DXY & Forex

Germany's two-year bond yield rose 6 basis points to 2.646% on July 8, reaching its highest level since June 19.

According to Hana Bank, the South Korean won dropped below 1,500 against the US dollar on July 8 for the first time in 41 days. At 3:45 p.m., the exchange rate stood at 1,500 won per dollar, down 17.2 won (1.13%) from the previous trading session. The intraday low reached 1,498.5 won, marking a

According to Yonhapinfomax, the USD-KRW exchange rate fell to 1,508.90 on July 8 at 1:45 PM KST, down 19.30 won from the previous Seoul market close. The currency pair touched a session low of 1,506.80 won amid strong dollar selling demand following South Korea's May current account surplus, which r

On July 7, 2026, local time, U.S. Central Command announced the completion of a new large-scale military strike against Iran, hitting over 80 targets including Iran's air defense systems, command and control networks, coastal radar stations, and more than 60 small boats of the Islamic Revolutionary Guard Corps. The U.S. Treasury simultaneously revoked the previous 60-day sanctions exemption on Iran's oil sales. Explosions were reported in multiple locations in southern Iran, including Qeshm Isla

According to Kim Nam-hyun's Column, South Korea's central bank will decide on its base rate on July 16, with markets viewing the decision as the start of a rate-hike cycle. Market participants expect potential rate increases of up to 100 basis points through the first half of 2027, with some

According to Jin10, euro, British pound, and Japanese yen foreign exchange options with a combined notional value exceeding $1 billion are set to expire on July 8 at 22:00 Beijing time, with 7 strike prices at or above the $1 billion

South Korea's Ministry of Economy and Finance finalized the maturity structure for euro-denominated foreign exchange stabilization bonds and plans to issue them as early as the 8th, according to investment banking industry sources. The ministry aims to preemptively boost foreign exchange reserves,

According to investment banking sources, South Korea's Ministry of Economy and Finance is set to issue euro-denominated foreign exchange stabilization bonds as early as July 8, with a remaining issuance limit of $2 billion. The ministry has selected five underwriters including J.P. Morgan, Citi,

According to CoinDesk, Bitcoin slipped 1% to $62,657 on July 7 after the US and Iran exchanged aerial strikes, as traders moved away from riskier assets. Ether, XRP, and Solana fell between 1% and 2.3%, while the Dollar Index stayed above 101 and WTI crude oil rose more than 2% to $72.27.

According to Tradeweb data, on July 8, the U.S. 10-year Treasury yield rose to a four-week high of 4.565%.

According to the London Stock Exchange Group (LSEG), on July 8, the London Clearing House (LCH) began accepting offshore RMB-denominated Chinese government bonds as eligible non-cash collateral. The move enables market participants to pledge high-quality local currency assets and use their balance s

The Reserve Bank of New Zealand (RBNZ) raised its Official Cash Rate (OCR) by 25 basis points to 2.50% on the 8th, matching market expectations, in response to inflation pressures stemming from the Iran war. The unanimous decision marks a policy reversal after the central bank had cut rates by 325 b

According to RBNZ, on July 8, the New Zealand central bank raised its official cash rate (OCR) to 2.50%, a 25 basis point increase approved unanimously. The decision addresses inflationary pressures stemming from the Iran war and related

According to Yonhapinfomax, on July 8, as of 11:16 a.m. KST, the USD/KRW exchange rate fell 15.00 won from the previous Seoul session close to 1,513.20 won, amid renewed geopolitical tensions in the Hormuz Strait. On July 7, the U.S. Central Command announced it completed a new offensive against

According to Seoul's bond market data on July 8, South Korea's 3-year government bond yield rose to 3.809%, while the 10-year yield climbed to 4.258%, driven by overnight Middle East geopolitical tensions. The spike followed reports of tanker attacks in the Strait of Hormuz and the U.S. Treasury's a

According to Jin10, offshore Chinese yuan Hong Kong interbank offered rates (CNH HIBOR) on Wednesday, July 8 showed multiple period rates adjusting downward. The one-week HIBOR declined 7 basis points to 1.46849%, marking its lowest level since June 17. The two-week HIBOR fell 7 basis points to 1.4

According to RBA Deputy Governor Sarah Hunter, speaking on July 8 at the ACE 2026 conference in Canberra, Australia's economy is showing little evidence of slowdown despite recent oil shocks. While consumer and business confidence have declined, economic activity has not yet visibly weakened, Hunter

US stock index futures rebounded during Asian trading on the morning of July 8 despite Middle East tensions. E-mini S&P500 futures rose 0.13% to 7,561.25 as of 10:18 AM Korean time, while E-mini Nasdaq100 futures gained 0.50% to 29,537.00. The recovery followed a US session where the S&P500

The New Zealand dollar gained 0.50% against the U.S. dollar intraday, trading at 0.5705 as of July 8.

Reserve Bank of New Zealand Governor Brainard recently stated that the neutral interest rate level remains uncertain, with an estimated range of 2.5% to 3.5%. The neutral rate is the interest rate level that is neither expansionary nor restrictive to economic activity, and it serves as a key