Gold Surges Near 3-Week High as Trump-Iran Ceasefire Eases Geopolitical Tensions 
U.S.-Iran Ceasefire: Fragile Truce Raises Hopes for Strait of Hormuz Peace Deal 
Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions 
Asia FX Weekly Gains Hold Amid U.S. Inflation Data and Iran Ceasefire Uncertainty 
U.S. Futures Slip as Iran Ceasefire Uncertainty and CPI Data Weigh on Markets 
China's Inflation Data Misses Forecasts as Consumer Prices Slow in March 
Gold Prices Rise on Weaker Dollar and Ceasefire Hopes 
U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher 
The emerging market Asian currencies are expected to weaken against the greenback amid declined speculative dollar-short positions. Also, the geopolitical situation n the Korean Peninsula during US President Donald Trump’s Asia travel on November 3-14. Trump is scheduled to visit South Korea on November 7.
Resilient private wage growth and rising oil prices will boost US inflation into the year of 2018. The prices of Brent oil have topped USD 62 per barrel for the first time in more than two years on rising hopes for a renewed deal to cut supplies for another nine months through the end of 2018. In the meantime, WTI oil prices have climbed persistently.
The US Federal Reserve is expected to stay on a gradual path of future rate hikes as Jerome Powell’s nomination as the next Fed Chair after Janet Yellen’s term ends in early February next year helped to maintain the policy continuity.
Meanwhile, Powell will be more in favor of financial de-regulation compared to Janet Yellen, which could prove beneficial for US stocks, sending UST yields higher over the time.
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