Asian Currencies Hold Steady as Fed Outlook Offsets Middle East Tensions 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Trump Set to Unveil New Tariffs on Dozens of Countries as Global 10% Duty Nears Expiration 
Deutsche Bank Says Fed Balance Sheet Cuts Could Weaken US Dollar Instead of Boosting It 
Asian Stocks Rise as Oil Retreats on Iran Ceasefire Hopes Ahead of Key AI Earnings 
The South Korean won is expected to weaken further versus the Japanese yen amid escalating external uncertainties including the U.S.-China trade tensions and Turkish political turmoil, according to the latest research report from Scotiabank.
The KRW will continue running an increasingly tight correlation with the CNH, while remaining susceptible to the Fed’s monetary policy stance, ongoing US-China trade war and geopolitical situation on the Korean Peninsula.
Additionally, the Bank of Korea (BoK) is expected to policy rate on August 31 to protect the nation’s financial stability as some members of the central bank have stressed the need to adjust accommodation according to the minutes of the July 12 policy meeting.
"In the medium term, we believe it would boost risk appetite should US-China trade tensions ease, particularly if taking account of China’s pro-growth policies that could lead to a rebound in the nation’s official manufacturing PMI and 10-year sovereign bond yield," the report commented.
