DXY & Forex

According to market data, Japan's 10-year government bond yield surged to 2.83% yesterday (July 6), marking its highest level since October 1996 as the government announced plans for 10 trillion yen in annual fiscal expansion starting next year. The so-called "Honebuto" stimulus package, which

The Philippine Statistics Authority reported on Tuesday, July 7, that inflation in the Philippines eased to 6.4% in June, down from 6.8% in May, marking the second consecutive month of decline. Lower prices of fuel and some food items, including rice and meat, drove the slowdown. Despite the

According to Philippine Statistics Authority (reported July 7), inflation in the Philippines eased to 6.4% in June 2026, down from 6.8% in May. The decline was driven by lower fuel prices and cheaper food items such as rice and meat. However, inflation remained well above the government's target

Hong Kong Chief Executive John Lee announced on July 7 that the Hong Kong Stock Exchange and the People's Bank of China will sign a memorandum of understanding on cross-border RMB payment and clearing cooperation.

Seoul bond markets are set to digest Samsung Electronics' second-quarter earnings results, according to a July 7 market preview by Yonhap Infomax. Samsung Electronics reported operating profit of 89.4 trillion won for the second quarter, slightly exceeding the mid-80 trillion won consensus. The

South Korea's KOSPI index opened at 7919.20 on July 7 morning, down 132.13 points (1.64%). The decline broke the 8000 level despite Samsung Electronics announcing Q2 operating profit of 89.4 trillion won exceeding market expectations. Foreign investors

BMO diagnosed that financial markets have exited the so-called 'Goldilocks' phase based on low inflation and solid growth, entering a new investment environment driven by high interest rates, persistent inflation pressures, and tight liquidity conditions. Mark McCormick, BMO's head of foreign

South Korea's government shifted its fiscal policy terminology from 'excess tax revenue' to 'additional tax revenue,' signaling a strategic reallocation of corporate tax windfalls from the semiconductor boom toward growth investments rather than debt reduction, according to a report published

Hanwha Investment & Securities analyst Choi Gyu-ho forecasts the USD-KRW exchange rate will decline in H2, ranging between 1,430-1,550 won. This outlook reflects the passing peak of external negative factors that pressured the currency pair higher in the first half, including the US-Iran war,

According to Yonhapinfomax, on July 7 morning (Asia time), E-mini S&P 500 futures fell 0.07% to 7,586.50, while E-mini Nasdaq 100 futures declined 0.23% to 29,871.50, reversing overnight gains despite semiconductor strength. U.S. equities had closed higher overnight, with the Dow Jones Industrial

According to CFETS-NEX data reported by Jin10, the Chinese interbank funding sentiment index reported 47 as of 8:45 a.m. on July 7, unchanged from the previous day's 4 p.m. close. The sentiment indices for large banks, mid-to-small banks, and non-bank institutions were 46, 49, and 46 respectively, a

The Korean won depreciated against all ten G10 currencies over the past year from July 7, 2023 to July 6, 2024, according to Yonhap Infomax cross exchange rate data released on July 7, 2024. The won weakened faster than the Japanese yen, which fell to its lowest level in 40 years. The depreciation w

South Korean savings banks raised 12-month deposit rates to an average of 3.90% as of the 7th, up 0.55 percentage points in one month, with some institutions breaking the 4.6% threshold. The rate surge follows rapid deposit outflows to the stock market, forcing banks to defend liquidity amid a

According to Yonhapinfomax, the Korean won depreciated against all G10 currencies over the past year through July 6, 2026, with the Australian dollar exchange rate rising 19.9%, the highest among major currencies. The dollar-won rate climbed 11.9%, followed by the Norwegian krone at 15.9%, Swiss

According to the Central Association of Savings Banks of Korea, the average 12-month deposit rate across 79 savings banks reached 3.90% on July 7, up 55 basis points from last month. Over 152 deposit products now offer rates above 4%, with some institutions pushing beyond 4.6%. The rate gap with

The USD-KRW 1-month NDF rose in overnight trading, with overseas brokers reporting a final mid-rate of 1,527.60 won last night. Accounting for the recent 1-month swap point of -1.30 won, the NDF rate reflects a 3.30 won increase compared to the Seoul FX market spot close of 1,525.60 won on the

According to overseas brokers, on July 7, the one-month USD-KRW NDF in New York rose to 1,527.60 (mid-price), up 3.30 won compared to Seoul's spot close on July 3. The bid was quoted at 1,527.40 won and the ask at 1,527.80 won. The U.S. dollar weakened against a stronger euro, driven by hawkish

The South Korean government has initiated coordination with SK Hynix to manage approximately $30 billion in foreign currency inflows ahead of the company's American Depositary Receipt (ADR) listing on the 10th. The coordination involves distributing currency exchange over 20 to 30 business days at a

Korea East-West Power and KT each completed $500 million dollar bond issuances on the previous day, marking continued Korean Paper activity amid a more cautious investor environment. The slowdown follows rising US interest rate hike concerns and skepticism surrounding artificial intelligence

According to investment banking industry sources, South Korea's Korea East-West Power and KT each raised $500 million in dollar bonds on July 6. East-West Power issued 5.5-year fixed-rate bonds at a spread of 58 basis points over comparable U.S. Treasury yields, tightening 32bp from initial