DXY & Forex

According to South Korea's financial regulators, the five major banks' household loan balance reached 778.98 trillion won as of end of July, up 4.018 trillion won from June. Housing mortgage loans drove the increase, rising 2.7955 trillion won and representing 69.5% of total household loan growth—th

German retail sales fell 1.1% month-over-month in June, coming in worse than the forecast of -0.4%, according to official data. This compared with a 1.1% rise in the prior month.

According to The New York Times, Fed Chair Jerome Powell proposed reducing the frequency of regular policy meetings this week (August 1). The Fed has held 8 annual policy meetings since 1981. The proposal remains in discussion phase and is not yet a formal proposal.

According to Yonhap Infomax, South Korea's inter-bank offered rates (KORIBOR) were announced on August 3. The 1-month KORIBOR stood at 2.83%, up 0.01 percentage point from the previous day, while the 12-month rate reached 3.66%, down 0.01 percentage point. Other key periods included 2-month at 2.89%

According to Securities Times, Hong Kong Exchanges and Clearing (HKEX) launched 5-year RMB government bond futures on August 3. The product is the only government bond futures contract in the offshore market, designed to meet growing demand from offshore investors for interest rate risk management a

Veteran Wall Street investor Jim Bianco warned on the 2nd local time that artificial intervention by the Federal Reserve or Treasury Department to lower Treasury yields could backfire and push rates higher instead. Bianco stated via X that inflation is currently unsettling markets, and any policy

Foreign investors net sold 283 billion won in South Korean government bonds on July 31, a sharp departure from typical month-end patterns when World Government Bond Index (WGBI) inflows drive purchases exceeding 2 trillion won. The reduced buying intensity follows statements by Japanese Finance

According to Jin10 and sources, the U.S. Treasury Department likely used euros instead of dollars to fund its yen intervention on Friday (August 3), Reuters reported. The New York Federal Reserve Bank requested at least two major U.S. banks to check yen-to-euro exchange rates, according to two

According to Yonhap Infomax, veteran Wall Street investor Jim Bianco warned on August 2 that artificial Federal Reserve or Treasury intervention to lower U.S. Treasury yields would paradoxically push rates higher. Bianco said via X that policies aimed at suppressing rates risk being perceived as

According to Grayscale, the U.S. Dollar Index traded at 99.73 today, declining 0.05% during the session.

Reuters, citing two officials, said Japan could officially announce a joint currency-rate action with the United States on August 3, and the action is still ongoing. Finance Minister Satsuki Katayama is expected to make a statement, and Atsushi Mimura, the chief foreign-exchange policy adviser to the Ministry of Finance, said the ministry is closely coordinating with and operating alongside the monetary-policy divisions. Bitcoin trades near $63,000, and yen volatility could spill over into risk

SK Hynix reduced its credit market investment to approximately 1 trillion won last week, marking a notable decline from its previous weekly investment scale of around 3 trillion won in credit instruments alone, according to bond industry sources. Market participants attribute the reduction to

FED Chair Kevin Warsh is reportedly considering cutting the number of FOMC meetings held each year (the current pace has been maintained at 8 meetings per year since 1981). He has asked FED officials to submit input. The related adjustment could be confirmed as early as before the September 15–16 meeting; the new rules are most likely to take effect in 2027. The remaining meetings in 2026 will still be held according to the established schedule. Warsh Looks to Cut Planned Annual FOMC Meetings: C

According to Jin10, on August 3, offshore Chinese yuan Hong Kong Interbank Offered Rates (CNH HIBOR) rose across most major tenors. One-year HIBOR climbed to 1.70455%, marking its highest level since July 20. Overnight HIBOR jumped 16 basis points to 1.30000%, while one-week HIBOR rose to 1.40273% a

Japan's 5-year government bond yield surged to an all-time high of 2.0640% on August 3, as markets bet on earlier rate hikes by the Bank of Japan (BOJ) following coordinated intervention by Tokyo and Washington in the currency market to support the yen. The 2-year yield, highly sensitive to BOJ

According to Yahoo Finance, on August 1, the Federal Reserve kept interest rates unchanged at 3.5%–3.75%, yet 30-year U.S. Treasury yields climbed 6 basis points to 5.27%, suggesting the bond market is handling monetary tightening that the Fed itself is delegating. Since Fed Chair Kevin Wash took

According to Guru Club, on August 3, SHIBOR rates showed mixed movements. Overnight SHIBOR rose 0.3 basis points to 1.4130%, while 7-day SHIBOR fell 2.2 basis points to 1.4310%. The 3-month SHIBOR remained flat at 1.4300%.

According to Robin Brooks, a former forex analyst at Goldman Sachs, the US-Japan currency intervention announced on August 2 will have limited effectiveness in reversing the yen's weakness. Brooks wrote on his blog that while the intervention may temporarily stabilize the currency, it fails to