Global FX DATA:

      • ASIAN MARKET

        Asian stock markets fell on Friday amid heightened global trade tensions, while currency markets were whipsawed by a searing selloff in Russia's rouble after the United States slapped new sanctions, and as economic worries sent the Turkish lira tumbling.

      • GOLD

        Gold prices held broadly steady in Asia on Friday after dipping the session before, drawing little support from global political tensions and turbulence in currency markets.
         
      • OIL

        Oil prices on Friday edged up on worries that reimposed U.S. sanctions against Iran would tighten supplies, although the escalating trade dispute between Washington and Beijing held markets back from further gains.
               
      • DOLLAR

        The dollar stood tall on Friday, hovering just short of a 13-month high against a basket of peers as European currencies such as the pound and euro continued to lose traction.

         
      • TAIWAN

        Mobile chipmaker Qualcomm Inc will settle an anti-trust case with Taiwanese regulators for about $93 million, and has also pledged to invest $700 million in Taiwan over the next five years.
      • AUSTRALIA

        Australia’s central bank sees strong economic growth this year and next but still doubts inflation will reach the mid-point of its target band even in 2020, a recipe for steady rates for some time yet.

      • CRYPTOCURRENCY

        Cryptocurrency prices were mixed on Friday after losing 10% of market cap this week following U.S. SEC’s announcement to postpone a crypto ETF decision. Meanwhile, a report on Thursday suggested 41% of Americans are not interested in investing in Bitcoin.

      • US
         

        The federal judge in the trial of U.S. President Donald Trump’s former campaign chairman Paul Manafort expressed contrition on Thursday to jurors after berating prosecutors for allowing a witness to watch the proceedings, despite having given his earlier approval.
      • JAPAN

        Japan’s economy grew more than expected in the second quarter, helped by strong household and business spending and recovering from a contraction earlier this year, but global trade tensions loom as major risks to the export and investment outlook.

      • CHINA

        China’s decision to remove crude oil from its latest tariff list in an escalating trade war with the United States was a relief to state oil firms prompted by a strong lobbying effort by main importer the Sinopec Group.

      • INDONESIA

        Indonesian President Joko “Jokowi” Widodo has formally registered as a candidate in 2019 elections and has chosen a conservative Islamic cleric as his running mate.

      • PAKISTAN

        A presiding officer of a polling station in Pakistan’s Balochistan province has claimed he was abducted by security forces and forced to submit fabricated votes in favour of a candidate of religious coalition Mutthaida Majlis Amal (MMA).

      • INDIA

        India’s battered rupee will trade in a tight range in the coming year but not far from its historic low, hampered by higher oil prices and as trade tensions hurt emerging markets.