Global FX DATA:

• • • ASIAN MARKET

      Asian shares hit 17-month lows on Tuesday as China allowed its currency to slip past a psychological bulwark amid sharp losses in domestic share markets, a shift that pressured other emerging currencies to depreciate to stay competitive.
       
    • GOLD
      
      
      Gold prices edged higher on Tuesday, drawing some safe-haven bids from risk-averse investors as Asian stocks fell amid worries over a potential slowdown in China’s economic growth.
       
  • • OIL
      
      Oil prices rose on Tuesday as more evidence emerged that crude exports from Iran, OPEC’s third-largest producer, are declining in the run-up to the re-imposition of U.S. sanctions and as a hurricane moved across the Gulf of Mexico.
       
    • DOLLAR
      
      The dollar slipped against the safe-haven yen in Asia on Tuesday on simmering anxiety about higher U.S. bond yields, the Sino-U.S. trade war and political turmoil in Europe.

    • CRYPTOCURRENCY
       

      There has been a little upward movement on crypto markets on tuesday. Bitcoin has moved above $6,600 but has made less gain and is currently trading at $6,650. Ethereum markets has added 1.5% today to reach $229 again.
       
    • IRELAND
      
      
      Ireland’s finance minister is set to boost his budget package by raising extra revenue for the second year in a row, amid warnings from the state’s fiscal watchdog that the booming economy does not need such additional stimulus.
       
    • INDIA
      
      Indian aluminium makers including Hindalco Industries and Vedanta Ltd are boosting sales to Japan as U.S. sanctions against Russia’s Rusal and import tariffs shake up traditional supply routes.
       
    • INDONESIA
      
      International Monetary Fund Chief economist Maurice Obstfeld said that he was not concerned about the Chinese government’s ability to defend its currency despite the recent depreciation of the yuan.
       
    • BRAZIL
      
      Brazil’s leading presidential candidate Jair Bolsonaro said in an interview aired on Globo TV that he posed no danger of a coup and that he was seeking office by the ballot only, working to allay fears about his past praise of military dictatorships.
       
    • UK
      
      The costs and operating expenditure needed to produce oil and gas in the British North Sea are set to rise both in overall and in per-barrel terms this year compared with 2017.

    • US
       

      U.S. President Donald Trump will seek to lift a federal ban on summer sales of higher-ethanol blends of gasoline, a senior White House official said, delivering on a move long-sought by anxious Midwest farmers ahead of November’s elections.

    • CHINA
       

      China must take strong stimulus measures to support growth, with the country in a “critical” period of stabilizing its economy.

    • AUSTRALIA
      
      Commonwealth Bank of Australia launched a number of initiatives to improve its wealth management business, which has come under fire in a high profile-inquiry on the financial sector.

    • TURKEY
      
      Turkey appointed former economy minister Nihat Zeybekci, banking watchdog chief Mehmet Ali Akben and presidential advisers Yigit Bulut and Cemil Ertem to its new presidential economic policies committee.
       

    • MALAYSIA
      
      
      Malaysia may introduce new taxes and sell assets such as land to pay down debt, as Prime Minister's administration struggles with liabilities of around 1 trillion ringgit ($240.67 billion).