DXY & Forex

South Korea's National Pension Service (NPS) halted its currency hedging operations around June as the USD/KRW exchange rate declined to levels the fund deemed suitable for dollar purchases. The decision came after the exchange rate broke through the 1,350 won level and fell into the 1,330s range. N

According to Macquerie, on September 7, the investment bank predicted the Federal Reserve will raise interest rates by 25 basis points in September 2026, bringing forward its previous expectation of a December hike. Macquerie also maintains its forecast for another 25 basis point increase in the

Takuji Aida, economic adviser to Japanese Prime Minister Sanae Takaichi and chief Japan economist at Crédit Agricole, projects the Bank of Japan will raise its policy interest rate to 1.25% at its September 17-18 meeting. The projected increase stems from yen weakness, building inflation risks, and

According to Japan's Ministry of Finance, Japan sold ¥11.73 trillion ($73.4 billion) worth of foreign securities, including US Treasuries, in May to fund yen-buying interventions. Japan's foreign securities holdings dropped $75.6 billion in May alone, the largest single-month decline on record,

According to Takuji Aida, chief Japan economist at Crédit Agricole and economic adviser to Prime Minister Sanae Takaichi, the Bank of Japan is projected to raise its policy interest rate to 1.25% at its September 17-18 meeting. This would mark Japan's highest policy rate in decades. Aida forecasts

According to Jin10, on Monday September 7, the 1-year CNH HIBOR (offshore yuan Hong Kong interbank offered rate) fell to 1.66212%, marking its lowest level since July 21. Meanwhile, the overnight HIBOR rose 4 basis points to 1.41591%, reaching its highest point since August 25. The 2-week HIBOR

South Korean corporate loans from deposit-taking institutions increased by 30.6 trillion won in the second quarter, reaching a total balance of 2,065.3 trillion won at quarter-end. This marks the second consecutive quarter of loan growth exceeding 30 trillion won, though the increase was slightly

According to the Bank of Korea's Issue Note released on September 7, a 1 percentage point increase in interest rates raises the delinquency probability of high-leverage home-purchase households by 0.81 percentage points. The report, which analyzed household debt risk using a household-level

According to the Bank of Korea, corporate lending balances at deposit-taking institutions reached 2,065.3 trillion won at the end of Q2 2026, up 30.6 trillion won from the previous quarter. This marks the second consecutive quarter with growth exceeding 30 trillion won. Manufacturing sector lending

From 02:45 to 03:00 UTC on September 7, 2026, ETH plunged 0.62% in the Short-term, with its price falling from $2,527.64 to $2,510.73 and an Ampl of 0.67%. Over the previous 24 hours, ETH had traded within a narrow range around $2,500, with a 24-hour change of only +0.28% and an intraday range of approximately $73. Overall, the market showed a low-volatility consolidation pattern with no clear Side, while market attention remained limited. The primary driver of this move was the U.S. August NFP

According to Jin10, foreign investors poured $3.9 billion into Malaysian government and corporate bonds in August, marking the largest monthly inflow since 2016, driven by optimism over artificial intelligence's impact on Southeast Asia's economy. Malaysia has become a major data center hub in the r

Wall Street experts expect the Federal Reserve's September rate decision to hinge on next week's inflation data and long-term bond yield trends, following stronger-than-expected US employment figures. Ryan Weldon, investment director and portfolio manager at IFM Investors, told Business Insider

According to analysts, stronger-than-expected U.S. employment data reported yesterday (September 6) has shifted market focus to next week's inflation report, with traders pricing in a 62% probability of a 25 basis-point rate hike at the Federal Reserve's September 16 meeting. IFM Investors

BOK researchers Jihyun Kim and Sangheum Cho’s latest study finds that when global exchanges allow users to directly purchase USD Stablecoins such as USDT with Fiat, this activity transmits selling pressure to the Forex market through market maker rebalancing, weakening local currencies. Chainalysis data shows that the total volume of Stablecoins purchased with Korean won from July 2024 to June 2025 reached $64 billion. BOK Research Methodology This study was co-authored by BOK researchers Jihyun

According to Jin10, UBS hired three former Nomura Holdings employees in Tokyo this month to strengthen cross-asset sales to local institutional investors. Takashi Kigami and Yuta Kitagawa joined the Swiss bank's securities department in September, with Masahiro Kubo joining about a month earlier.

According to bond market analysts quoted by Yonhap Infomax on September 7, South Korea's newly established Future Response Fund is expected to channel significant capital primarily into short-term bonds in 2027, potentially reducing the government's long-term bond issuance. Analysts estimate the

According to market sources, South Korea's pension fund has suspended its foreign exchange hedging activities on September 7.

According to Yonhap Infomax, the USD/KRW exchange rate fell to 1,345.80 won as of 9:07 AM KST on September 7, down 4.60 won from the previous trading day's close. The decline continued despite strong U.S. August non-farm payroll data released on September 5.

According to Yonhap Infomax, South Korea's government bond futures declined on September 7 morning, reflecting overnight surges in U.S. Treasury yields following an unexpected employment report. The 3-year futures fell 6 basis points to 103.11, while 10-year futures dropped 15 basis points to 105.29

According to Yonhap Infomax, the USD-KRW spot rate in the Seoul foreign exchange market traded at par (zero level) on the morning of September 7. NDF fixing positions were neutral, indicating that intraday market participants faced balanced hedging