DXY & Forex

According to Yonhap Infomax, the USD/JPY exchange rate fell to 162.062 as of 10:45 AM KST on July 16, down 0.03% from the previous close. The pair declined from around 162.2 yen at the session open to a low of 162.027 yen, pressured by comments from Japanese Finance Minister

According to Jin10 Data, on Thursday, July 16, most tenors of China's offshore interbank offered rates (CNH HIBOR) declined. The two-week rate fell to 1.46849%, while the overnight HIBOR rose slightly to 1.43939%. The one-week rate held steady at 1.45000%, and the one-year rate remained at 1.71758%.

The BOK officially announced on July 16 that it would raise interest rates by 1 step (0.25 percentage point), increasing the benchmark rate from 2.5% to 2.75%. This is the first rate hike in more than three years and meets market expectations. BOK Governor Shin Hyun-soo cited four key risks—inflation, growth, the exchange rate, and financial stability—as pressing factors pointing in the same direction. A hot AI chip cycle is boosting semiconductor demand; inflation remains sticky and is pushing

Major financial institutions issued divergent US dollar forecasts following June consumer price index (CPI) and producer price index (PPI) releases that came in below market expectations. ING Bank, Brown Brothers Harriman (BBH), and Mitsubishi UFJ Financial Group (MUFG) presented contrasting views o

ING Bank forecasts inflation will slow through 2027 for four reasons, according to a statement on May 15 (local time). The bank cited potential oil price declines if US-Iran negotiations resume, housing cost deceleration showing sub-1% year-over-year growth, labor market rebalancing from 2022's

According to Yonhapinfomax, on July 15, Bank of America CEO Brian Moynihan said the U.S. economy functions best when nobody pays attention to Federal Reserve decisions, adding that focus should shift to the real economy rather than central bank actions. Speaking at the Axios House News Shapers

The Bank of Korea's Governor stated that the central bank will monitor the impact of the 24-hour Korean won non-deliverable forward (NDF) market on July 16. The move signals increased oversight of the expanded trading hours for won NDF

According to the People's Bank of China, credit outstanding growth slowed by 0.3 percentage points to 5.2% year-over-year in June, while social financing stock growth fell to 7.4% and M2 growth declined to 8.0%. To support economic recovery, the PBOC increased liquidity operations, injecting 700

Financial Supervisory Service (FSS) Governor Lee Chan-jin directed monitoring of securities firms' credit financing and margin trading trends on the 16th, citing concerns that retail investor losses could expand amid stock market volatility following a 25 basis point base rate hike. The directive

According to Bloomberg, the British pound index rose 1% on Wednesday, July 16, reaching its highest level since July 2, 2025, following reports that Shabana Mahmood will be appointed UK Finance Minister under incoming Prime Minister Andy Burnham. The index maintained near this level during Asian

South Korea's Central Bank Governor Shin Hyun-sung stated that the bank could have raised interest rates in May but decided against action due to insufficient data.

The USD/KRW exchange rate traded at 1,485.70 won as of 09:17 on July 16th, up 1.00 won from the previous Seoul close of 1,484.70 won. The rate fell 1.30 won from the New York close of 1,487.00 won. The exchange rate remained pressured by dollar supply dominance and expectations for a Bank of

According to Yonhapinfomax, South Korea's Bank of Korea reported on July 16 that overnight call rates stood at 2.564% on the previous trading day (July 15). Base reserve funds faced a shortfall of 14.3 trillion won, with cumulative reserves short by 50.5 trillion won. Overnight call market trading v

PIMCO maintained its forecast that the Federal Reserve will keep interest rates frozen throughout 2026, with economist Tiffany Wilding stating US inflation will slow in the second half. Wilding cited differences from the 2022 inflation environment, including current labor market conditions not

According to Pimco economist Tiffany Wilding's July 15 report, the Federal Reserve is expected to maintain interest rate freeze throughout 2026 as inflation moderates in the second half of the year. Wilding noted that current inflation environment differs from 2022, with labor market no longer a

According to BlockBeats, Bank of Korea Governor Shin Hyun-song announced on July 16 that the central bank will raise the interest rate on its special lending program.

According to The Fact, the Bank of Korea raised its base rate from 2.50% to 2.75% on July 16, the first increase in three and a half years. The move will increase borrowing costs for individual investors, as margin loan debt via securities accounts has reached 62 trillion won. Credit financing

According to Yonhapinfomax, South Korea's government bond futures strengthened on July 16, tracking gains in overnight U.S. Treasury yields. The 3-year contract rose 7 ticks to 102.88, while the 10-year contract gained 12 ticks to 105.30 as of 9:03 a.m. Seoul time. U.S. Producer Price Index data re

According to Yonhap Infomax, the US dollar-Korean won spot rate in the Seoul foreign exchange market was quoted at +0.05 Korean won as of the morning of July 16. Meanwhile, the non-deliverable forward (NDF) fixing position remained neutral, indicating balanced positioning among regional market