DXY & Forex

Base Markets, a newly launched CFD broker regulated by Mauritius' Financial Services Commission, has entered the retail trading market with fixed commissions of $4 per standard FX lot round turn—among the lowest rates for MetaTrader 5 brokers. The company, founded by executives from regulated broker

The British Columbia Securities Commission accused For the People FX Inc. and its sole owner Robert George Henry Tyrer of operating a fraud after the regulator published a Notice of Hearing on 15 July alleging the company raised approximately C$2.6 million from 85 investors between January 2022 and

According to the British Columbia Securities Commission, on July 15, the regulator accused For the People FX Inc. and its sole owner Robert George Henry Tyrer of defrauding approximately C$2.6 million from 85 investors between January 2022 and May 2024. The BCSC alleges that of the C$2.6 million

JP Morgan revised its terminal rate forecast for South Korea to 3.75% from 3.50% after the Bank of Korea raised its base rate by 25 basis points to 2.75% on July 16, with economist Park Seok-gil stating the central bank is likely to implement another rate increase in August. The revision follows

The USD-JPY exchange rate remained flat in the Tokyo foreign exchange market on the afternoon of the 16th, trading at 162.122 yen as of 2:40 PM, up 0.01% from the previous session. The pair initially rose slightly as rising international oil prices—driven by escalating attacks between the US and

According to JP Morgan economist Park Seok-gil, the Bank of Korea raised its benchmark interest rate by 25 basis points to 2.75% today (July 16), with all seven monetary policy committee members voting in favor. JP Morgan simultaneously upgraded its terminal rate forecast to 3.75% from 3.50%,

Today (July 16), the Korean won appreciated 0.7% to 1477.10 per U.S. dollar, marking its highest level since May 12, 2026.

SK Hynix is continuously selling US dollars raised through its American Depositary Receipt (ADR) listing, according to Seoul's foreign exchange market on the 16th. The company raised $26.5 billion (approximately 40 trillion won) via the ADR listing and is sequentially converting the funds, which

According to Seoul foreign exchange market reports, SK Hynix continued selling US dollars steadily on July 16 following its $26.5 billion ADR listing proceeds. The dollar-won exchange rate rose to a high of 1,488.80 in morning trading before declining to 1,481.30, pressured by SK Hynix's

According to the Swiss National Bank, latest signals from the labor market remain weak.

The Swiss National Bank warned recently that risks of significant Swiss franc appreciation remain elevated due to ongoing geopolitical uncertainties.

This month, the Korean won has surged 0.9% against the US dollar, reaching 1,477.70 per USD, outperforming all other Asian emerging market currencies. Local exporters are expected to convert their dollar earnings into won during this

USD/JPY declined to touch 162 during intraday trading on July 16, down 0.11% on the day.

According to a Bloomberg survey released on July 16, about two-thirds of economists surveyed expect European Central Bank President Christine Lagarde to complete her eight-year term, which expires in October 2027, without stepping down early. Despite recurring speculation since last year about a

According to Natixis Chief Economist Christopher Hodge, a former chief economist at the New York Federal Reserve, the Federal Reserve will maintain interest rates unchanged throughout 2026. Hodge previously highlighted potential risks in Fed Chair Warsh's hawkish policy

According to Emirates NBD, on July 14, the Dubai-based bank went live on the Partior network to offer instant cross-border U.S. dollar payments, becoming one of the first financial institutions in the Middle East, North Africa and Türkiye region to deploy blockchain-based settlement technology.

Japan's 40-year government bond yield rose 7.0 basis points to 3.825% today (July 16), marking a continued increase in long-dated sovereign borrowing costs.

According to Citigroup, Indian enterprises expect the Indian rupee to continue weakening and are increasing hedging efforts, with the currency having depreciated 11% against the dollar over the past year, making it Asia's worst performer, according to Jin10 on July 16. Vandana Bhatter, head of

According to Jin10, on July 16 at 10 p.m. Beijing time, 8 forex options contracts with notional values above $100 million across EUR, CHF, GBP, and AUD are set to expire, prompting traders to manage positions

The UK's goods trade deficit in May came in at 18.66 billion GBP, better than the forecast of 23.1 billion GBP and an improvement from April's 26.046 billion GBP deficit.