DXY & Forex

South Korea's Ministry of Economy and Finance Vice Minister Heo Jang chaired a Won Internationalization Task Force meeting on May 8 to finalize a roadmap for transitioning the Korean Won from a regulated currency to a freely convertible currency, with the government planning to announce the roadmap

China's yuan midpoint against the U.S. dollar was set at 6.8077 on July 8, down 23 points from the previous trading day's midpoint of 6.8054, according to official data from the People's Bank of China.

According to the interbank foreign exchange market, the Chinese yuan weakened against the U.S. dollar on July 8, 2026, with the USD/CNY mid-price reported at 6.8077, up 23 basis points. The euro weakened 142 points to 7.7614, while sterling fell 178 points to 9.0859. The Australian dollar

According to Woori Bank, the bank's overseas branches in London, Hong Kong, Los Angeles, and Singapore issued foreign currency bonds on July 8, raising a combined $275 million. This marks the first time the lender's non-headquarters overseas branches have independently raised funds in foreign

Robert Kiyosaki, the financial literacy author globally renowned for “Rich Dad Poor Dad”, posted on X on July 7, citing insights from the new book “The Entropy Trap” and warning that assets operating on trust—including U.S. Treasuries, ETFs, and mutual funds—will be “flushed down the toilet” worldwide. He specifically named Japan and other major bond-holding countries that have begun selling U.S. Treasuries, calling this a precursor to a collapse of trust. Jim Rickards Wrote Foreword for 'The En

According to RBA Assistant Governor Hunt, if inflation expectations rise, the central bank may need to tolerate a period of low inflation coupled with higher unemployment.

According to Yonhap Infomax, New Zealand's central bank is anticipated to raise rates today (July 8), with markets pricing in multiple additional increases in September and December. The decision comes as international oil prices rebound, creating downward pressure on the Seoul bond market. South

According to Yonhapinfomax, on July 8, Iran attacked oil tankers in the Strait of Hormuz, prompting the US to revoke sanction waivers on Iranian crude and petroleum product sales that were set to expire on August 21. The U.S. Central Command responded with airstrikes. Western Texas Intermediate crud

According to Japan's International Balance of Payments data released Wednesday, Japanese investors purchased 350.7 billion yen in Korean bonds in May, approaching historic highs. The May net purchase amount followed April's record 393.6 billion yen.

According to Jin10, Bank of Japan policy board member Asada said on July 8 he must see signs of demand-driven inflation before supporting a rate hike, while noting that cost increases are being passed through at a "relatively fast pace," suggesting possible future support for tightening. Asada,

South Korean government agencies and the Bank of Korea held a joint market situation review meeting on the 8th to address high volatility in financial and foreign exchange markets. Deputy Prime Minister and Minister of Strategy and Finance Koo Yun-chul chaired the meeting at the Government Complex S

According to The Block, the U.S. Commodity Futures Trading Commission (CFTC) on July 8 charged Trevor Vernon and his company Argent Capital Management LLC with defrauding approximately 60 investors of $14 million through a fraudulent commodity pool. The pool traded stock index futures options,

South Korea will unveil its internationalization roadmap for the Korean won by the end of July.

According to South Korea's Ministry of Finance, on July 8, the country strengthened its foreign exchange monitoring system to address volatility during overnight trading.

Japan's 10-year government bond yield rose 1.5 basis points to 2.855% on July 7, reaching its highest level since October 1996.

Japan's seasonally adjusted current account balance fell to 306.45 billion yen in May, falling short of the 329.37 billion yen forecast and declining from the previous month's 421.11 billion yen.

Japan's seasonally adjusted bank lending rate, excluding trusts, remained at 6.3% year-on-year in June, unchanged from the prior month.

Japan's May current account came in at 39.683 trillion yen, falling short of the 41.213 trillion yen forecast. The figure marked a slight increase from the previous month's 39.078 trillion yen.

Japan's seasonally adjusted bank lending rate remained unchanged at 5.7% year-on-year in June, matching the prior month's reading.

The USD-KRW exchange rate fell sharply to 1,515.80 won as of 6 AM on the 8th, down 14.50 won from the prior trading day close of 1,530.30 won on the 6th, marking the first time the rate dropped below the 1,510 won level since June 18. The decline was driven by yen strength, concerns over dollar