basis points to 3.73%.

According to Jin10, on September 10, U.S. Treasury Secretary Bessent's repeated warnings to investors against pushing up oil prices or Treasury yields proved ineffective, with markets moving counter to his stated positions. Bessent had claimed investors were making a mistake by opposing him,

According to Yonhapinfomax, Korea Securities Finance completed its debut dollar bond issuance of $300 million on September 9. The 3-year fixed-rate tranche was priced at 47 basis points over U.S. Treasuries, with the final spread tightening to 40 basis points after oversubscription exceeded $2.3

Japan's 30-year government bond yield rose 3 basis points to 3.985% today, according to market data.

Japan purchased 111.9 billion yen of foreign bonds in the week to September 4, reversing to net buying from net selling of 824 billion yen in the previous week.

The dollar-won exchange rate closed at 1,340.60 won at 6am on the 10th, up 4.50 won from the previous Seoul trading session close of 1,336.10 won. The increase reflected rising US Treasury bond yields and surging international oil prices. The US Treasury Department announced an expanded bond

According to Yonhap Infomax, the US dollar to South Korean won (USD/KRW) exchange rate fell to 1,336.10 won on September 10, marking its lowest level in 23 months, before rebounding to 1,340.60 won as U.S. Treasury yields rose. The initial decline was driven by yen strength and foreign investors' ma

The Institute for International Monetary Affairs (IIMA), a leading Japanese private economic research institution, forecasts that the Bank of Japan (BOJ) will implement a rate hike at its September 17-18 monetary policy meeting, though the yen's trajectory will depend on the central bank's

According to the International Institute of Monetary Affairs (IIMA) in a report released on September 10, the Bank of Japan is expected to raise its benchmark interest rate by 0.25 percentage points at its monetary policy meeting on September 17-18, bringing the overnight uncollateralized call rate

Korean government bond futures showed mixed results in overnight trading as US Treasury bonds weakened. The 3-year bond futures closed unchanged at 103.04, matching the previous day's closing price, while the 10-year bond futures fell 26 ticks to 104.86. The weakness followed the US Treasury