DXY & Forex

Woori Financial Management Research Institute forecasts the U.S. Federal Reserve will raise the benchmark interest rate by 25 basis points at the Federal Open Market Committee (FOMC) meeting on September 15-16. The research institute projects the rate increase despite employment slowdown, citing the

According to Woori Financial Research Institute, the U.S. Federal Reserve is expected to raise its benchmark interest rate by 25 basis points at the FOMC meeting on September 15-16, with the upper bound moving from 3.75% to 4.00%, according to the institute's September Financial Market Brief

Makoto Imai, FICC head at Daiwa Securities, stated on the 3rd that the 10-year Japanese Government Bond (JGB) yield breaking 3% for the first time in 30 years is not a decisive level for most Japanese domestic investors. Speaking at Daiwa Securities Korea's JGB seminar at Two IFC in Seoul's

According to Daiwa Securities, on September 3, the Bank of Japan's Government Pension Investment Fund (GPIF) will expand its domestic bond allocation at a much slower and more gradual pace than many market participants anticipate, despite managing over 300 trillion yen in assets. Makoto Imai, head o

According to Yonhap Infomax, South Korean government bond yields declined across all maturities on September 3, with the 3-year yield falling 4.2 basis points to 3.888% and the 10-year yield dropping 5.1 basis points to 4.367%. The 30-year yield declined 2.2 basis points to 4.635%. The decline

The USD-KRW exchange rate fell to 1,359.30 won as of 3:30 PM on the 3rd, down 9.40 won from the previous session, driven by exporter negotiation volumes and yen strength. The closing level marked the lowest in 14 months on a Seoul market closing basis since July 2nd last year. Semiconductor

According to Yonhap Infomax, the USD/KRW exchange rate fell to 1,359.30 won on September 3 afternoon (Seoul time), down 9.40 won from the previous close. The decline marks the lowest level since July 2, 2025, based on Seoul market closing rates. Exporter dollar sales and yen strength weighed on the

According to Gate data, USD/JPY fell to 156.499 in the past 24 hours, declining 2.1% over the period.

According to Johanna Kyrklund, Schroeder's global chief investment officer, the UK-based asset manager has increased holdings in longer-dated U.S. Treasuries on Wednesday. The 10-year U.S. Treasury yield climbed to nearly 4.82%, the highest level since 2023. Kyrklund stated that valuations have

According to Yonhapinfomax, on September 3, foreign exchange swap points in South Korea's FX market closed unchanged, with 1-year swaps at -9.20 won, 6-month swaps at -4.70 won, and 3-month swaps at -1.95 won. Overnight swaps closed at -0.020 won, while tomorrow-and-next swaps settled at -0.090 won.

Masutaka Mimura, Japan's most senior foreign exchange official, expressed concern over the current foreign exchange market on September 3, stating that he is neither reassured nor satisfied with present

On Friday evening, September 4, Beijing time, the U.S. Bureau of Labor Statistics will release the August NFP report. The data will be released during the final week before the FED’s September policy meeting (September 15–16), making its potential market impact self-evident. However, in Bank of America’s view, the NFP report is more of an “appetizer.” The “main course” that will truly determine whether the FED raises rates in September remains the August Consumer Price Index (CPI), scheduled for

According to Bank of Japan account data, the central bank conducted no major intervention in the yen on Wednesday (September 2).

Russia's Finance Ministry announced it will reduce its daily foreign exchange purchases to 2.5 billion rubles from September 7 to October 6, down from the previous 6.5 billion rubles per day.

According to Russia's Ministry of Finance, starting September 7, the daily net foreign currency purchases will be reduced to 1.92 billion rubles from 5.92 billion rubles, marking a decrease of approximately 67.6%.

Russia's Finance Ministry will purchase 55.6 billion rubles in foreign currency from September 7 to October 6, according to an official announcement. The revised plan represents a significant reduction from the previously announced amount of 136.17 billion rubles.

Eurozone producer price inflation (PPI) reached 5.8% year-on-year in July, according to Eurostat, exceeding the consensus forecast of 5.3% and rising from 4.60% in the prior month.

Eurozone's producer price index rose 1.6% month-over-month in July, rebounding from a decline of 0.3% in the prior month.

The won/yen exchange rate hit 863.5 won per 100 yen on September 3, rising 1% from the previous day, after reaching an intraday low of 854 won — the lowest level since November 2023. The rate has dropped 5.9% in the past month and approximately 10% since the end of the second quarter. The

Offshore yuan closed at 6.7181 against the U.S. dollar on September 3 at 16:30, rising 38 pips from the previous trading day.