DXY & Forex

According to Jin10, South Korea's National Pension Service (NPS), the world's third-largest pension fund, is seeking approval to invest in Indian government bonds on September 22 through a low-compliance channel provided by India's market regulator. The fund, which manages assets exceeding $1.3

According to Bank of Korea's September 22 financial stability report, rising USD/KRW exchange rate expanded foreign currency risk-weighted assets (RWA) of domestic banks by 51.3% since Q1 2022, creating downward pressure on capital ratios. The central bank estimated that exchange rate gains since 20

Kim Hak-gyun, Research Center Director at Shinyoung Securities, stated at a Korea Exchange seminar on the 22nd that the current direction of interest rates is determined by the White House rather than the US Federal Reserve. Kim explained that the recent 0.25 percentage point rate hike by the Fed in

According to market reports, traders said India's central bank may be selling U.S. dollars to support the rupee. The RBI's potential intervention comes as the Indian currency faces pressure in forex markets.

According to Kim Hak-gyun, director of Shin Young Securities Research Center, speaking today at a Korea Exchange seminar, interest rate movements are now driven by the White House rather than the Federal Reserve. Despite the Fed raising its benchmark rate by 25 basis points in September, U.S.

According to a Wall Street Journal survey, nine of ten economists expect Indonesia's central bank to hold its seven-day reverse repurchase rate at 5.75% on Wednesday, while one predicts a 25-basis-point rate hike to 6.0%. HSBC economists forecast the next rate increase will occur in the fourth

The Bank of Korea stated on the 22nd that corporate net purchases of forward exchange contracts have continued in the third quarter, unlike the second quarter, assessing that dollar supply in the foreign exchange funding market remains abundant. Kim Shin-young, BOK's Director of Foreign Exchange

According to the Bank of Korea, South Korean companies shifted from selling forward foreign exchange contracts in Q2 to purchasing them in Q3, amid ample dollar supply in offshore funding markets. The arbitrage incentive spread (interest rate differential minus swap rate) widened to -39 basis

ECB Chief Economist Philip Lane said today (Sept 22) that no second-round inflation effects are currently visible. Energy price increases will push up food prices, while service sector pressures should remain manageable, Lane noted. The eurozone economy will continue growing at a stable but

South Korean government bond yields declined on the 22nd, with the 3-year benchmark yield falling 3.0 basis points to 4.022% and the 10-year yield dropping 2.3bp to 4.422% as of 11:03 AM. Foreign investors net purchased 8,986 contracts of 3-year bond futures and 1,464 contracts of 10-year futures, s

The Bank of Korea stated on September 22 that recent sharp declines in the USD-KRW exchange rate reflect improved foreign exchange supply-demand conditions and fundamentals, with no excessive market herding observed at present. Kim Shin-young, BOK Foreign Exchange Analysis Director, made the

Bank of Korea Monetary Policy Board member Jang Yong-seong warned on the 22nd that vigilance against financial imbalance accumulation risks remains high in South Korea's financial stability situation. Jang stated this assessment stems from continued rises in metropolitan housing prices and

According to Yonhap Infomax, South Korea's government bond yields declined on September 22 as international crude oil prices plummeted amid growing expectations for U.S.-Iran talks. The 3-year benchmark yield fell 3.0 basis points to 4.022%, while the 10-year yield dropped 2.3 basis points to 4.422%

According to Yonhapinfomax, on September 22, the U.S. dollar fell below 1,360 Korean won for the first time after a sharp intraday drop exceeding 20 won. The Bank of Korea characterized the rapid decline as a correction reflecting improved foreign exchange supply and fundamentals rather than

According to News1, crude oil prices plunged below $100 per barrel on September 22, easing currency appreciation pressures. However, hawkish remarks from U.S. Federal Reserve officials and expectations of further rate hikes this year continued to support dollar strength against the Korean

According to RBA Governor Michele Bullock, the current unemployment rate of 4.5% is considered tight. The comment reflects the central bank's assessment of labor market conditions amid ongoing economic

According to Jin10, on September 22, most CNH HIBOR tenors fell. The overnight rate dropped 13 basis points to 1.25205%, marking its lowest level since July 31. One-week HIBOR declined to 1.37758%, while two-week HIBOR fell to 1.38788%, the lowest since June 5. One-year HIBOR held steady at 1.66939%

JPMorgan stated on September 21 (local time) that the Federal Reserve's hawkish stance is no longer the primary driver of bond yields, as other factors have moved to the forefront. The bank explained in its publication that the stock market's relatively strong performance after the September Federal

According to JPMorgan on September 21, the Federal Reserve's policy stance is no longer the primary factor shaping bond yields, with U.S. economic resilience, capital demand, competitive fundraising, and rising energy prices now playing equally significant roles in the market. The bank noted that w