DXY & Forex

According to Robin Brooks, a senior fellow at the Brookings Institution and former Goldman Sachs FX strategist, on July 5, crude oil prices have returned to pre-Middle East war levels, with the Strait of Hormuz seeing rapid normalization in crude shipments. Brooks noted that Saudi Arabia and the

According to the China Foreign Exchange Trade System (CFETS), China's yuan exchange rate index rose 0.06 week-on-week to 102.65 on July 3.

According to Goldman Sachs, the bank raised its 12-month US dollar to Japanese yen forecast to 165 from 155, citing persistent upward pressure on the dollar absent a sharp US economic slowdown or more aggressive Bank of Japan tightening. The bank also lowered its 12-month euro to dollar forecast to

According to Seoul FX Market, on July 6, major foreign exchange brokers in Seoul deployed night shift personnel as the market transitioned to 24-hour Monday-through-Friday trading. Seoul Foreign Exchange Brokerage expanded operations with newly hired staff, implementing rotating shift schedules

According to Seoul Foreign Exchange Market, on July 6, Korean financial institutions began 24-hour uninterrupted won-dollar foreign exchange trading, with exceptions only on weekends and January 1. To cover the previously closed 2 a.m. to 9 a.m. Seoul time slot, major banks increased staffing in

According to market data cited by Odaily, the Federal Reserve is expected to keep rates unchanged in July with a 77% probability, with a 23% probability of a 25 basis point increase. Looking ahead to September, market pricing shows a 41.9% probability of holding rates steady, 47.6% probability of a

KOSPI swung 17.47% between 7378.10 and 8667.73 during June 29–July 3, driven by semiconductor selloff amid AI peak-out concerns. Global semiconductor correction and Apple memory price hike consumption fears triggered concentrated selling in large-cap chip stocks. Foreign investors dumped 19.43

China's central bank has 678.5 billion yuan in reverse repos maturing this week through Friday, with daily maturities of 157.5 billion yuan on Monday, 69.5 billion yuan on Tuesday, 100 billion yuan on Wednesday, 288.5 billion yuan on Thursday, and 63 billion yuan on Friday. Additionally, 800 billio

South Korea's Deputy Prime Minister and Minister of Finance and Economy Koo Yun-chul stated on the 6th that the launch of the 24-hour forex market is core infrastructure for achieving advanced-market accessibility and a starting point for the won's global leap. Koo made these remarks during a

According to ANZ chief economist Sharon Zollner, the Reserve Bank of New Zealand is likely to raise interest rates on Wednesday despite recent inflation pressures easing. While falling oil prices have reduced urgency, Zollner expects a rate hike from a risk management perspective, noting that

According to Westpac, the Reserve Bank of New Zealand is expected to hold the Official Cash Rate unchanged at 2.25% at its policy meeting on Wednesday (July 8). Westpac noted that oil prices have fallen faster than anticipated over the past six weeks, easing inflation pressures and giving the

The USD-KRW exchange rate opened slightly higher at 1,527.60 won on July 6, up 2.00 won from the previous session, during South Korea's first 24-hour foreign exchange trading session. As of 6:11 AM, the rate stood at 1,527.70 won, reflecting bargain buying sentiment after a decline of more than 25 w

According to Yonhapinfomax, the USD-KRW exchange rate rose to 1,527.70 won on July 6, up 2.10 won from the previous close. The opening price was set at 1,527.60 won, reflecting a rebound as buyers capitalized on last week's sharp 25-won decline. The currency pair has stabilized as the market

Foreign investors sold 57.5 trillion won of Korean stocks in June, up from 48.9 trillion won in May, according to the Korea Financial Investment Association. The USD-KRW exchange rate has remained above 1,500 for over a month, reaching its highest level in 17 years since the global financial

According to Yonhap Infomax, last week (June 29–July 3), 29 South Korean securities firms issued corporate papers and short-term bonds totaling 25.3093 trillion won. Korea Investment Securities led with 7.754 trillion won issued, followed by Mirae Asset Securities at 4.19 trillion won and Hana Secur

The European Central Bank and the Bank of Japan raised interest rates in June, breaking with the traditional central bank practice of ignoring geopolitical supply shocks, as war-driven energy price pressures intensified. The ECB raised its key rate by 0.25 percentage points in June, marking its

According to Guru Club, global markets posted solid gains last week with European Stoxx 50 up 0.9% to record highs, while commodities surged—spot gold gained 2.13% and silver jumped 5.42%, as the U.S. dollar index fell 0.51% on cooling rate-hike expectations. Conversely, oil prices declined, with

According to Jin10 Data, the Korean won strengthened slightly against the U.S. dollar on July 6, its first day of around-the-clock trading. The government's implementation of 24-hour trading represents a key effort to improve market access for foreign investors and support the country's bid for

According to CME FedWatch, as of July 6, the Federal Reserve has a 77% probability of keeping rates unchanged in July and a 23% probability of raising rates by 25 basis points. Looking ahead to September, the Fed faces a 41.9% probability of maintaining rates, a 47.6% probability of cumulative 25 b

South Korea's Financial Supervisory Service (FSS) announced 6 key caution points for bond investors on the 6th day, responding to ongoing dispute complaints from investors who suffered losses after purchasing bonds marketed as low-risk products. The regulator highlighted that even government bonds c