Global FX DATA:

• • • ASIAN MARKET
      
       Asian stocks pulled back on Tuesday, brushing off a firmer Wall Street lead and pausing a recent rally, as investors remained cautious about key economic and political risks, while supply concerns kept crude oil prices near 3-1/2-year highs.
       
    • GOLD
      
      Gold prices inched higher on Tuesday on safe-haven buying, but upside potential for the metal was capped by a firm dollar and outlook for further interest rate hikes in the United States.
       
  • • OIL
      
      Oil prices held firm on Tuesday as ongoing production cuts by OPEC and looming U.S. sanctions against Iran tightened the market amid strong demand.
       
    • INDIA
      
      India’s annual wholesale price inflation accelerated in April, helped by higher fuel and food product prices, government data showed on Monday.Annual wholesale price inflation last month rose to 3.18 percent from a year earlier, higher than a 2.47 percent rise in March, and an increase of 2.86 percent forecast by economists in a Reuters poll.
       
    • DOLLAR
      
      The dollar inched up against a basket of currencies on Tuesday from its lowest level in more than a week as hopes for an easing of global trade tensions pushed U.S. bond yields higher.
       
    • CRYPTO CURRENCY
      
      Cryptocurrencies’ prices fell on Tuesday following criticism from Berkshire Hathaway CEO Warren Buffett and co founder of Microsoft Bill Gates .

    • KOREA
      
      North Korea and South Korea agreed on Tuesday to hold high-level inter-Korea talks on May 16 to discuss steps needed to uphold the pledge to denuclearise the Korean peninsula, South Korea’s Unification Ministry said.

    • NEW YORK
      
      A prominent leader of India’s opposition Congress party, Shashi Tharoor, on Monday rejected police charges against him for abetment in the suicide of his wife in a case that has led to political mudslinging.

    • NEW YORK
      
      The U.S. yield curve could invert later this year or early 2019, St. Louis Federal Reserve James Bullard said on Monday, in a market move in which short-term U.S. interest rates rise above longer-term bond yields, a scenario which has preceded recent U.S. recessions.

    • US
      
       The United States indirectly criticised China on Monday for shielding Myanmar from strong U.N. Security Council action over a military crackdown against mainly Rohingya Muslims that the U.S. and other countries have denounced as ethnic cleansing.

    • KABUL
      
       The provincial governor of Nangarhar has been dismissed as part of an administrative shakeup in a region of Afghanistan where security has sharply deteriorated amid allegations of widespread corruption among officials.

    • MALAYSIA
      
      The pardons board in Malaysia’s capital will meet on Wednesday to discuss the release of jailed reformist leader Anwar Ibrahim, the palace and his party have said.