Global FX DATA:

• • • ASIAN MARKET
      
      Asian share regained some ground on Tuesday after U.S. President Donald Trump faced growing pressure from political allies to pull back from proposed steel and aluminium tariffs, easing investor worries about an imminent trade war.
       
    • GOLD
      
       Gold prices continued to gain momentum as U.S. President Donald Trump’s announcement regarding tariffs on imported steel and aluminum sparked a sell-off in equities and the dollar.
       
  • • OIL
      
      Oil prices extended gains on Tuesday for a third straight day, underpinned by robust demand forecasts and prospects for informal contacts sought by OPEC with U.S. shale oil producers at a key industry meeting in Houston this week.
       
    • INDIA
      
      A hike in India’s import tax on palm oil could dent overseas purchases by the world’s biggest edible oil importer, while making imports of soyoil and sunflower oil lucrative for the country’s refiners.
       
    • DOLLAR
      
       The dollar edged higher versus the yen on Tuesday, supported by receding fears about a trade war stemming from U.S. President Donald Trump's proposed tariffs on imported steel and aluminum.
       
    • ISRAEL
      
      Israeli Prime Minister Benjamin Netanyahu said on Monday that Saudi Arabia had granted Air India permission to fly over its territory on its new routes to and from Tel Aviv.
       
    • JAPAN
      
      Japan on Tuesday stuck to its a low-key approach to threatened U.S. tariffs on steel and aluminum, reflecting a desire to keep trade fights from hurting security ties as well as lessons learned about how to deal with President Donald Trump.

    • NORTH KOREA
      
      North Korean leader Kim Jong Un met senior South Korean government officials for the first time and said it is his “firm will to vigorously advance” inter-Korean ties and pursue reunification

    • US
      
      U.S. President Donald Trump faced growing pressure on Monday from political and diplomatic allies as well as U.S. companies urging him to pull back from proposed steel and aluminum tariffs, although he said he would stick to his guns.

    • SOUTH KOREA
      
      A South Korean delegation had a first-ever meeting with North Korean leader Kim Jong Un on Monday and they hoped to encourage Pyongyang and the United States to talk.
       

    • CHILE
      
      Chile’s outgoing President Michelle Bachelet said on Monday that she would send Congress legislation to replace the country’s dictator-era constitution with one to guarantee equal pay for men and women and the right to strike for workers.