DXY & Forex

On July 27, the USD/CNY midpoint in China's interbank foreign exchange market fell to 6.7911, declining 28 pips as the yuan strengthened. Multiple other currency pairs also shifted, with EUR/CNY rising 30 pips to 7.7267, GBP/CNY up 116 pips to 9.0494, and AUD/CNY gaining 96 pips to 4.7400.

According to Yonhapinfomax, on July 27, the USD/KRW exchange rate fell to the 1,450 won level overnight as technical indicators entered oversold territory. The previous trading day's low hit 1,458.50 won. The relative strength index (RSI), a key momentum indicator, dropped to 28.76, falling below th

According to China International Capital Corporation (CICC), the report released on July 27 predicts that dedollarization remains the long-term trend despite short-term fluctuations in dollar reserves. CICC noted that while the dollar's share of global allocated foreign exchange reserves rebounded t

The USD-KRW exchange rate tested the lower end of the 1,450 won range on July 27, driven by selling pressure from SK Hynix's American Depositary Receipt (ADR) fund conversions and export company settlements. SK Hynix's large-scale dollar selling, combined with exporter settlements ahead of month-end

According to Yonhap Infomax, on July 27, the USD/KRW rate is expected to test the downside around 1,450 won, driven by SK Hynix's ADR fund conversion selling and easing geopolitical tensions. The U.S. and Iran halted reciprocal airstrikes overnight, reducing Middle East risk premium and supporting w

According to Yonhapinfomax, 26 South Korean securities firms issued 9.22 trillion won in corporate paper (CP) and short-term bonds last week (July 20-24). Hana Securities led issuances with 2.804 trillion won, followed by DB Securities with 1.105 trillion won and LS Securities with 790 billion won.

Neil Dutta, chief economist at Renaissance Macro Research, suggested the Federal Reserve may raise interest rates at this month's Federal Open Market Committee (FOMC) meeting, according to Business Insider. Dutta argued that persistent inflation pressures - including a stable labor market,

According to Business Insider, Neil Dutta, chief economist at Renaissance Macro Research, predicted yesterday that the Federal Reserve could execute a surprise rate hike at this month's FOMC meeting. Dutta cited persistent inflation pressures, including a June consumer price index of 3.5%

According to Jin10 Futures, as of 8:45 am on July 27, the CFETS-NEX yuan liquidity sentiment index reported 52, flat compared to 16:00 yesterday. By institution type, large banks, mid-sized banks, and non-bank institutions reported readings of 51, 53, and 51 respectively, all unchanged. The index

According to People's Bank of China data, reverse repurchase agreements (7-day maturity) worth 1.0205 trillion yuan mature this week, with 400 billion yuan of medium-term lending facility (MLF) also due on Monday (July 28). The central bank announced it will conduct 600 billion yuan of overnight rev

According to the China Foreign Exchange Trade System (CFETS), the Chinese Yuan Exchange Rate Index rose 0.33 points to 102.75 on a weekly basis as of July 24.

The U.S. dollar weakened against the Swiss franc intraday today, with USD/CHF declining over 0.50% to trade at 0.8142.

According to the Singapore Monetary Authority statement, the central bank tightened monetary policy on Monday, July 27, by raising the appreciation slope of the Singapore Dollar's nominal effective exchange rate band—its primary policy tool rather than interest rates—to counter expected inflation pr

According to Yahoo Finance and Wall Street analysts on July 26, semiconductor stocks remain attractive amid sustained AI infrastructure spending by major technology companies including Google, Amazon, Meta, and Microsoft. Mark Mahani, head of internet research at Evercore ISI, stated that

Japan's corporate services producer price index (PPI) for June remained flat month-on-month at 0%, matching the prior month's reading of 0%.

Japan's corporate services price index increased 3.2% year-over-year in June, missing the forecast of 3.4% and declining from the previous month's 3.3%.

The USD-KRW 1-month non-deliverable forward (NDF) closed at 1,459.10 won (MID) on the 24th (local time), down 7.20 won from the Seoul foreign exchange market spot close of 1,466.60 won on the previous session, according to overseas brokers on the 27th. The dollar gained modestly against the euro

According to overseas brokers, the USD-KRW 1-month NDF rate in New York fell to 1,459.10 won on July 26, declining 7.20 won from Seoul's spot market closing price of 1,466.60 won on the previous day. The bid was 1,458.90 won and the ask was 1,459.30 won. Meanwhile, WTI crude oil for September

According to CCTV News, on July 26, Brazil's President Lula criticized the U.S. government's new tariffs on Brazilian goods in a Washington Post op-ed, calling them a strategic error. The new tariffs, ranging from 12.5% to 37.5%, are unfair and will harm the U.S. economy and the bilateral

According to CME's Federal Reserve Watch tool, on July 27, the Federal Reserve has a 63.7% probability of maintaining interest rates unchanged in July, with a 36.3% likelihood of a 25 basis point rate increase. For September, the probability of holding rates steady drops to 19.6%, while the odds of