RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
The Bank of Korea (BoK) is expected to maintain its policy rate at 1.50 percent at its monetary policy meeting on Thursday as the nation’s CPI inflation will likely ease further particularly in the period of August to October. In addition, the US-China trade war could cast a shadow on future global demand, which would be a drag on the export-driven economy’s growth, according to the latest research report from Scotiabank.
Off late, the Office of the USTR said in a statement that "As a result of China’s retaliation and failure to change its practices, the President has ordered USTR to begin the process of imposing tariffs of 10 percent on an additional USD200 billion of Chinese imports."
Although the USTR also said that the United States is willing to negotiate with China, the release of the list will dampen risk sentiment and undermine EM Asian currencies. It is supportive of our short CNH/JPY cross position.
"We expect USD/KRW to range trade between 1,100 and 1,140 with upward risks in the near future, while maintaining our long EUR/KRW cross position targeting 1,360," the report added.
