DXY & Forex

According to Japan's Finance Minister Shinichi Suzuki, global bond markets are facing multiple pressures from U.S. monetary policy, the Ukraine situation, and tensions in the Middle East.

Reserve Bank of Australia Governor Michele Bullock is scheduled to deliver remarks in 10 minutes on July 28.

According to Lloyd Chan, senior foreign exchange analyst at Mitsubishi UFJ Bank, on July 28, the U.S. dollar is likely to gain short-term support driven by elevated U.S. Treasury yields and continued Middle East tensions. Chan noted that the Federal Reserve's decision this week could serve as a

World Bank research projects the United States would lose seigniorage benefits equivalent to approximately 1% of GDP annually if the dollar loses its reserve currency status due to collapsing foreign demand for dollar assets. Based on 2025 nominal GDP of $30.7697 trillion, this translates to

According to a World Bank report released on July 28, researchers from NYU Stern and the economic think tank CEPR found that if foreign investors cease demands for U.S. dollar assets, the United States would lose approximately $300 billion annually in seigniorage benefits, equivalent to roughly 1% o

According to Yonhapinfomax, South Korea's central bank conducted 28 trillion won in repo purchases and received 9.2 trillion won in tax revenues on July 28, adding liquidity to the money market. The operations included 700 billion won in fiscal disbursements and 500 billion won in maturing

Today, Japan's Finance Minister Katayama Katsuyoshi said the country's monetary policy has shifted to a stage led by interest rate levels, marking a transition in the central bank's operational focus.

According to Yonhapinfomax, the USD/KRW exchange rate rose to 1,470.90 won as of 9:16 a.m. on July 28 in Seoul, up 2.40 won from the previous day's closing of 1,468.50 won. The move reflected weakness in Asian equities and dollar strength ahead of the Federal Reserve's monetary policy meeting.

According to A brokerage, the USD-KRW spot rate on the Seoul foreign exchange market traded at par (zero level) on July 28 before 9 a.m. NDF fixing positions remained neutral, indicating that regional market participants had no net positioning pressure at market

Seoul forex market participants continue to recognize the 3:30 PM exchange rate as the functional closing price, four weeks into the market's 24-hour trading system. Foreign exchange brokerage firms calculate two daily closing prices at 6 AM and 3:30 PM since the continuous trading system launched o

According to Yonhapinfomax, four weeks into Seoul's 24-hour forex market operations launched on July 6, market participants still rely on the 3:30 PM closing rate as the benchmark, with the newly introduced 6:00 AM close largely ignored. Foreign exchange brokers now calculate closing prices twice

According to Yonhap Infomax, on July 28, South Korean debt issuers have begun shifting from welcoming SK Hynix's large-scale credit market purchases to taking a more selective stance. While SK Hynix initially played a crucial role in supporting market liquidity when institutional demand dried up, is

Seoul forex market dealers forecast the USD/KRW exchange rate to fluctuate around the mid-1,460 won range on May 28. International oil prices continued declining after the US and Iran halted airstrikes over the weekend, though investor sentiment contracted again centered on semiconductors. Dealers e

Seoul foreign exchange dealers forecast the dollar-won exchange rate to trade around the mid-1,460 won level today (July 28), according to Yonhapinfomax. The market sentiment remains cautious, with international crude prices declining following reduced military tensions between the U.S. and Iran

Foreign investors sold Korean government bonds for four consecutive days from May 22 to May 27, marking the longest selling streak this year. The net selling volume reached 1.227 trillion won during this period. Analysts attribute the sell-off to profit-taking and heightened caution ahead of the

According to bond market sources, foreign investors net sold Korean government bonds for four consecutive trading days through July 27, offloading a total of 1.227 trillion won. The selling spree marked the longest stretch of consecutive net outflows in recent market

According to Bank of America strategist Michael Hartnett, the U.S. bond market has emerged as the primary source of uncertainty in the current AI bull run, with 30-year Treasury yields rising to 5.2%, the highest since 2007, and real yields climbing to 3%, reaching levels last seen in

South Korea's foreign exchange swap points surged into positive territory across all tenors on the previous trading day, marking the first time the 1-month tenor closed in positive range since June 2, 2022. The 1-month FX swap point closed at +0.20 won at Seoul Foreign Exchange Brokerage and +0.10 w

According to ING, on July 27, the bank forecasted the Federal Reserve will hold rates unchanged at this week's FOMC meeting. ING expects no interest rate hikes for the remainder of the year if oil prices continue declining, though it acknowledged the market remains uncertain about the Fed's

According to Yonhap Infomax, on July 28, South Korea's FX swap points surged across all tenors, with the 1-month rate closing at positive 0.20 won at Seoul Foreign Exchange Brokerage—the first positive close since June 2, 2022. Overnight and T/N rates also turned positive at 0.080 won and 0.010 won