Global FX DATA:


        Asian stocks rose in morning trade on Thursday despite lingering concerns around the U.S. and Chinese trade war.
      • GOLD

         Gold prices were mostly steady on Thursday, close to a one-week low hit in the previous session, as the dollar held firm amid an intensifying trade war between the United States and China.
      • OIL

        U.S. crude oil exports to India hit a record in June and so far this year are almost double last year’s total as the Asian nation’s refiners move to replace supplies from Iran and Venezuela in a win for the Trump administration.
      • INDIA

        India’s finance ministry has proposed relaxing a directive from the country’s central bank that would compel global payment firms to store customer data only locally, following weeks of intense lobbying by U.S. companies and trade bodies.
      • DOLLAR

        The dollar rose to a six-month high against the yen and steadied against other major peers on Thursday after U.S. inflation data reaffirmed expectations that the Federal Reserve will hike interest rates two more times this year.

         Bitcoin tumbled  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

        Manhattan’s Times Square was “flooded” on Wednesday in a multi-media art display aiming to show how climate change could lead to sea levels rising over low-lying sections of New York City..

      • ISRAEL

        Israeli forces attacked Syrian military positions near the Golan Heights frontier in the early hours of Thursday, causing limited damage, Syrian state media said.

      • CHINA

        China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods in a move that rattled global markets.


        South Korea on Thursday warned that an escalating trade dispute between the United States and China could hit its exports of “intermediary goods” used in home appliances, computers and communications devices.

      • MEXICO

        Mexico’s next energy agenda will prioritize increasing gasoline and diesel production and later decide on possible changes to the industry reform championed by the outgoing government, according to a top aide to President-elect Andres Manuel Lopez Obrador.

      • JAPAN

        Intense heat and water shortages raised fears of disease outbreaks in flood-hit western Japan on Thursday as the death toll from the worst weather disaster in 36 years neared 200.