DXY & Forex

According to Jin10 data, offshore Chinese yuan Hong Kong interbank rates (CNH HIBOR) declined on July 23, with the one-week HIBOR falling to 1.43606%, marking the lowest level since June 15. Overnight HIBOR dropped 5 basis points to 1.38061%, while two-week HIBOR declined to 1.43333%, reaching its l

The Bank of Korea released an issue analysis report on July 23 assessing that monetary policy uncertainty has increased due to the Federal Reserve's moves to overhaul its policy framework under Chairman Kevin Warsh. The BOK stated that forward guidance reduction and balance sheet contraction

According to BlockBeats, on July 23, the company completed the team merger of HyperInsight, an on-chain data tracking platform specializing in monitoring U.S. stocks, cryptocurrencies, and commodity futures markets. HyperInsight's data capabilities will be fully integrated into BlockBeats Pro, a

The US Dollar Index (DXY) fell below 101 today, declining 0.12% intraday.

According to BMI on July 23, Indonesia's central bank is expected to raise rates by 50 basis points to 6.25% before year-end amid rupiah depreciation driven by policy concerns and renewed U.S.-Iran tensions. BMI anticipates the currency will remain weak despite recent intervention measures and polic

According to Jin10, on July 23, Australia's June employment growth exceeded expectations, lifting market bets on a Reserve Bank of Australia rate hike in August to 33% from 25% at market open. Odds for rate hikes through the remainder of 2026 rose to 95% from 80%. IG market strategist Tony

US Treasury yields climbed to psychologically significant levels on the 23rd as Middle East tensions drove oil prices higher, according to Yahoo Finance. The 10-year Treasury yield reached 4.65% and the 30-year yield hit 5.14%, with the latter remaining above 5% for the longest stretch since 2007. T

According to Bank of Korea, the country's reserve money balance reached 13.8161 trillion won in surplus as of July 23, with reserve money appropriation funds registering 3.5311 trillion won in surplus. The overnight call rate settled at 2.686%, with trading volume at 15.0643 trillion won. The

According to Jin10, HSBC maintained its "moderately bearish" view on Japanese government bonds on July 23. Justin Heng, the bank's Asia-Pacific rates strategist, noted that Japanese policymakers are seeking ways to encourage pension funds and retail investors to purchase more domestic bonds,

According to ANZ Bank economist Krystal Tan, South Korea's July inflation expectations and consumer price data due next week and early August will likely be key to the central bank's August rate decision. Tan stated that stronger-than-expected second-quarter GDP growth has increased the

Bank of Korea Monetary Policy Board member Jang Yong-seong co-authored an op-ed with University of Houston professor and Dallas Federal Reserve economist Kei-Mu Yi, published recently at the Hoover Institution, arguing that open trade with Korea strengthens US economic security. The piece, titled 'H

On July 23, Park Yeong-sung, a monetary policy committee member of the Bank of Korea, published a commentary at the Hoover Institution arguing that open trade strengthens US economic resilience. Coauthored with Kei-Mu Yi, an economist at the Federal Reserve Bank of Dallas, the article titled "How

On July 23, 2026, global capital markets saw a geopolitical-driven repricing reshuffle. Last night and this morning, the US-Iran conflict showed no signs of cooling. Both sides issued hardline statements, stressing their respective conflict bottom lines. Trump posted on social media, saying that every time Iran fires at ships in the Strait of Hormuz, the US would bomb and destroy an Iranian bridge or power plant, including facilities located within Tehran and its surrounding areas. Trump also sa

According to ING, the USD-JPY exchange rate stood at 163.10 yen on July 22, with the bank forecasting further appreciation to 164-165 yen next week ahead of the Bank of Japan's policy meeting later this month. ING stated that low-interest-rate currencies like the Japanese yen and Swiss franc will co

The USD-KRW exchange rate declined approximately 80 won over three weeks, falling from 1,559.20 won on July 1 to around 1,480 won by late July, driven by dollar supply exceeding demand in the foreign exchange market. The decline reflects record semiconductor exports, with June exports

According to CME FedWatch on July 23, the Federal Reserve has a 77.7% probability of raising rates at the September 16 FOMC meeting. The data shows a 54.3% chance of a 0.25% rate increase to the 3.75%-4.0% range, and a 23.4% chance of a 0.5% increase to 4.0%-4.25%. The probability of holding rates s

According to Seoul forex market data as of July 23, the USD/KRW exchange rate fell to around 1,480 won from a peak of 1,559.20 won on July 1, marking the first decline since hitting its highest level since 2009. The roughly 80-won drop reflects increased dollar supply flowing from record-breaking ex

According to Yusuke Matsuo of Mizuho Securities on July 23, Bank of Japan Governor Ueda is expected to reaffirm the central bank's hawkish stance at next week's press conference, though this is unlikely to reverse the yen's weakness. Matsuo noted that markets have largely priced in the BoJ's expecte

Australia's employment increased by 76,300 people in June, significantly exceeding the forecast of 19,000, according to official data. The increase compares to a prior month change of 40,300, demonstrating stronger-than-expected job creation

Seoul housing mortgage usage dropped 7.29 percentage points to 45.67% in one year ending June. Government loan caps drove the decline, pushing cash buyers to dominate districts like Ichon-dong and Sincheon-dong where mortgage ratios fell over 20 percentage points. The 6·27 and 10·15 policy