Asian Currencies Slip as Dollar Gains Safe-Haven Strength Amid U.S.-Iran Tensions 
Asian Stocks Rise as Tech Gains Offset US-Iran Tensions, Oil Prices Add Pressure 
Global Energy Crisis: Iran Conflict Triggers Record Oil Supply Shock 
South Korea Economy Rebounds on Semiconductor Export Surge Amid Middle East Risks 
Rising U.S.-Iran Conflict Fuels Oil Market Volatility and Ceasefire Uncertainty 
Asian Currencies Stay Range-Bound as Dollar Holds Steady Ahead of Fed Nominee Hearing 
Rising Jet Fuel Costs from Iran Conflict Push Airfare Higher Across Europe 
U.S. Stock Futures Fall as Iran Tensions Rise, Oil Prices Surge 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
UK Wage Growth Slows to 3.6% as Inflation Pressures Complicate Bank of England Outlook 
The Chinese yuan is facing continued depreciation pressure amid country’s economic slowdown, but is expected to range trade prior to the Summit and to rally moderately before long as the world’s two largest economies will likely reach a framework agreement, according to the latest research report from Scotiabank.
Chinese regulators are increasingly concerned about intensified downward pressure on the nation’s economy. Falling Baltic Dry Index, official manufacturing PMI and PPI inflation suggest China’s economy losing steam.
In addition, China’s outstanding total social financing (TSF) and M2 money supply increased at a slower pace in October, casting a shadow on the country’s growth outlook.
The US stock rout will raise the chance to deescalate US-China trade tensions at the upcoming Trump-Xi Summit set for December 1, although the USTR Office on Tuesday released a detailed 53-page report that accused China of continuing a state-backed campaign of intellectual property and technology theft, the report added.
Top White House economic adviser Larry Kudlow said in an interview with Fox Business Network Tuesday that President Donald Trump is trying to "inject a note of optimism" into trade talks with China ahead of the planned meeting with Chinese President Xi Jinping.
Meanwhile, Kudlow added that Trump "believes that China would like to have a deal" and "very detailed communications" are taking place at all levels of government.
"Separately, it would boost high-yielding and high-beta currencies in the region should the Fed ease rate hikes in the year of 2019. We are awaiting the December "dot plot" that could provide us good clues to the Fed’s rate tightening path," Scotiabank commented.
