Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
The USD/CNY currency pair is expected to fluctuate within a range of 6.70-6.90 over the coming months, with the USD/CNH pair trading at a premium to the former, with the central bank’s efforts managing market expectations of the yuan exchange rate, according to the latest research report from Scotiabank.
Meanwhile, if there is a positive progress in the US-China trade dispute, it will improve risk sentiment across the markets. However, if the two countries fail to reach a trade deal finally in the future, the yuan will face escalating depreciation pressure as China may seek the help of a floating exchange rate to absorb external shocks.
US-China trade war is set to intensify as US President Trump on Friday threatened new tariffs on USD267 billion of Chinese goods in addition to the prepared duties on USD200 billion of US imports from China.
"In addition, the PBoC is expected to tighten offshore CNH liquidity conditions further to defend the yuan exchange rate if necessary, which could benefit the KRW, TWD and THB as well in the meantime. We also bear in mind that an excessively strong dollar (vs. its major rivals and the yuan) is not in the Trump administration’s interest," the report also commented.
