DXY & Forex

According to Bank of America, on July 28, the Federal Reserve is expected to keep interest rates unchanged in July. The bank noted that a rate hike would be unprecedented: since 1994, the Fed has never raised rates when market probability of a hike fell

According to Jin10, U.S. ADP employment changed by 15,000 for the week ending July 11, down from 16,500 in the prior week.

The U.S. goods trade deficit reached $101.5 billion in June, better than the forecasted $100 billion deficit but an improvement from May's $105.8 billion shortfall.

According to Global Markets Investor, the Japanese yen fell below 163 against the US dollar, reaching its weakest level in 40 years on July 28. The move pushed USD/JPY to levels last seen in 1986. Hedge funds have increased bearish bets against the yen to 114,030 contracts worth approximately $8.7 b

According to Jin10, U.S. ADP employment rose 150,000 for the week ending July 11, down from 165,000 in the prior week.

Bull Theory analysts identified seven major events in the next 72 hours that could determine global market direction for the rest of the quarter. Investors face an unusually crowded calendar including economic data releases, a Federal Reserve interest-rate decision, and earnings reports from major t

The Monetary Authority of Singapore (MAS) announced a tightening of its monetary policy, carefully calibrating the latest adjustments based on its April policy stance.

According to Yonhapinfomax, on July 28, South Korea's government bond market strengthened as risk-off sentiment took hold following a sharp stock market decline. The 3-year government bond yield fell 3.6 basis points to 3.829%, while the 10-year yield dropped 4.4 basis points to 4.289%. The KOSPI in

Interest rate swap (IRS) rates in the Seoul bond market declined across all tenors on May 28 at 4:27 PM, with the 1-year IRS rate falling 1.25 basis points to 3.4475%. A securities dealer attributed the decline to futures-linked trading flows but noted short-term swaps showed relative weakness due t

According to Yonhapinfomax, on July 28, the USD/KRW exchange rate dropped 6.00 won to close at 1,462.50 won, marking its lowest level since May 7. The decline was driven by continued dollar selling by SK Hynix related to its U.S. dollar-denominated ADR offering and month-end dollar conversion by

According to Seoul Bond Market data on July 28, interest rate swap (IRS) rates fell across all tenors. The 1-year IRS rate declined 1.25 basis points to 3.4475%, while the 5-year rate dropped 4.00 basis points to 4.0150%. The 10-year IRS rate fell 3.25 basis points to 4.1275%. The movement

Singapore's Monetary Authority (MAS) recorded a net profit of SGD 20 billion for the financial year 2025/2026, according to the central bank's leadership statement.

According to Yonhap Infomax, South Korea's foreign exchange swap points fell on July 28, reversing the previous day's sharp rally. The 1-year FX swap point closed at -12.20 won, unchanged from the opening, while 6-month, 3-month, and 1-month tenors declined 0.10, 0.30, and 0.35 won respectively. Th

According to Reuters, President Trump called aboard Air Force One for the Federal Reserve to slash interest rates significantly, arguing the United States should boast the world's lowest borrowing costs. "Rates should be lowered. We have other countries that are paying less interest rates. We should

According to London Stock Exchange Group data released July 28, investors have lowered expectations for additional UK base rate increases in 2026 to a total of 35 basis points, down 12 basis points from the previous week, amid falling oil prices and renewed negotiations aimed at resolving Middle

According to ING analyst Chris Turner, on July 28, the euro failed to gain significant support from the recent oil price decline as markets prepare for a potential Federal Reserve rate hike on Wednesday. London Stock Exchange Group data showed markets are pricing a 34% probability of a rate

According to Jin10, the Australian dollar became the worst-performing G10 currency overnight on July 28, despite leading G10 currencies year-to-date. Mitsubishi UFJ analyst Lee Hardman attributed the weakness to renewed risk-off

According to official fixing, the Chinese yuan (CNY) stood at 6.7674 against the US dollar in onshore trading at 4:30 p.m. Beijing time today, unchanged from the previous day's official close but down 49 pips from the overnight

Italy's trade account with non-EU countries declined to 2.55 billion euros in June, down from 3.84 billion euros in the previous month, according to official trade statistics.

According to Chris Turner, ING analyst, on July 28, if the Swiss National Bank maintains zero interest rates this year, the Swiss franc may weaken further. Turner noted that low Swiss rates amid rising global yields have pressured the franc, making it attractive for carry trade funding. He