DXY & Forex

Natixis investment bank predicts three Federal Reserve officials will cast dissenting votes favoring a 25 basis point rate hike at the October 28 Federal Open Market Committee meeting, according to a report released October 26 by Chief US Economist Christopher Hodge. The three officials

According to Jin10, the Brazilian real depreciated sharply against the yen on October 27, yet the Japanese currency's role as a financing source for Latin American carry trades remains stable. Other regional currencies including the Chilean peso, Colombian peso, and Mexican peso appreciated,

According to Yonhapinfomax citing forecasts from 10 major brokerage firms, LG Innotek's third-quarter operating profit is projected to plunge to 115.4 billion Korean won, down 43.3% year-over-year, as currency weakness eroded margins. The

SBI Holdings and Startale Group signed a memorandum of understanding with BlackRock Financial Management and BlackRock Japan on Oct. 26 to link a yen-denominated stablecoin with a tokenized money market fund. The partnership centers on SBI's yen-based stablecoin JPYSC and a tokenized MMF, aiming to

Bitcoin (BTC) remains range-bound, trading at around $80,110 on October 27. Ripple National Trust Bank received final approval from the U.S. OCC, enabling it to support RLUSD and provide digital asset custody services for businesses. The NBA has teamed up with Kalshi and Polymarket, officially entering the prediction market space. Macro Events & Crypto Hot Topics Ripple CEO Brad Garlinghouse announced that the U.S. Office of the Comptroller of the Currency (OCC) has granted final approval to Rip

Forex dealers in the Seoul foreign exchange market on May 27 opened the possibility of USD/KRW entering the 1,310 KRW range, driven by continuous negotiation inflows and recovering global risk appetite. Dealers attributed the expected downward pressure on the exchange rate to steady negotiation

U.S. Treasury Secretary Scott Bessent stated on local time 26th that Iran's economy is collapsing as the United States intensifies financial pressure. Bessent explained during an appearance on Fox Business's 'Brian Kilmeade Show' that the Trump administration is isolating Iran's economy by

South Korea's net external financial assets are expected to rebound significantly in Q3 2025 after suffering a record $689.5 billion decline in Q2, according to data from the Bank of Korea reported on October 27. The anticipated recovery stems from a sharp drop in domestic stock prices, which

According to Bloomberg, Dutch cryptocurrency industry organizations warned that excluding digital assets from a proposed new capital gains tax system could prompt investors to sell crypto holdings. Under current regulatory proposals, stocks, bonds, and options will shift to taxation upon sale

The People's Bank of China conducted 412 billion yuan of 7-day reverse repurchase agreements today (October 27) at an interest rate of 1.40%, unchanged from the previous operation.

According to CME FedWatch data, the Federal Reserve is expected to maintain interest rates unchanged at its meeting on Wednesday, October 27, with markets pricing in an 89.5% probability of no rate change.

According to Yonhapinfomax, the dollar-won exchange rate traded at 1,326.00 won on Oct 27 morning, up 2.90 won from the previous Seoul close of 1,323.10 won. The currency remained under downward pressure from semiconductor company dollar sales and month-end export negotiation volumes, though

On October 27, the People's Bank of China set the USD/CNY midpoint rate at 6.7171, strengthening 9 pips and indicating CNY depreciation. The EUR/CNY midpoint fell 243 pips to 7.4804. Other major currency pairs also moved: GBP/CNY declined 156 pips to 8.9349, AUD/CNY dropped 66 pips to 4.6980, and

Morgan Stanley downgraded Brazilian stocks to neutral on the 26th (local time), following President Luiz Inácio Lula da Silva's reelection. The US investment bank cited concerns over fiscal spending expansion under the Lula administration as the reason for the downgrade. Morgan Stanley's

According to Morgan Stanley on October 26, the U.S. investment bank downgraded Brazilian equities to neutral, citing concerns over fiscal spending under President Luiz Inácio Lula da Silva's administration following his re-election. Strategist Nikolai Liepmann's team projected Ibovespa could

Mark Zandi, chief economist at Moody's Analytics, stated on the 26th (local time) via X (formerly Twitter) that additional interest rate hikes by the Federal Reserve would be a mistake, as rising US bond yields are already tightening financial conditions. Zandi pointed to 10-year Treasury yields

ING Bank assessed that the recent decline in bond yields is making the October Federal Open Market Committee (FOMC) meeting more dovish in its policy stance. The US 10-year Treasury yield is currently trading below 5%, after surging to 5.36% earlier this month before rapidly retreating. ING

According to Moody's chief economist Mark Zandi on Monday, the Federal Reserve should not raise rates further, calling such a move "a mistake." Zandi noted that the bond market is already performing the Fed's tightening task, with 10-year Treasury yields volatile around 5%, mortgage rates holding

On October 26, Japan's Finance Minister Katsutsugu Katayama stated the country will respond with urgency to foreign exchange trading losses and noted that no new cases of unauthorized foreign exchange transactions have been reported. Katayama emphasized that the international community shares

Anthropic filed an IPO registration with the SEC on local time 26th, planning to list on Nasdaq under ticker ANT. The AI company's move, combined with SpaceX's $40 billion chip lease deal with Apollo Global, reignited tech investor sentiment and drove the Philadelphia Semiconductor Index up 2.82%. T