DXY & Forex

South Korea's Central Bank Governor Shin Hyun-sung stated that the bank could have raised interest rates in May but decided against action due to insufficient data.

The USD/KRW exchange rate traded at 1,485.70 won as of 09:17 on July 16th, up 1.00 won from the previous Seoul close of 1,484.70 won. The rate fell 1.30 won from the New York close of 1,487.00 won. The exchange rate remained pressured by dollar supply dominance and expectations for a Bank of

According to Yonhapinfomax, South Korea's Bank of Korea reported on July 16 that overnight call rates stood at 2.564% on the previous trading day (July 15). Base reserve funds faced a shortfall of 14.3 trillion won, with cumulative reserves short by 50.5 trillion won. Overnight call market trading v

PIMCO maintained its forecast that the Federal Reserve will keep interest rates frozen throughout 2026, with economist Tiffany Wilding stating US inflation will slow in the second half. Wilding cited differences from the 2022 inflation environment, including current labor market conditions not

According to Pimco economist Tiffany Wilding's July 15 report, the Federal Reserve is expected to maintain interest rate freeze throughout 2026 as inflation moderates in the second half of the year. Wilding noted that current inflation environment differs from 2022, with labor market no longer a

According to BlockBeats, Bank of Korea Governor Shin Hyun-song announced on July 16 that the central bank will raise the interest rate on its special lending program.

According to The Fact, the Bank of Korea raised its base rate from 2.50% to 2.75% on July 16, the first increase in three and a half years. The move will increase borrowing costs for individual investors, as margin loan debt via securities accounts has reached 62 trillion won. Credit financing

According to Yonhapinfomax, South Korea's government bond futures strengthened on July 16, tracking gains in overnight U.S. Treasury yields. The 3-year contract rose 7 ticks to 102.88, while the 10-year contract gained 12 ticks to 105.30 as of 9:03 a.m. Seoul time. U.S. Producer Price Index data re

According to Yonhap Infomax, the US dollar-Korean won spot rate in the Seoul foreign exchange market was quoted at +0.05 Korean won as of the morning of July 16. Meanwhile, the non-deliverable forward (NDF) fixing position remained neutral, indicating balanced positioning among regional market

Nouriel Roubini, the New York University professor known as 'Dr. Doom' for predicting the 2008 global financial crisis, warned on July 15 (local time) that inflation remains the biggest risk factor in financial markets and US 10-year Treasury yields could approach 8%.

The Bank of Korea raised its benchmark interest rate by 0.25 percentage points to 2.75% on May 16, marking the first monetary tightening since January 2023. State Street's Dweefor Evans, Head of Market Asia-Pacific Macro Strategy, noted the move was widely anticipated by markets, with investor

According to Business Insider, on July 15, economist Nouriel Roubini warned that U.S. Consumer Price Index (CPI) inflation could rise to 5-6% due to structural factors, significantly above the June rate of 3.5%. The "Dr. Doom" economist cited geopolitical tensions, particularly the U.S.-Iran

POSCO repaid approximately $360 million in dollar-denominated bonds early through a debt tender offer on the 15th, reducing its interest cost burden. The bonds were 5.75% fixed-rate 5-year notes issued in 2023 with an original maturity date of January 2028. The early repayment addresses high-interes

According to Yonhapinfomax, on July 16, U.S. producer price inflation data weakened the dollar, with June PPI falling 0.3% month-over-month, below market expectations. Seoul foreign exchange dealers forecast the USD/KRW exchange rate could decline to the 1,480-won level as inflation concerns ease.

According to industry sources, POSCO repaid approximately $358 million of its dollar-denominated bonds on July 15 through a debt tender offer, ahead of the original 2028 maturity. The 5.75% fixed-rate bonds, issued in 2023 with a total issue size of $1 billion, were redeemed about 18 months early. T

Natixis’ U.S. chief economist, Hodge, said that for the remainder of 2026, the Fed will prioritize inflation, but will not immediately pivot, with expectations that the pause will be extended. If the next two CPI prints come in above expectations, Warsh’s hawkish stance may be forced to raise rates. He emphasized that housing carries about 35% weight in the CPI, while wage growth is 3%–3.5%, which should help move toward the inflation target of 2% . At the same time, global de-dollarization and increased gold buying are driven mainly by uncertainty around U.S. policies.

According to the Bank of Korea, the country's core inflation rate this year is expected to be slightly higher than the previously forecasted 2.4%.

The Bank of Korea approved its interest rate decision by unanimous vote on Thursday, according to an official statement from the central bank.

According to Robin Brooks, a senior fellow at the Brookings Institution and former Goldman Sachs FX strategist, the dollar avoided a steeper decline on July 15 primarily due to geopolitical risks driving oil prices higher. Brooks noted that core U.S. inflation has already retreated to a mild

According to the People's Bank of China, the central bank conducted 626 billion CNY of 7-day reverse repurchase operations today (July 16), with both the bid volume and winning volume of 626 billion CNY each, at an operating rate of 1.40%, unchanged from the previous