Global FX DATA:

• • • ASIAN MARKET
      
      Global bond markets were tense on Tuesday amid talk of central bank tightening and the risk of a robust reading on U.S. economic growth later in the week, though stellar results from internet giant Alphabet supported tech stocks in Asia.
       
    • GOLD
      
      Gold prices edged down on Tuesday on a firmer dollar and a rise in U.S. Treasury yields and as investors’ reaction to the dispute between the United States and Iran remained muted.
       
  • • OIL
      
       Oil prices extended declines into a second session on Tuesday as attention shifted to the risk of oversupply, with market participants shrugging off escalating tensions between the United States and Iran.
                                                     
    • INDIA
      
      Indian shares rose, lifted by consumer stocks such as index heavyweight ITC Ltd, after the Goods and Services Tax (GST) Council cut tax rates on scores of items while keeping the cess on cigarettes unchanged during its weekend meeting.                                                                    
    • DOLLAR
      
      The dollar weakened slightly in early trade on Tuesday, as Japanese exporters bought the yen, offsetting earlier greenback gains made after U.S. Treasury yields rose on expectations the Federal Reserve would persist with its rate hikes this year.
       
    • CRYPTO CURRENCY
      
      Bitcoin continued its recovery on Tuesday and was nearing $8,000 as the virtual currency built on last week’s 20% rally, after hitting a two-month high over the weekend. Meanwhile, other major cryptocurrencies fell on Tuesday.

    • IRAN
      
      Iran was the second-biggest oil supplier to Indian state refiners between April and June, India’s oil minister said on Monday, replacing Saudi Arabia as companies took advantage of steeper discounts offered by Tehran.

    • CHINA
      
      Chinese bond yields and stocks rose, while the offshore yuan weakened to a 13-month low as Beijing vowed to pursue a more ‘vigorous’ fiscal policy in a fresh sign that authorities are set to further loosen monetary conditions to support growth.

    • HONDORUN
      
      A Honduran judge jailed three members of Congress, a deputy government minister and more than a dozen others while they await trial on allegations they funneled $12 million of public money into political campaigns, a judiciary spokesman said on Monday.

    • RUSSIA
      
       Russian hackers gained access to the networks of U.S. electric utilities last year, which could have allowed them to cause blackouts, according to federal government officials, who said the campaign is likely continuing.

    • JAPAN
      
       Japanese manufacturing activity expanded at the slowest pace in over 1-1/2 years in July, a preliminary private survey showed on Tuesday, in a worrying sign an intensifying global trade war is starting to put the brakes on major exporting economies.

    • US
      
      U.S. Senate and House negotiators reached agreement on Monday on a $716 billion defence policy bill, which includes provisions on tightening foreign investment scrutiny and telecommunications security in addition to authorizing military funding.
       

    • INDONESIA
      
      Indonesia hopes hosting the upcoming Asian Games will help revive the fortunes of its troubled national soccer team and act as a springboard for their qualification for the 2024 Paris Olympics.

    • SOUTH KOREA
      
      South Korea’s defence ministry said on Tuesday it plans to reduce guard posts and equipment along the demilitarised zone on its border with North Korea.