Since South Korea launched 24-hour foreign exchange trading, the average daily trading volume has increased by more than 10%.

Gelong Hui, August 14 | South Korea’s Ministry of Economy and Finance stated on Friday that the average daily spot trading volume in the foreign exchange market has increased by more than 10% since the launch of round-the-clock FX trading last month. The Ministry noted, “Since the 24-hour foreign exchange trading system was launched on July 6, market infrastructure has operated smoothly without any incidents, and the won-to-U.S. dollar exchange rate has remained stable compared to major currencies.” According to South Korean government statistics, the average daily spot trading volume in the FX market was $17.39 billion in the first half of this year; following the introduction of the 24-hour trading system, it rose by 10.1% to $19.14 billion. Attendees pointed out that as the system is still in its

Gelonghui FinanceAug 14 11:24

Divergence Among Fed Officials Emerges: Barkin Supports Holding Steady, Hammack Insists on Rate Hike

Richmond Fed President Thomas Barkin supports holding interest rates steady, arguing that inflation stems primarily from temporary shocks, but warns that AI investment and supply chain dynamics could exert persistent price pressures. Cleveland Fed President Loretta Mester, meanwhile, reaffirmed her stance in favor of rate hikes, cautioning against financial stability risks such as U.S. Treasury leverage and an AI bubble. With unemployment remaining low and economic data presenting a mixed picture, the Federal Reserve’s policy path for its September meeting is fraught with uncertainty.

wallstreetcnAug 13 21:30

U.S. core inflation in July matched its lowest level in over five years, temporarily easing the Federal Reserve's rate-hike alarm. However, are oil price volatility and wage declines brewing the next storm?

Notably, wage data released during the same period indicates that workers' real purchasing power continues to decline. Coupled with recurring geopolitical tensions in the Middle East driving up energy prices, the outlook for U.S. inflation remains highly uncertain.

Zhitong FinanceAug 12 22:07

Fully in line with expectations! The year-on-year increase in the U.S. CPI for July narrowed to 3.4%, while core CPI slowed to 2.5% year-on-year.

Traders maintain their bet on a 45% probability of a Federal Reserve rate hike in September.

wallstreetcnAug 12 20:56

Asian Currencies Consolidate Ahead of U.S. CPI Data -- Market Talk

0128 GMT - Asian currencies consolidate against the dollar. Markets are keeping an eye on upcoming U.S. CPI data, which will provide further hints about the Federal Reserve's interest rate decision

WSJAug 12 09:28

A 50-50 bet on a rate hike: Tonight at 20:30, CPI data may determine whether the Fed 'pulls the trigger' in September or continues to hold off

Traders are currently pricing in a roughly 50% probability of a rate hike in September. This means tonight’s CPI data could directly tip the balance. If the data aligns with expectations, the Federal Reserve may remain on hold; if it exceeds expectations, it could open the door to a series of consecutive rate hikes.

Golden10 DataAug 12 09:15