Global FX DATA:

• • • ASIAN MARKET
      
      Asian shares fell on Wednesday as a rise in U.S. bond yields to 3 percent and warnings from bellwether U.S. companies of higher costs drove fears that corporate earnings growth may peak soon.
       
    • GOLD
      
      Gold prices fell on Wednesday as the dollar advanced towards more than three-month highs and on easing concerns over North Korea and a Sino-U.S. trade war, but found some support from sliding stock markets.
       
  • • OIL
      
      Oil prices on Wednesday fell back from more than three-year highs reached the previous session as rising U.S. fuel inventories and production weighed on an otherwise bullish market.
       
    • INDIA
      
      India’s economy could grow at 7.4 percent in the fiscal year to March 2019 after a “resilient performance” in the second half of the previous year, Reserve Bank of India (RBI) Governor Urjit Patel said.
       
    • DOLLAR
      
      The dollar inched up on Wednesday, approaching its recent four-month high as the U.S. 10-year bond yield poked above 3 percent to hit its highest level since early 2014.
       
    • CRYPTO CURRENCY
      
      Cryptocurrencies continued to rebound, while reports that South Korean-based crypto exchange Bithumn is considering to issue its own digital coins in Singapore garnered some attention.
       
    • MEXICO
      
       Mexico’s Senate on Tuesday voted to ratify a Asia-Pacific trade agreement, making it the first of 11 signatory countries to back the arduously negotiated framework that was rejected by the United States.

    • CHINA
      
      China has introduced new temporary rules governing tri-party “pledge-style” bond repurchase agreements in a move to further develop the country’s bond market and manage risk.

    • COMBODIA
      
       A Cambodian journalist charged with “incitement to commit a felony” over his election coverage said on Tuesday he had fled the country fearing arrest and had been given refugee asylum status by the U.N. refugee agency.

    • BEIJING
      
      Police in the north China city of Tianjin confiscated 600 computers used to mine bitcoin cryptocurrency after the local power grid operator reported abnormal electricity usage, Xinhua reported Wednesday.

    • SOUTH KOREA
      
      South Korea’s finance minister said on Wednesday the government is closely watching currency markets as the won and other emerging currencies are weakening against the U.S. dollar.

    • NORTH KOREA
      
      As North and South Korea gear up for their first summit in over a decade this Friday, many South Koreans have lowered their expectations since previous summits, hoping for peace rather than any swift reunification.

    • PHILLIPINES
      
      The Philippines has ordered an Australian Catholic nun to leave the country in 30 days after the immigration bureau revoked her missionary visa for joining protest rallies, an immigration official said on Wednesday.
       

    • UK
      
       Britain’s financial firms need to pull together to fight cyber crime, working with government and law enforcement to attack criminals’ infrastructure and put them out of business.