DXY & Forex

NH Investment & Securities analyst Kang Seung-won revealed that historical Federal Open Market Committee (FOMC) dissenting votes on rate hikes took an average of 224 days to translate into actual rate increases, based on analysis of policy decisions since 1990 when the Fed transitioned from

The Federal Reserve's July FOMC meeting is drawing Wall Street's focus as markets assign a 71% probability to a rate hold, according to FedWatch data reported on the 28th (local time). Analysts are concentrating on the potential intensity of hawkish messaging from the Fed rather than the rate

According to Yonhapinfomax, Seoul's dollar-won spot rate touched 'zero' level before 9 a.m. on July 29. The non-deliverable forward (NDF) fixing position remained square, indicating neutral positioning for regional market participants as trading

According to analyst Kang Seung-won at NH Investment & Securities on July 29, historical analysis reveals that the average timespan from the first dissenting opinion on rate hikes in Federal Open Market Committee (FOMC) meetings to actual rate increases was 224 days. The analyst examined monetary

Indonesian Rupiah fell to 18,100 against the U.S. dollar in early trading on July 29.

According to Jin10, Japan's labor ministry advisory panel recommended on Tuesday, July 29, raising the national average minimum wage by 4.9% to 1,176 yen per hour (approximately $7.18), effective October. The increase, while lower than last year's record 6.3% rise, represents 55 yen per hour and is

US 30-year Treasury yields remained at 5.09% in overnight trading, marking 17 consecutive trading days above the 5% threshold according to Yonhap Infomax. This represents the longest such streak since July 2007, with the 30-year yield crossing the 5% mark 32 times this year alone—the most

According to BNY Mellon strategists on July 28, the Federal Reserve is expected to hold interest rates steady at this week's FOMC meeting, though the decision remains a close call with rate hikes and cuts balanced. If rates are held, dissenting hawkish votes are likely; if rates are raised, one or t

According to Yonhap Infomax, the U.S. 30-year Treasury yield hit 5.09% overnight on July 29, extending a 17-trading-day streak above the 5% level. This marks the longest such streak since July 2007, and Treasury yields have surpassed 5% a total of 32 times this year alone, setting the highest

Seoul foreign exchange dealers on May 29 forecast range-bound trading for the USD-KRW exchange rate around 1,450 won, driven by competing forces of dollar selling pressure and renewed Middle East tensions. The forecast follows Iran's ballistic missile launch at a US military base in Jordan on May 28

According to Lloyd Chan, senior foreign exchange analyst at MUFG Bank, the U.S. dollar is likely to receive support if the Federal Reserve maintains interest rates unchanged with a hawkish stance at today's FOMC meeting. MUFG's base case is a hawkish hold, during which the Fed may emphasize that

Some economists are calling on Federal Reserve Chair Kevin Warsh to raise interest rates at today's meeting. Joe Lavorgna, chief economist for the Americas at SMBC Nikko Securities America, argues the central bank's 2025 cuts left policy too loose even as core Personal Consumption Expenditures

Australia's 3-year government bond yield fell 9 basis points on July 29 following the release of second-quarter inflation data. The move reflects market reaction to the latest consumer price index reading.

Australia's second-quarter consumer price inflation came in at 4.0% year-over-year, falling short of the 4.1% forecast and declining from the previous quarter's 4.1% reading.

The Australian dollar dropped over 40 points against the U.S. dollar following the release of consumer price index (CPI) data, with AUD/USD now trading at 0.6949.

The Bank of Korea is likely to delay its interest rate increase until October rather than August, according to analysis of July consumer sentiment data by Barclays economist Son Beom-ki. The assessment is based on the central bank's recently released Consumer Survey Index (CSI) for July, which

According to Barclays economist Son Beom-gi, on July 29, South Korea's central bank is likely to raise its benchmark rate in October rather than August. The analysis is based on July's Consumer Sentiment Index (CSI), which shows consumer confidence improved modestly but household spending did not in

According to the People's Bank of China, today (July 29) the central bank conducted 206.5 billion yuan in 7-day reverse repo operations at 1.40% interest rate, with both bids and successful auctions totaling the full amount. Additionally, the central bank operated 60 billion yuan in overnight revers

The Chinese yuan appreciated against the U.S. dollar today, with the midpoint rate climbing 29 basis points to 6.7899, marking the strongest level since February 10, 2023, according to the China Foreign Exchange Trade

On July 29, China's interbank foreign exchange market set the USD/CNY midpoint rate at 6.7899, down 29 pips, reflecting yuan appreciation. EUR/CNY rose 56 pips to 7.7175, while GBP/CNY fell 89 pips to 9.0052. AUD/CNY declined 111 pips to 4.7269, and JPY/CNY (per 100 yen) dropped 34 pips to 4.1393. C