Global FX DATA:

• • • ASIAN MARKET

      Asian shares reversed early losses while the euro rebounded from six-week lows on reports Italy will cut its budget deficit at a faster pace than expected, raising hopes Rome could stave off a problematic debt blow-out.
       
    • GOLD
      
      
      Gold prices edged up on Wednesday after gaining over 1 percent in the previous session, buoyed by safe-haven demand as Italy's budget plan sets it on course for a potential clash with the European Union.
       
  • • OIL
      
      Oil prices dipped on Wednesday, weighed down by a report of rising U.S. crude inventories and an expected increase in production.
       
    • DOLLAR
      
      The dollar stood near a one-month high against its peers on Wednesday as concerns as political wrangling over Italy's budget plan rattled market sentiment and weighed on the euro.
       
    • MALAYSIA
      
      Malaysian authorities once again called in former Prime Minister Najib Razak and his wife, Rosmah Mansor, for questioning in an investigation into alleged graft linked to state fund 1MDB.
       
    • INDIA
      
      The Indian rupee dropped to a record low in opening deals as a sharp rise in global crude oil prices over the last two sessions weighed on sentiment for the local unit.
       
    • SOUTH KOREA
      
      Hyundai Oilbank, South Korea’s smallest refiner by capacity has signed a gasoline supply deal with Mexico’s PMI Comercio Internacional to diversify its markets.
       
    • AUSTRALIA
      
      Australia had its driest September on record last month, and though spring rains are forecast this week across parts of the continent’s east that has seen the worst drought in years, the season is predicted to offer little relief from the dry weather.
       
    • CANADA
      
      The chief executive of a Vancouver-based company pleaded guilty for facilitating international narcotics traffic by supplying drug cartels with encrypted communications devices.

    • US
       

      President Donald Trump made an undiplomatic remark about close ally Saudi Arabia, saying he warned Saudi Arabia’s King Salman he would not last in power “for two weeks” without the backing of the U.S. military.

    • CHINA
       

      The Trump administration is reviewing ways to clamp down on the export of U.S. technology that China’s government could use in its surveillance and internment of minority Muslims.

    • PHILIPPINE
       

      Philippine annual inflation rate likely continued to climb in September, keeping the pressure on the central bank to raise interest rates further to prevent consumer prices from spiraling out of control
      .

    • ITALY
      
      The euro pulled ahead from a six-week low after a report that Italy plans to reduce its budget deficit in the coming years provided some relief to the battered currency.
       

    • JAPAN
      
      
      Japan’s financial regulator will order Suruga Bank to stop making new loans for property investments in the aftermath of a lending scandal that has slammed the regional bank’s shares and led to the exits of its top executives.