DXY & Forex

According to Yonhapinfomax, on July 20, South Korean government bond futures fell as escalating U.S.-Iran conflict drove crude oil prices higher. The 3-year government bond futures dropped 17 basis points to 102.72, while the 10-year contract declined 43 basis points to 104.98. WTI crude oil

According to Yonhapinfomax, South Korea's central bank raised its benchmark interest rate by 0.25 percentage points on July 16, marking the first increase in 3 years and 6 months. Central Bank Governor Shin Hyun-song said 24-hour forex trading has not yet reduced NDF market activity, adding that the

According to Zhitong Finance, South Korean stock ETFs surged this morning (July 20), with leveraged tracking products posting double-digit gains. The Nantian 2x Leveraged Samsung Electronics ETF (07747) rose 17.41% to 78.9 HKD, while the Nantian 2x Leveraged SK Hynix ETF (07709) climbed 14.51% to 51

According to Odaily, South Korea's government released a won internationalization roadmap on July 20, planning to transition the won from a regulated to a freely convertible currency. The roadmap was jointly developed by South Korea's Financial Services Commission, Bank of Korea, Financial

Taiwan's New Taiwan Dollar (TWD) fell to 32.42 against the U.S. Dollar, marking its weakest level since April 2025.

On the 20th, foreign exchange dealers in the Seoul foreign exchange market forecast the dollar-won exchange rate would rise to the 1,480 won range but remain range-bound with limited upside. Middle East geopolitical risks intensified as the US Central Command announced on the 17th (local time)

Bank of America forecasted on the 18th (local time) that the US dollar will maintain its upward trajectory in the second half following a 2.5% appreciation in the first half, driven by three reinforcing factors. The bank attributed the dollar's strength to Middle East geopolitical tensions,

According to Bank of America, released on July 18, the U.S. dollar is forecast to continue strengthening in the second half of 2026 after gaining 2.5% in the first half. The bank attributed the first half appreciation to increased foreign investor exposure to U.S. tech stocks and rising rate

Since taking office as chair in May, FED Chair Kevin Warsh has clearly said he will reduce external communications and reshape how forward-looking guidance is delivered, prompting Wall Street to rapidly adjust its policy-implied forecasting tools. This week, F/m Investments rolled out an AI tool called “WarshGPT.” It analyzes nearly 1,800 documents and speech transcripts from Warsh, aiming to help users understand how he may view issues related to the economy and monetary policy. Warsh’s shift i

POSCO became the first Korean company to redeem foreign currency bonds early through a debt tender offer. The steelmaker recently redeemed approximately $360 million of $1 billion bonds issued in 2023, with the bonds originally set to mature in January 2028. POSCO undertook this measure to reduce fi

According to Yonhap Infomax, Posco recently early-redeemed $360 million of foreign currency bonds issued in 2023 through a debt tender offer on July 20, ahead of their January 2028 maturity. The bonds carry a 5.75% interest rate, issued when U.S. rates were rising. The early redemption is

China's central bank conducted 398.5 billion yuan in 7-day reverse repurchase operations today (July 20), with 224 billion yuan expiring. The operations resulted in a net injection of 174.5 billion yuan into the money

According to China's interbank foreign exchange market, on July 20, the Chinese yuan weakened against major currencies. USD/CNY rose to 6.7948, up 14 points. EUR/CNY fell to 7.7570, down 61 points; GBP/CNY dropped to 9.1262, down 152 points; AUD/CNY declined to 4.7365, down 98 points; CAD/CNY

From 00:45 to 01:00 (UTC) on July 20, 2026, BTC fell by 0.41% over 15 minutes. Its price range was 64,411.7–64,822.2 USDT, with an Ampl of 0.63%. Over the past 24 hours, BTC’s price change was only -0.02%. The current offer is about $64,824.5. The intraday trading range is limited to $64,278–$64,970 (Ampl of about 1.1%). Overall, the market shows extremely low volatility characteristics: trading is thin and the filled amount is at a relatively low level. The main driver behind this abnormal move

Kevin Warsh, the new Federal Reserve Chair, testified to Congress last week and confirmed plans to reduce the Fed's forward guidance and communication transparency, marking a sharp departure from predecessor Jerome Powell's approach. Warsh stated that providing forecasts for upcoming meetings

Kevin Wash, the new Federal Reserve Chair, announced a significant shift in the Fed's communication strategy during Congressional testimony last week, stating the central bank will adopt a more cautious approach by reducing forward guidance and eliminating the dot plot. This marks a departure from t

According to Jin10, on July 20, the People's Bank of China left one-year and five-year loan prime rates (LPR) unchanged at 3% and 3.5% respectively, marking the 14th consecutive month of no change.

China's one-year loan prime rate (LPR) remained at 3% as of July 20, unchanged from the previous month. The rate matched market expectations of 3.00%.

China's five-year loan prime rate (LPR) stood at 3.5% on July 20, unchanged from the previous reading and in line with market expectations.