DXY & Forex

Japan's retail sales grew 4% year-over-year in July, exceeding economist expectations of 3%, up from 0.5% in June. The increase reflects stronger consumer spending amid economic recovery.

Japan's retail sales climbed 2.4% month-on-month in July, exceeding the expected 1.7% growth and rebounding sharply from a 4.1% decline in June.

According to Yonhapinfomax, 22 South Korean brokerages issued a combined 9.7165 trillion Korean won in commercial paper and short-term bonds during the week of August 24-28. Hana Securities led the issuance with 3.365 trillion won, followed by DB Securities at 1.09 trillion won and Yuanta Securities

According to Korea Credit Finance Association, card loan balances fell 460 billion won between May and July, but cash services and revolving credit increased by 600 billion won during the same period. As of July 31, the combined balance of nine major card issuers' card loans reached 42.796

According to CME's Fedwatch Tool, odds for a 25-basis-point federal funds rate hike on September 16 surged to 57% as of August 30, up sharply from just 39.9% on August 21, following Federal Reserve official Christopher Warsh's Jackson Hole Economic Policy Symposium keynote on August 28. Warsh

Federal Reserve Chair Warsh delivered a 28-minute speech at Jackson Hole in which he mentioned the word 'inflation' 25 times, triggering sharp moves across US stocks, bonds, currencies, and commodities over the weekend. Wall Street interpreted the remarks as a signal of imminent rate increases

Fed Chair Kevin Wash signaled heightened inflation vigilance at Jackson Hole, while China's CXMT reported H1 revenue surging 874% and global shipping rates hit year-highs for the fifth consecutive week. Wash stated additional Fed action may be needed if core inflation fails to decline toward the 2%

Federal Reserve Chair Waller delivered remarks emphasizing persistent inflation concerns, stating that inflation has not slowed meaningfully and expressing worry about stubborn price increases. Waller noted that while this summer's PCE and CPI figures were better than expected, they did not

Over the weekend, Fed Chair Jerome Powell's Jackson Hole speech triggered sharp declines across global markets, with the 2-year Treasury yield surging 12.8 basis points to 4.36% as investors interpreted his 25 mentions of inflation in 28 minutes as signaling an imminent rate increase. Chicago

U.S. Treasury Secretary Bessent will meet Bank of Japan Governor Ueda Kazuo during the G20 Finance Ministers Summit.

According to Reuters, U.S. Treasury Secretary Scott Bessent said Sunday that the Trump administration plans to sanction another bank this week to combat transactions linked to Iran. Bessent will meet with financial officials from major and developing economies at the G20 conference to coordinate a b

According to CME FedWatch Tool data released on August 31, the probability of the Federal Reserve maintaining rates unchanged in September stands at 43.1%, with a 56.9% probability of a 25 basis point rate increase. For October, the probability of unchanged rates is 29.3%,

The Institute of International Finance (IIF) forecasts the Korean won could appreciate to pre-COVID-19 pandemic levels, driven by semiconductor export strength and expanded domestic investments by Samsung Electronics and SK Hynix. In a recent report, IIF stated that domestic semiconductor facility e

According to a recent report by the Institute of International Finance (IIF), Samsung Electronics and SK Hynix's expanded domestic semiconductor production investments are driving Korean won strength by increasing the conversion of export revenues into won. The IIF forecasts this investment flow

Fed Chair Kevin Warsh expressed inflation concerns at the Jackson Hole meeting on the 28th. He indicated potential additional tightening measures, increasing expectations for US rate hikes by year-end. The CME FedWatch Tool shows an 88.8% probability the Federal Reserve's benchmark rate will rise

U.S. Treasury Secretary Bessent prioritized economic growth as a core agenda item during G20 financial track meetings, aligning with the administration's broader economic policy. Bessent stated that the U.S. aims to convene global policymakers and private sector leaders to emphasize that stronger ec

Korean retail investors net purchased $2.396 billion in US stocks this month as KOSPI trading activity hit yearly lows. The shift occurred as Samsung Electronics and SK Hynix stock prices stagnated despite KOSPI's recovery toward 7000 points. The USD-KRW exchange rate fell below 1400 won on the 19th

According to Korea Exchange, preferred shares of Samsung Electronics and Hyundai Motor fell more sharply than common shares following South Korea's central bank rate hike on August 27. The Bank of Korea raised its benchmark rate to 3.0% from 2.75%, reducing the appeal of dividend-paying stocks as

According to Jin10, ahead of the September Fed meeting, swap traders are pricing in over 50% odds of a rate hike following Powell's emphasis on disinflation commitment on August 31, but major bond investors including ING Investment Solutions and Brandywine Global Investment Management remain

Jon Bessent, the U.S. Treasury representative, faces a significant diplomatic challenge at the upcoming G20 summit as he navigates complex issues including tariffs, the ongoing Iran conflict, and recent bond market instability. The summit takes place against the backdrop of a prolonged U.S.-Israel c