DXY & Forex

The Bank of Korea and the Bank of Mongolia revised a memorandum of understanding (MOU) on July 9, covering cooperation in monetary policy, financial stability, and payment systems, according to the Bank of Korea's announcement on July 10. The two central banks originally signed an MOU in 2011 and

According to a Yonhapinfomax survey of 19 domestic and foreign financial institutions on July 10, all respondents expect South Korea's central bank to raise its benchmark rate by 25 basis points to 2.75% this month. No experts anticipated consecutive rate hikes. Most of the 18 responding analysts su

Bitcoin (BTC) rebounded to $63,000 on July 10, but the bulls then showed weakness. US May PCE inflation came in at 4.1%, and the Kalshi prediction market puts the probability of rate hikes within the year at 54%. As tensions between the US and Iran escalate, the US military has attacked 90 targets inside Iran, and navigation through the Strait of Hormuz is again under threat. US-Iran Conflict Escalates: US Attacks 90 Targets, Iran Strikes Back Across the Four Countries in the Persian Gulf Accord

Seoul's bond market is maintaining a cautious stance ahead of the Monetary Policy Committee meeting next week, according to Yonhap Infomax. Market sentiment and domestic monetary policy expectations have tilted somewhat toward a bullish direction following the Bank of Korea's work report to the

According to Yonhapinfomax, South Korea's bond market adopted a wait-and-see stance on July 10 ahead of the Financial and Monetary Committee meeting scheduled for the following week. Bank of Korea Governor Shin Kyou-chul did not signal aggressive rate increases during his parliamentary report

USD/JPY touched 162 intraday today, declining 0.22% during the session.

According to Jin10 Futures, as of 08:45 on July 10, the CFETS-NEX People's Yuan Liquidity Sentiment Index reported 47, up 1 point from 4 p.m. yesterday. The index reflects interbank liquidity conditions, with readings above 50 indicating tightened credit conditions and 50 representing

Hyundai Steel is forecast to see its Q2 operating profit decline more than 20% year-over-year due to high exchange rates and rising raw material costs. Yonhap Infomax compiled Q2 2026 earnings forecasts from five major domestic securities firms, projecting operating profit of 77.4 billion won,

KOSPI and KOSDAQ opened sharply higher on the 10th, driven by a rally in US semiconductor stocks and expectations surrounding SK Hynix's ADR issuance. As of 9:15 AM, KOSPI stood at 7517.70, up 225.79 points (3.10%) from the previous trading day, after opening at 7552.49 with a 260.58-point (3.57%) g

US stock markets rose on July 9 (local time), with the Dow Jones Industrial Average gaining 0.27%, the S&P 500 rising 0.81%, and the Nasdaq Composite climbing 1.3%. Bargain buying emerged amid expectations that the US-Iran military engagement would be short-lived, while Micron Technology's

Japan's Minister of Economy, Finance and Fiscal Policy Shigeru Kitagie stated the government will not provide advance notice to the Bank of Japan regarding its preferences on the timing, pace, or direction of monetary policy

South Korean corporations recorded a record cash surplus of 20.8 trillion won in Q1, yet domestic investment declined sharply despite semiconductor boom profits, according to data from the Bank of Korea released on the 10th. The savings-investment gap widened as corporate earnings increasingly

According to Bank of Korea data released July 10, South Korean companies' surplus funds hit a record 20.8 trillion won in Q1 2026, even as domestic investment declined. Despite robust semiconductor sector profits, corporate earnings were not sufficiently channeled back into local investments,

According to Yonhapinfomax, the dollar-won 1-month NDF (Non-Deliverable Forward) declined to 1,504.90 won (MID) on July 10, down 0.05 won from Seoul's previous spot close of 1,506.10 won. Bid was quoted at 1,504.70 won with ask at 1,505.10 won. The U.S. dollar weakened amid expectations that

Korea Eximbank signed a memorandum of understanding with Mongolia's Trade and Development Bank (TDB) to provide $30 million in trade finance. The signing ceremony took place on the 9th with South Korean President Lee Jae-myung and Mongolian President Khurelsukh in attendance. This marks the

According to Seoul Bond Market data on July 10, South Korea's 3-year Treasury futures rose 5 ticks to 103.14 in overnight trading, while 10-year futures gained 16 ticks to 106.05. Foreign investors net-bought 39 contracts in the 3-year segment, with retail investors adding 18 contracts. U.S. Treasu

According to CME's Fed Watch tool, as of July 10, the probability of the Federal Reserve holding interest rates steady in July is 74.9%, with a 25.1% chance of a 25 basis point hike. For September, the odds shift to a 35.7% probability of no rate change, a 51.1% probability of a cumulative 25 basis

US Treasury bond prices rose for the first time in three days on the 9th afternoon at 3pm Eastern Time, with short-term maturities showing relative strength. The 10-year Treasury yield fell 2.80 basis points to 4.5390%, while the 2-year yield dropped 3.50bp to 4.1640%, according to Yonhap Infomax

On Thursday (July 9), the U.S. dollar index fell to 100.96, driven by declining oil prices and Federal Reserve meeting minutes that revealed significant policy divisions among officials. The June 16-17 FOMC minutes released Wednesday showed that while the Fed kept rates unchanged, policymakers

According to a BBC podcast interview on July 9, Hugh Pill, chief economist of the Bank of England, signaled that the UK needs to raise interest rates within the next year. Pill, one of two Monetary Policy Committee members who voted for a 25 basis point rate increase last month, stated that