DXY & Forex

According to TD Securities analyst Prashant Newnaha, Australia's latest CPI data released on October 28 prompted the institution to adjust its interest rate forecast. The stronger-than-expected third-quarter inflation reading supports the Reserve Bank of Australia proceeding with a rate hike next

US stock index futures traded near flat in morning Asia session on the 28th ahead of the FOMC rate decision and tech earnings. E-mini S&P500 futures rose 0.01% to 7,758.75, while E-mini Nasdaq100 futures gained 0.05% to 29,825.75 as of 9:20 AM Korean time. The Federal Reserve is expected to hold

Mitsubishi UFJ Financial Group (MUFG) strategist George Gonsalves, economist Agron Nicaj, and associate Erin Schuinard released a report on October 27 forecasting the Federal Reserve will hold policy rates at the October Federal Open Market Committee (FOMC) meeting while delivering a hawkish

According to multiple institutions' predictions reported by ChainCatcher, Goldman Sachs, Citigroup, and Credit Agricole all expect the Federal Reserve to hold rates steady in October, with a 25 basis point increase anticipated in December. Bank of America, however, is betting on a rate hike in Octob

According to sources cited by Bloomberg, hedge fund Millennium Management is developing tools to explore using prediction market data from platforms like Polymarket and Kalshi for traditional asset trading strategies. Some portfolio managers are considering integrating data related to

Bitcoin (BTC) sees a short-term rebound, trading at around $80,790 as of October 28. The crypto industry has spent $176 million backing allies to prepare for the post-Trump era, going all out to influence the midterm elections. An Argentine court has ordered the criminal investigation into President Milei over the LIBRA meme coin controversy to be closed, finding insufficient evidence to establish criminal fraud. Macro Events & Crypto Hot Topics Reuters reported that the crypto industry has spen

According to Yonhapinfomax, Seoul foreign exchange dealers forecast the USD/KRW pair will trade in a range of 1,320.00 to 1,330.00 won on October 28 ahead of key central bank decisions. Dealers expect limited directional bets ahead of the Federal Reserve's policy meeting, as well as upcoming

The USD/ILS exchange rate rose approximately 1% to 3.084 on October 28 as Israeli exit polls indicated a close election race. The polling results suggest Prime Minister Netanyahu faces a potential setback.

According to Yonhap Infomax, on October 28, South Korea's foreign exchange swap market experienced significant stress throughout 2026. Short-term swap rates surged dramatically from +0.60 won in late June to +1.80 won by late July, before retreating sharply by October, when market participants

The Seoul Foreign Exchange Market Council will hold a seminar on October 30-31 in Hongcheon, Gangwon Province, to discuss the transition of South Korea's benchmark exchange rate calculation from Market Average Rate (MAR) to Time-Weighted Average Price (TWAP) at 4 PM. The change takes effect in

According to the Seoul Forex Market Operations Council, the organization will hold a seminar on October 30-31 to discuss the calculation methodology for the new time-weighted average rate (TWAP). Starting January 2027, South Korea's benchmark exchange rate will shift from the market average rate

The Philippine peso closed at P64.17 per dollar on October 27, extending its slide despite a 50-basis-point policy rate hike to 5.50% by the Bangko Sentral ng Pilipinas (BSP) the previous week. The currency's depreciation stems from a structural imbalance between dollar earnings and expenditures: th

China's People's Bank of China conducted 151 billion yuan in 7-day reverse repo operations at a 1.40% rate today (Oct 28), with the rate unchanged from the previous operation. The central bank also conducted 1 trillion yuan in overnight reverse repos on the same day.

According to the Bangko Sentral ng Pilipinas (BSP), the Philippine peso weakened to P64.17 per U.S. dollar on October 27, extending its decline despite a sharp 50-basis-point rate hike to 5.50% the previous week. The BSP projects a $19.1 billion current-account deficit this year, equivalent to 3.8%

According to China's interbank foreign exchange market, on October 28, 2026, the yuan strengthened against the dollar to 6.7165, up 6 pips, while the euro weakened to 7.4499, down 305 pips. The Hong Kong dollar fell 0.9 pips to 0.85621, the British pound declined 252 pips to 8.9097, and the

The New Zealand dollar fell nearly 2% against the Australian dollar overnight, marking its largest single-day decline since 2017.

According to Guru Club, NZD/USD plunged 94 points to 0.5611 on October 28, after the Reserve Bank of New Zealand kept its benchmark rate unchanged at 2.75%, contrary to market expectations for a 25 basis point rate

According to CME FedWatch, the Federal Reserve is expected to hold interest rates at 3.75%–4.00% today (Oct. 28) ahead of tonight's FOMC policy announcement, with futures markets pricing in a 93.4% probability of no change. The rate hold follows the Fed's quarter-point increase in September, the

According to Yonhapinfomax, foreign investors net purchased 130,000 three-year government bond futures contracts this month, with the bulk of buying concentrated ahead of the Federal Reserve's policy decision announcement on October 29. The significant accumulation of positions by foreign investors

According to Jin10, RBA Governor Michele Bullock said on Wednesday that the central bank will assess at its next monetary policy meeting whether the four rate hikes implemented this year are sufficient to bring inflation back to target within a reasonable timeframe. Bullock testified to lawmakers th