DXY & Forex

South Korea's Ministry of Finance and Economy announced on the 7th that its upcoming tax reform plan, scheduled for release at the end of this month, will protect single residential homes for actual residence while rationally reorganizing systems that encourage real estate speculation. Kim Hu-jin,

According to South Korea's Ministry of Economy and Finance, the government announced on July 7 it will strengthen management of foreign exchange market and real estate sector risks while rolling out a comprehensive tax reform plan by late July. Kim Hoo-jin, the ministry's director of planning and co

According to Jin10, the Chicago Mercantile Exchange (CME) foreign exchange futures trading volume report for July 6 has been updated in the Jin10 data center.

According to Gate market data, U.S. 10-year Treasury yields rose 1.8 basis points to 4.497% today.

According to Jin10, Korean won started 24-hour forex trading on July 7, with daily volume reaching approximately $15.1 billion, down 6% from the past 30-day average. The extended trading hours fill the previous gap between Seoul regular sessions and New York trading times. Trading activity

According to Jin10, CNH HIBOR rates across major tenors fell on July 7, with overnight HIBOR declining 5 basis points to 1.37970%, marking its lowest level since June 8. One-week HIBOR fell to 1.53424%, while two-week HIBOR dropped 7 basis points to 1.53606%, both hitting their lowest points since J

According to Korea Federation of Banks, on July 7, commercial bank 12-month fixed deposit rates rose to 2.4%–3.82% amid a rising interest rate environment. Meanwhile, savings banks offered deposit products in the 4% range, with some promotional offerings reaching the 5%

According to Japan's Ministry of Health, Labour and Welfare on July 7, real wages in May rose 1.4% year-over-year, marking the fifth consecutive month of increases and the longest streak since 2021. Nominal wages per worker reached 311,165 yen (approximately $2,940), up 3.2%, marking the first

Bitcoin rebounded after softer U.S. jobs data strengthened market expectations for Federal Reserve rate cuts, according to the U.S. Bureau of Labor Statistics. The softer employment figures supported the view that the Fed has more room to ease monetary policy. Bitcoin reacts to liquidity

Korean government bond yields showed mixed movements during morning trading on the 7th, with 3-year and 10-year yields declining while 30-year yields rose. The 3-year benchmark yield fell 0.5 basis points to 3.765%, and the 10-year yield dropped 0.5 basis points to 4.200%, while the 30-year yield cl

According to Yonhap Infomax, on July 7, South Korea's 30-year government bond yields rose 3.0 basis points to 4.430%, bucking the decline seen in shorter-duration bonds. The 3-year yield fell 0.5bp to 3.765%, while the 10-year yield dropped 0.5bp to 4.200%. The stock market decline, with the KOSPI d

Hong Kong Exchanges and Clearing Limited announced today that it has signed a memorandum of understanding with Cross-border Interbank Payment System (CIPS) operator to deepen cooperation in cross-border RMB business. Under the agreement, HKEx's subsidiary Hong Kong OTC Clearing Limited plans to

The U.S. dollar index rose 0.01% intraday to 100.89 on July 7, according to data tracked by FXCM.

According to Federal Reserve Governor Christopher Waller on July 6, excessively rigid forward guidance can actually impede the effectiveness of monetary policy rather than enhance it. Waller cited the FOMC's September 2020 forward guidance pledge, which stated rate hikes would occur when inflation r

Japan's 30-year government bond auction received a bidding multiple of 4.55, up sharply from 2.94 in June's auction. The demand marks the strongest level for 30-year JGBs since May 2019, signaling renewed appetite for longer-duration Japanese debt

According to remarks made on July 7, PBoC Governor Pan Gongsheng said the central bank will work with Hong Kong's government and financial regulators to further develop Hong Kong as an international financial center, with one key focus on maintaining the city's financial stability and security. Pan

According to Jin10, PBOC Governor Pan Gongsheng announced on July 7 that the People's Bank of China will support the Hong Kong Monetary Authority in increasing the renminbi business funding arrangement scale from 200 billion yuan to 500 billion yuan, with the usage period extended to no more than th

China's overnight SHIBOR (Shanghai Interbank Offered Rate) rose to 1.3740% on July 7, up 0.5 basis points. The 7-day SHIBOR fell to 1.3825%, down 0.75 basis points, while the 3-month SHIBOR declined to 1.4319%, down 0.26 basis points.

According to iM Securities analyst Kim Myung-sil, South Korea is projected to issue 75-90 trillion won in net government bonds for 2027, down from current levels but substantially above pre-pandemic averages of 35 trillion won, according to a report released on July 7. The analyst cited improved cor

According to Pan Gongsheng, governor of the People's Bank of China, on July 7, the annual investment quota for the Bond Connect Southbound scheme has been increased to 800 billion yuan. Pan stated at the Hong Kong Fixed Income and Currency Summit and Bond Connect Forum that the central bank will