Global FX DATA:

• • • ASIAN MARKET
      
      Asian equities tumbled in morning trade on Tuesday, led by losses in China as trade developments returned to focus after the Trump administration announced a list of tariffs on $200 billion in Chinese goods.
       
    • GOLD
      
      Gold prices fell on Wednesday as the dollar firmed against the yuan after the United States threatened to impose additional tariffs on Chinese goods, escalating trade tensions between the world’s two largest economies.
       
  • • OIL
      
      Oil prices fell on Wednesday, with Brent dropping by more than $1 at one point, after U.S. President Donald Trump threatened to levy new trade tariffs on China.
       
    • INDIA
      
      India and South Korea signed 11 agreements on Tuesday to expand business ties and more than double mutual trade to $50 billion by 2030, a day after the premiers of the two countries launched a Samsung mobile phone factory near Delhi.
       
    • DOLLAR
      
      The dollar had rebounded overnight from its lowest point in more than three weeks, spurred by flight from the UK pound sterling. Political turmoil in the UK caused by the resignation of Foreign Secretary Boris Johnson helped shore up the greenback.
       
    • CRYPTO CURRENCY
      
       Bitcoin tumbled on Tuesday as its attempt to rise above $7,000 was met with a wave of selling pressure and prompted traders to pull their funds from the crypto market, while reports that two new digital currency exchanges have been accredited by the Bangko Sentral ng Pilipinas (BSP) received some focus.

    • RBI
      
      The Reserve Bank of India monetary policy committee struck a balanced note on its rate stance going forward and cited rising inflation pressure due to high oil prices as the key reason for raising interest rates in the June meeting, according to minutes of the meeting released by the RBI.

    • US
      
      The Trump administration raised the stakes in its trade war with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports.

    • INDONESIA
      
      Indonesia has overturned its ban on Chinese video app Tik Tok after it agreed to censor “negative content”.Ministry of Communications spokesperson Noor Iza told Reuters the app was unblocked by the government on Tuesday.

    • CHINA
      
      Prime Minister Shinzo Abe headed for the flood-stricken western part of Japan on Wednesday as the death toll from the worst weather disaster in 36 years passed 160 and health worries increased amid scorching heat and the possibility of new floods
       

    • SOUTH KOREA
      
      The Trump administration raised the stakes in its trade dispute with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports.

    • AUSTRALIA
      
      Australia’s banking watchdog on Wednesday said its intense crackdown on risky mortgage lending was largely complete, as higher lending rates were also helping cool the country’s housing market.

    • JAPAN
      
       Japan’s core machinery orders fell in May, pulling back from the previous month’s big gain, although the decline was softer than expected, easing some concerns about a slowdown in capital expenditure amid a worsening U.S.-China trade conflict.