DXY & Forex

Onshore Chinese yuan closed at 6.7993 against the U.S. dollar on July 8 (Beijing time 16:30), down 37 points from the previous trading day's official close and 51 points from the prior evening's close.

On July 8, President Trump instructed Treasury Secretary Bessent to terminate all trade with Spain. "I don't want any business with them," Trump stated regarding the directive.

According to CFETS-NEX, the RMB liquidity sentiment index fell to 46 as of 4 p.m. today (July 8), down 1 point from 2:30 p.m., per Jin10 Futures. The index for major banks, mid-size banks, and non-bank institutions stood at 45, 47, and 45, respectively, each declining by 1 point.

According to Daiwa Institute of Research economist Keiji Kanda, over the past year, each 10% depreciation of the yen against the US dollar has resulted in a net drag of approximately 0.14 percentage points on Japan's real GDP growth. While yen weakness typically supports growth through increased

The won-dollar exchange rate closed at 1498.5 won on the 8th, falling below 1500 won for the first time since May 29. The rate had surged to 1559.20 won earlier this month before the recent decline reversed the upward trend. Financial investment industry analysts attribute the won's strengthening to

According to Yonhap Infomax, South Korea's 3-year government bond futures narrowed their decline on the afternoon of July 8, driven by a sharp surge in the Korean won, which rallied more than 11 won against the U.S. dollar to 1,502.70. The 3-year futures held steady at 103.10, matching the

The Financial Commission has added trading analytics provider Tapaas to its Value-added Services program, giving approved broker members access to real-time tools for monitoring execution quality and identifying toxic order flow. The partnership aims to help brokers strengthen internal risk

According to RBNZ, the central bank raised its official cash rate (OCR) by 25 basis points to 2.50% on July 8, 2026, in a unanimous decision. Governor Adrianne Brennan stated that inflation may have peaked, noting it reached 3.9% in Q2, lower than the previously expected 4.3% peak. Following the an

According to Tradeweb, the UK 10-year government bond yield rose to 4.906%, reaching its highest level in four weeks.

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