DXY & Forex

According to Meritz Securities analyst Lee Seung-hoon, on July 21, the Bank of Korea will likely make its next rate adjustment in October, rather than implementing consecutive hikes as in past cycles. The analyst noted that while semiconductor-driven export strength is supporting economic growth, th

According to Crane Data, U.S. money market funds with assets exceeding $8 trillion have significantly shortened their weighted average portfolio duration from 45 days to 40 days since mid-May, as managers reduce interest rate risk amid uncertainty over Federal Reserve policy. The shift reflects

According to Yonhapinfomax, on July 21, South Korea's central bank executed a 13 trillion won RP (repurchase agreement) purchase and other liquidity measures, including 2.5 trillion won in fiscal transfers and 2.8 trillion won from public pension funds. These actions are expected to increase daily r

According to the Bank of Korea, on July 21, the central bank expressed concerns that wage increases led by semiconductor bonuses could drive inflation if three conditions converge simultaneously: broad wage growth, strong economic expansion enabling companies to pass costs to consumers, and supply-s

According to a Wall Street Journal survey, six of nine economists expect Indonesia's central bank to raise its benchmark seven-day reverse repo rate by 25 basis points to 6.0% on Wednesday (July 21). The remaining three economists surveyed predict the central bank will hold rates

According to analysts, the European Central Bank is expected to hold interest rates unchanged this week but hike 25 basis points in September, supported by elevated Middle East tensions and rising energy prices. Market pricing shows the ECB may deliver two more rate hikes before year-end. U.S.

South Korean government bond futures opened mixed on July 21, with 3-year futures rising 2 ticks to 102.78 and 10-year futures falling 2 ticks to 105.05 as of 9:05 AM. The divergence occurred as surging UK interest rates pushed global yields higher and international oil prices climbed, yet

According to Yonhapinfomax, South Korea's 3-year government bond futures rose 2 ticks to 102.78, while 10-year futures fell 2 ticks to 105.02, as of 9:05 a.m. on July 21. Foreign investors net-bought 366 contracts of 3-year futures but net-sold 166 contracts of 10-year futures. Global rate

According to Yonhap Infomax, on July 21 before 9 a.m., the USD-KRW spot MAR (market average rate) quotes in the Seoul foreign exchange market traded at par level. The NDF fixing position was square, indicating a neutral stance among regional market

South Korean 3-year government bond yields surged past 3.9% intraday on the 20th, approaching the 4% threshold for the first time in nearly two years and eight months since November 1, 2023, when yields closed at 4.073%. The sharp rise followed a wave of reports from global investment banks after th

According to Yonhapinfomax, on July 21, South Korea's 3-year government bond benchmark yield surged to 3.916% intraday, approaching 4% for the first time in approximately 2 years and 8 months. The last time the yield touched 4% was November 1, 2023, when it closed at 4.073%. Global investment

According to Yonhap Infomax, the dollar-won exchange rate fell below 1,480 won on July 21, marking the fifth consecutive day of decline. SK Hynix has begun converting 26.5 billion dollars raised through its ADR listing into Korean won for domestic investment. Market participants cited the company's

Seoul foreign exchange dealers expect range-bound trading in the USD/KRW pair on the 21st as geopolitical uncertainty collides with dollar-selling supply dominance. Pro-Iranian Yemen Houthi rebels declared a Red Sea blockade targeting Saudi Arabia, pushing international oil prices higher and

South Korean banks issued 91-day certificates of deposit at 2.91% on July 20, showing minimal response to the Bank of Korea's 25 basis point base rate increase to 2.75% announced last week. Kookmin Bank issued 200 billion won and Hana Bank issued 315 billion won at the same rate, according to data f

According to Yonhapinfomax on July 21, South Korea's 91-day CD rates remained flat at 2.91% despite the central bank raising its benchmark rate by 25 basis points to 2.75% the previous week. Kookmin Bank and Hana Bank both issued CDs at this rate on July 20, showing minimal market response to the ra

According to Seoul foreign exchange dealers on July 21, the USD/KRW exchange rate is expected to trade in a range of 1,472.00–1,485.00 won, pressured by diverging forces: mounting Middle East tensions support dollar strength, while active dollar selling flows from exporters' hedging and SK Hynix's $

Bitcoin (BTC) is decoupling from U.S. tech stocks and continues to rise, temporarily around $65,500 as of July 21. U.S. President Trump did not sign the ethics provisions, and negotiations on the CLARITY Act have hit a stalemate. Grayscale has filed a registration statement for a Grayscale Worldcoin ETF with the U.S. Securities and Exchange Commission (SEC). Macro Events & Crypto Market Hotspots 1、According to The Block, last week, Sichuan普 President and Republican senators Bernie Moreno and Cyn

According to Jin10, the People's Bank of China conducted 253 billion yuan in 7-day reverse repos today (July 21). With 236.5 billion yuan maturing, the operation resulted in a net injection of 16.5 billion yuan into the money

On July 21, China's interbank foreign exchange market set the yuan's midpoint rate against the dollar at 6.7917, down 31 points from the previous day as the yuan appreciated. The euro/yuan rate was set at 7.7418, down 152 points, while the British pound/yuan fell 179 points to 9.1083. The Canadian d