DXY & Forex

Bank of Korea Governor Shin Hyun-song said on July 9 that the current won liquidity is not lacking, despite acknowledging that a currency swap arrangement would provide symbolic and psychological benefits to the currency. Appearing before parliament's fiscal and economic committee, Shin stated that

According to Yonhap Infomax, on July 9, South Korea's 10-year government bond yield rose to 4.278%, reaching its highest level in one month. The 30-year yield climbed to 4.491%, marking an all-time intraday high. The rise was driven by escalating U.S.-Iran tensions, which pushed crude oil prices hig

Sonal Desai, Chief Investment Officer for Fixed Income at Franklin Templeton, stated in a recent CNBC interview that current interest rate levels offer attractive opportunities for bond investors. Market expectations have shifted from Federal Reserve rate cuts to potential rate hikes following the

According to CNBC on July 8, U.S. 10-year Treasury yields climbed to 4.59% amid growing expectations for additional Federal Reserve rate hikes. Sonal Desai, Chief Investment Officer of Franklin Templeton's fixed income division, noted that current absolute yield levels for both high-yield and

According to Jin10, Japan's 10-year and 20-year government bond yields surged to multi-decade highs this week, with the spread between 10-year and 2-year yields expanding to 143 basis points on Wednesday, the highest since 2004. The move reflects market concerns over long-end inflation risks and

According to traders, India's central bank likely intervened on July 9 to support the rupee amid rising oil prices from Middle East tensions. The rupee traded at 95.49 against the dollar, slightly stronger than the previous close of 95.5550. Traders observed at least two state-owned banks selling do

Korean bond market participants have increased purchases of short-term high-quality bonds in the week ahead of the Bank of Korea's monetary policy committee meeting, according to industry sources. Bond dealers cite excessive pricing of future rate hikes as the primary catalyst, with 1-year bank bond

The Bank of Korea has submitted an official report to the National Assembly, explicitly reaffirming its stance on interest rate hikes; the market generally expects that the July 16 rate meeting will raise the benchmark rate from 2.50% to 2.75%, ending a streak of eight consecutive meetings with no change. The report echoes the Bank of Korea's hawkish shift in May: the central bank has raised its 2026 GDP growth forecast to 2.6% and revised its inflation forecast upward to 2.7%. Three Main Reason

Bank of Korea Governor Shin Hyun-song signaled the need to raise the base rate at an appropriate time during a parliamentary address ahead of next week's monetary policy committee meeting. The governor cited inflation remaining above target levels, improved economic growth, and increased financial s

South Korean banks reported household loans increased 7.6 trillion won month-over-month in June, marking the largest expansion in 22 months since August 2024. The growth was driven by mortgage loans rising 4.3 trillion won amid increased housing transactions in the Seoul metropolitan area, while

According to Yahoo Finance on July 9, UBS expects U.S. Treasury yields to decline as secondary inflation effects remain limited. The bank noted that while persistent inflation concerns are currently driving up global bond yields, rates should fall over time as central banks gain confidence that infl

Overnight Shibor fell to 1.3600%, declining 0.63 basis points. Seven-day Shibor decreased to 1.3800%, down 0.1 basis points, while three-month Shibor dropped to 1.4290%, down 0.22 basis points.

According to Guru Club, the Thai baht weakened to 33.565 against the U.S. dollar on July 9, marking its lowest level since May 2.

According to BOK Governor Shin Hyun-sung, the Korean won is very likely to strengthen against the U.S. dollar in the future, given South Korea's strong economic fundamentals. "From a fundamental perspective, the Korean won is very likely to regain strength," Shin said when asked about the won's

According to Yonhapinfomax, the USD/KRW exchange rate rose to 1,501.40 on July 9 morning, up 2.90 won from the previous Seoul session close of 1,498.50 won, as escalating U.S.-Iran military tensions following Iran's tanker attack heightened market anxiety. The won briefly recovered to 1,496.80 won,

According to Today News, the US dollar-won exchange rate dropped sharply on July 9 as SK Hynix's ADR (American Depositary Receipt) listing heightened dollar supply expectations. The currency touched the 1,400 won level after rising to 1,600 won forecast earlier. Foreign stock net selling also

Japanese stocks rose on the 9th, with the Nikkei 225 index climbing 1,144.04 points (1.71%) to 67,963.09 as of 9:17 AM, driven by overnight buying in US technology stocks. The rally followed US President Donald Trump's decision to soften his rhetoric on Iran after initially

According to the Federal Reserve's official FOMC minutes released on June 8, Fed Chair Kevin Warsh reduced the published June meeting minutes to 15 pages compared to former Chair Jerome Powell's standard 18-page format. The substance of the minutes also shifted in presentation style, making it

According to Wall Street Journal reporter Nick Timiraos on July 9, the Federal Reserve's June meeting minutes reveal that disagreements among officials stem primarily from divergent inflation forecasts rather than fundamental conflicts over rate policy. The Fed has identified two scenarios: if infla