DXY & Forex

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

According to Jin10 Futures, the CFETS-NEX sentiment index for the yuan interbank funding market reported 47 as of 10:15 on July 9, unchanged from 08:45. By institution type, the sentiment indices were: large banks 46, mid-sized and smaller banks 48, and non-bank institutions 46, all flat. The index,

South Korean government issued €1.7 billion in euro-denominated foreign exchange stabilization bonds on the 9th, marking the largest euro bond offering in the country's history. The dual-tranche issuance comprised €700 million in 3-year bonds and €1 billion in 7-year bonds, both achieving

According to South Korea's Finance Ministry, the country raised 1.7 billion euros in foreign exchange stabilization bonds today (July 9) at historic low spreads. The issuance marks a benchmark for the nation's external debt

Seoul foreign exchange dealers expect the USD-KRW exchange rate to face slight upward pressure this day, driven by rebound demand after the previous day's 29.70 won drop to 1,498.50 won and Middle East geopolitical developments. US President Donald Trump stated 'we don't want a long war,'

Japan's 40-year government bond yields rose 5 basis points to 4.055% today (July 9).

According to Odaily, Bank of Korea Governor Shin Hyun-sung recently stated that interest rate hikes should be implemented at an appropriate time.

Bitcoin (BTC) retraced its early-week gains, currently around $62,420 on July 9. EU officials plan to revise the Markets in Crypto-Assets Regulation (MiCA) to include non-EU stablecoin issuers. Russia proposes criminal penalties for illegal crypto exchanges, with a maximum sentence of five years imprisonment. Macro Events & Crypto Hotspots According to CoinTelegraph, EU officials are planning to amend the MiCA framework amid the US implementing stablecoin legislation. European news outlets repor

According to Yonhap Infomax, on July 9, South Korea's 1-year interest rate swap (IRS) fell 2.75 basis points to 3.4450%, marking the third consecutive trading-day decline. Offshore investors and local securities firms have been aggressively selling short-term positions ahead of next week's central b

According to the People's Bank of China, the central bank conducted a 10 billion yuan 7-day reverse repo operation today (July 9). The operating rate was set at 1.40%, unchanged from the previous level. Both the bidding amount and successful bid matched at 10 billion yuan.

According to Jin10, on Wednesday, former Bank of Japan official Watanabe Tsutomu said the central bank may accelerate rate hikes later this year and eventually raise its benchmark rate above 2% to contain inflation. Watanabe stated that the terminal rate will be around 2% or slightly higher than

According to Citi economist Jin-Wook Kim, South Korea's central bank is expected to raise its benchmark rate from 2.50% to 2.75% at next week's policy meeting, then signal a gradual hiking pace of 25 basis points per quarter throughout the second half of 2026. Citi forecasts rate increases in July a

China's interbank foreign exchange market reported on July 9 that the USD/CNY midpoint weakened 41 points to 6.8036, reflecting yuan appreciation. Other major currency pairs also shifted: EUR/CNY strengthened 82 points to 7.7696; GBP/CNY rose 239 points to 9.1098; AUD/CNY advanced 8 points to 4.715

China's yuan fixed midpoint strengthened by 41 basis points to 6.8036 against the U.S. dollar yesterday (July 8), reaching its strongest level since February 10, 2023.

Bitcoin (BTC) fell back to around $62,000 on July 9. Earlier, the U.S. Federal Reserve (Fed) released the minutes of the June 16-17 FOMC meeting. The 12 voting members voted 12-0 to keep the target range for the federal funds rate unchanged at 3.50%-3.75%, and formally removed “a dovish bias” from the statement, which immediately triggered a sell-off in U.S. stock equities. Key takeaways from the Fed’s June FOMC meeting minutes: Interest rate 3.50%-3.75%, removal of dovish bias (Source: Fed webs

Park Hyun-sik, Research Team Leader at Hana Bank's Hana The Next Strategy Division, recommended in an interview on the 9th that investors increase allocations to US stocks and bonds for the second half, maintaining currency exposure despite elevated dollar-won exchange rates. Park proposed a

Oh Gun-young, head of Shinhan Bank's Premier Pathfinder division, advised investors on the 9th not to focus excessively on whether the Federal Reserve raises interest rates, but rather on the economic environment driving those rate decisions. In an interview with Yonhap Infomax, Oh stated that the c

Bank of Korea Governor Shin Hyun-song is scheduled to testify at the National Assembly Finance Committee on this date as the central bank's blackout period begins. The Seoul bond market is closely watching for any policy signals despite communication restrictions ahead of next week's rate

South Korean bond market participants focused on Bank of Korea Governor Shin Hyun-song's remarks during the parliamentary Finance and Economy Committee report on this day. The silent period begins on this day, limiting the likelihood of significant monetary policy information. International oil

According to Hana Bank's research team, on July 9, the lender recommended a portfolio allocation of 70% stocks, 15% U.S. bonds, and 15% gold for the second half of 2026. The bank expects lower odds of U.S. rate hikes, citing temporary strength in employment and moderating oil prices, arguing that