Against Dollar

• The South Korean won has depreciated by nearly 6% against the US dollar so far this year, according to data released by the central bank on Sunday. • This decline is driven by a massive sell-off by foreign investors, who offloaded more than 156 trillion won (approximately $102.3 billion) in domestic stocks. • The trend highlights significant capital flight and growing volatility in the Korean financial markets relative to the US dollar.

• The South Korean won has depreciated by nearly 6% against the US dollar so far this year, according to central bank data released on Sunday, July 5. • This decline is driven by significant capital outflows, with foreign investors selling off more than 156 trillion won in assets. • The currency drop reflects broader economic volatility and shifting investor sentiment, potentially impacting South Korea's import costs and inflation rates.

• The Korean won has depreciated nearly 6% against the U.S. dollar in 2026, marking one of the weakest performances among major global currencies. • This decline is primarily driven by foreign investors offloading more than 156 trillion won worth of domestic stocks. • The trend highlights significant capital flight and growing instability in the South Korean equity market.

• The South Korean won has declined nearly 6% against the US dollar so far this year, according to recent central bank data. • This depreciation is driven by foreign investors selling off more than 156 trillion won (approximately $102.3 billion) in domestic stocks. • The trend highlights growing economic volatility and a shift in investor confidence away from South Korean equity markets.

• Global stock markets in Asia and Europe rose on Tuesday, following a positive trend from Wall Street. • Key indices saw gains including Germany's DAX (+0.8%), Britain's FTSE 100 (+0.4%), and a slight increase in Paris's CAC 40. • The Japanese yen hit a critical milestone, trading near a 40-year low against the U.S. dollar.

• ING analyst Francesco Pesole expects the European Central Bank (ECB) to maintain a hawkish tone during the upcoming Sintra forum. • ECB President Christine Lagarde is unlikely to signal a dovish shift in policy before the release of June Consumer Price Index (CPI) data. • This stance is providing support for the Euro's gains against the US Dollar as markets look for policy direction.

• The EUR/USD pair is trading slightly higher on Friday, though the Euro remains on track for its second consecutive weekly loss. • The US Dollar's decline is being limited by a combination of geopolitical instability in the Middle East and a hawkish outlook from the Federal Reserve. • This trend highlights the market's current sensitivity to safe-haven assets and expectations regarding US interest rate trajectories.

• The British Pound fell to 1.32 against the US Dollar, marking a 1.65% decline over five days following the resignation of Prime Minister Keir Starmer. • Starmer's departure follows intensifying internal dissent and policy reversals, exacerbated by Andy Burnham's recent parliamentary seat win, which may trigger a formal leadership challenge. • This political turmoil, combined with a strengthening US Dollar, has significantly pressured the GBP and shaken public confidence in the government.

• The U.S. dollar fell slightly to 159.70 Japanese yen from 159.88 yen, while the euro rose to $1.1478 from $1.1453 in early Thursday trading. • Currency moves followed Wall Street's slump, with Dow dropping 1.6% to 46,225.15, amid steady Fed rates and oil-driven inflation concerns. • A stronger dollar, combined with higher U.S. yields and oil prices over $111, pressured Asian assets and currencies significantly.

Sergey Brin gives $25m on top of $20m he’s already given to Super Pac trying to blocking state’s proposed 5% wealth taxA Google founder has more than doubled his financial contribution to the fight against a proposed wealth tax in California. New filings with the state show that former Alphabet president Sergey Brin donated $25m to a Super Pac dedicated to blocking the tax on top of $20m he had already given.Brin is not alone among Google’s top brass in upping his financial stake in the campaign against the ballot proposal. The company’s former CEO Eric Schmidt donated $1.02m, adding to a previous $2m contribution. Continue reading...