DXY & Forex

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

According to Yonhap Infomax, the USD-KRW exchange rate fell to 1,515.80 won as of 6 a.m. on July 8, down 14.50 won from the previous day's Seoul market close of 1,530.30 won. This marks the first dip below the 1,510 won level since June 18. Tensions over the Strait of Hormuz intensified after a

Japan's May trade balance data is set to be released in 10 minutes.

According to Yonhap Infomax, South Korea's government bond futures declined overnight on July 8 amid escalating geopolitical tensions in the Strait of Hormuz. The 10-year contract fell 28 basis points to close at 105.92, while the 3-year contract dropped 8 basis points to 103.02. Tanker attacks in

South Korea's current account surplus reached 386.1 billion dollars in May, according to the latest data release. The country's April current account was revised downward to 282.9 billion dollars from the previously reported 282.923 billion dollars.

According to BMO Chief FX Strategist Mark McCormick, the so-called "Goldilocks" market environment has ended this week, transitioning into a new policy order characterized by rising rates, persistent inflation, and tighter liquidity. McCormick noted in a client report that markets are now driven by

According to CME FedWatch, as of July 8, the probability of the Federal Reserve holding interest rates steady at its July meeting is 73.3%. For the September meeting, there is a 32.4% probability of no rate change and a 52.7% probability of a cumulative 25 basis points rate

The US dollar rose against major currencies on the 7th as renewed vessel attacks in the Strait of Hormuz and US sanctions on Iranian oil drove crude prices higher. The dollar index (DXY) climbed 0.190% to 101.056 at 4pm ET, while Brent crude September delivery surged 3.01% to close at $74.16 per

According to Yonhap InfoMax, on July 7, the US Dollar Index rose to 101.056, up 0.190% (0.192 points), as geopolitical tensions in the Strait of Hormuz intensified. The British maritime authority UKMTO reported that three tankers, including a product tanker and vessels from Qatar and Saudi Arabia, c

According to Asahi Shimbun, Japan is considering adjusting monetary policy-related language in its economic policy framework, known as the "bone thick method" (Kotai Houshin).

According to Shanghai Securities News, DR007 has recently returned below the 7-day reverse repo policy rate, signaling easing in the previously tight liquidity conditions. Market participants expect the period of elevated money market tightness to have passed, supported by the central bank's

SK Hynix will commence trading of its American Depositary Receipts (ADR) on Nasdaq on May 10, with subscription and payment scheduled for May 14 and new depositary receipt shares listing on May 29. The total issuance amounts to approximately 43.14 trillion won, with up to 17.79 million new shares re