Global FX DATA:

• • • ASIAN MARKET
      
      Asian equities extended their gains in afternoon trade on Tuesday as China's April trade data beat estimates.
       
    • GOLD
      
      Gold prices remained subdued on Tuesday as the dollar held steady near its 2018 high on the relative strength of the U.S. economy.
       
  • • OIL
      
      Oil prices retreated from 3-1/2 year highs on Tuesday as investors waited on an announcement by President Donald Trump on whether the United States will reimpose sanctions on Iran.
       
    • INDIA
      
      Walmart is likely to announce its much-anticipated deal to buy a controlling stake in Indian e-commerce player Flipkart before the end of this week, two sources said, in what is likely to be the U.S. retail giant’s biggest acquisition of a business.
       
    • DOLLAR
      
      The dollar hovered near a four-month high on Tuesday, continuing to draw support from higher Treasury yields and upbeat prospects for the U.S. economy, leaving its major rivals such as the euro struggling and others including the Argentine peso down sharply.
       
    • CRYPTO CURRENCY
      
      Cryptocurrencies’ prices fell on Tuesday following criticism from Berkshire Hathaway CEO Warren Buffett and co founder of Microsoft Bill Gates on Monday.

    • KABUL
      
      Japan and North Korea should begin talks to normalise relations between the two countries and contribute to peace and stability in the region, South Korean President Moon Jae-in told a Japanese newspaper on Tuesday.

    • NEW YORK
      
      New York state Attorney General Eric Schneiderman resigned on Monday after allegations of physical abuse by four women were reported in an article in the New Yorker magazine.

    • NEW ZEALAND
      
      New Zealand’s central bank is all but certain to keep rates on hold this week and signal no imminent tightening at a policy meeting that will be closely watched as the first with both a new governor and an employment goal mandate.

    • CHINA
      
      China’s exports rebounded more strongly than expected in April after a surprise drop the previous month, suggesting global demand remains relatively resilient and providing a cushion to the economy amid a heated trade dispute with the United States.

    • RUSSIA
      
      Two pilots were killed when a Russian military Ka-52 helicopter crashed in eastern Syria, news agencies reported on Monday citing Russia’s defence ministry.

    • AUSTRALIA
      
      Hundreds of asylum-seekers held in Australian-run detention centres in the Pacific are likely to remain there indefinitely as no other country is willing to resettle them, Minister for Home Affairs Peter Dutton said on Monday.