Lawrence Lepard: The stable currency size is not enough to support the market demand for US treasury bond bonds

China purchased an additional 88 tons of gold through the over-the-counter market in May and June, bringing its total reserves to a record high of 2366 tons. （Cointelegraph）

On Monday, the exchange rate of the Korean won against the US dollar rose to 1376.5, reaching its strongest level since mid September 2025. The US dollar remains near a several month low, and the uncertainty brought by US bond repurchases and sanctions against Iran has put pressure on the market. The surge in South Korean semiconductor exports has boosted the strength of the Korean won, enabling it to withstand the pressure of rising oil prices. Christopher Wong, a foreign exchange strategist at OCBC Bank, stated that the selling of US dollars by exporters and businesses, coupled with the overall weakening of the US dollar, has provided sustained support for the Korean won.

[Goldman Sachs Research Report Indicates Strong Earnings Growth in the Asia-Pacific Market, with an Estimated 21% Upside Potential] According to Tide Research, Goldman Sachs' research report dated August 21, 2026, highlights that the MSCI Asia Pacific ex-Japan Index (MXAPJ) saw a 135% year-over-year increase in net profits for Q2, with a 52% quarter-over-quarter growth. Earnings in the information technology sector surged 390% year-over-year. Currently, the forward price-to-earnings ratio of MXAPJ stands at 11x, placing it in a deeply discounted range. Goldman Sachs has set a 12-month target price of 1,080 points, implying a 21% upside from the current level of 891 points. MSCI will adjust its index benchmarks on August 31, with total two-way capital flows in the Asia-Pacific market estimated at approximately $42 billion, which could amplify end-of-month volatility.

In the past 24 hours, the trading volume of HYPE has increased to three times the average level of the past 7 days, with a cumulative price increase of 34.7%. It is now reported at $79.64 and currently ranks fourth on the AiCoin hot search list. The significant amplification of transactions accompanied by price strength usually reflects an increase in capital participation and the dominance of long positions. At the current stage, the flow of funds, transaction structure, and the movement of large amounts of funds deserve special attention. By using AiCoin PRO's "Main Large Orders" and "Main Transactions", one can further observe the buying and selling situation of large funds, the price range of transactions, and the sustainability of funds. The above content is for reference only and should not be used as any investment advice

Commonwealth Bank forex strategist Samara Hammoud said that the US dollar index remained under pressure around 98.8 during the Asian trading session. The dominant fiscal position, the sustainability of US government debt, and the weakening of the US dollar have put pressure on the US dollar this week. US Treasury Secretary Bessent has raised market expectations for the release of the fiscal consolidation plan this week. The 2025 Department of Government Efficiency event indicates difficulties in reducing expenditures or increasing taxes; If the rectification measures are limited, the market may feel disappointed and the US dollar may weaken.