DXY & Forex

Canada's unemployment rate for June stood at 6.5%, beating economists' expectations of 6.6% and declining from 6.6% in the previous month.

Canada's job additions in June reached 18,200, exceeding the forecast of 10,000 positions. The prior month saw 87,800 jobs added.

Canada's June employment data will be released in approximately 10 minutes.

Poland's central bank official Kotecki said there is reason to consider rate cuts later this year.

According to Royal Bank of Canada, the U.S. dollar index is expected to rise to 104 by year-end, with the euro projected to decline to 1.11.

According to the Reserve Bank of India, the country's foreign exchange reserves reached $674.19 billion as of July 3, up from $666.93 billion a week earlier, representing a weekly increase of $7.26 billion.

Treasury Inflation-Protected Securities (TIPS) have seen rising yields, offering investors an increasingly attractive alternative to lock in stock market profits accumulated over the last two and a half years. The yield increase reflects declining inflation worries over the last month, driven by eas

According to Guru Club, Kazakhstan's Central Bank announced on July 10 that it will temporarily suspend the requirement for quasi-public sector enterprises to sell 50% of their export foreign exchange earnings, effective next

SWIFT confirmed its blockchain-based shared ledger is ready for initial use, with 17 major banks set to pilot live cross-border payments using tokenized deposits. Built on Hyperledger Besu over nine months, the network includes HSBC, Citi, UBS, BNP Paribas, DBS, ANZ, and Standard Chartered among

According to SWIFT, the financial messaging network confirmed on July 10 that its blockchain-based shared ledger is ready for initial use, with 17 major banks including HSBC, Citi, UBS, and Standard Chartered launching live tokenized cross-border payments pilots. Built on Hyperledger Besu, the

According to QCP Capital, Bitcoin rebounded to around $64,000 as Japanese government bond yields declined. The pullback in yields eased market concerns about yen carry trade unwinding and capital reflows, providing support for the

South Korea's interest rate swap (IRS) rates declined across the board on the 10th day, with the 1-year IRS rate falling 2.25 basis points to 3.4075% as of 4:30 PM. The decline was driven by high certificate of deposit (CD) rates at 2.91%, creating market perception that further rate increases

According to Yonhap Infomax, South Korea's interest rate swap (IRS) rates declined across the board on July 10. The 1-year IRS rate fell 2.25 basis points to 3.4075%, while 3-year, 5-year, and 10-year rates dropped 0.75, 1.00, and 1.00 basis points, respectively. A bond trader attributed the decline

According to Yonhap InfoMax, the US dollar fell to 1,501.40 Korean won on July 10, dropping 4.70 won from the previous Seoul session close of 1,506.10 won. The currency breached the 1,500 won level as export companies increased forward exchange sales and the South Korean government signaled

According to the Global Economic Outlook report released by ING Bank in the Netherlands on July 9, the Dutch bank expects the Federal Reserve to keep interest rates at their current level through mid-2027 and begin a gradual easing cycle in the second half of 2027. ING noted that even though the Fed issued a warning, market expectations for rate hikes have become overly aggressive due to the hawkish stance of the Federal Open Market Committee last month. The bank cited cooling housing inflation

According to the global economic outlook report released by ING Bank in the Netherlands on July 9, the Dutch bank expects the Fed to keep interest rates at current levels until mid-2027 and to begin a gradual easing cycle in the second half of 2027. ING noted that although the Fed issued warnings, market expectations for rate hikes have become overly aggressive due to the hawkish stance from last month’s Federal Open Market Committee. The bank cited easing housing inflation and reduced pressure

Hanwha Ocean sold USD 2 billion in forward exchange contracts on July 10, marking a strategic shift to increase its currency hedging ratio above 70%. The South Korean shipbuilder, which previously maintained an essentially open foreign exchange position, began raising its hedging ratio last month an

According to Edaily, on July 9, South Korea's government reviewed reducing its allocation to long-term government bonds as the yield spread between 10-year and 30-year notes widened sharply. The bond market anticipates the spread could narrow if the government follows through on the plan. Market

According to Yonhap Infomax, on July 10, Hanwha Ocean sold $2 billion in forward foreign exchange contracts through domestic and foreign banks to increase its currency hedging ratio to above 70 percent. The move marks a shift from the shipbuilder's previous open currency strategy. Hanwha Ocean has c