Global FX DATA:

• • • ASIAN MARKET
      
      Asian stocks slipped to 14-month lows on Wednesday, as investor confidence was chilled by the latest round of verbal threats in an intensifying U.S.-China trade conflict.

    • GOLD
      
      Gold prices inched down on Wednesday after touching two-week lows in the previous session, with investors staying away from bullion on fears the U.S.-China trade war could escalate.
       
  • • OIL
      
      Oil prices rose on Wednesday following a report that crude inventories in the United States fell and as looming sanctions against Iran raised expectations of tightening supplies, with top producer Russia warning of a “fragile” global crude market.
       
    • DOLLAR
      
      The dollar dipped on Wednesday as Canada signalled it was ready to make a concession to the United States to resolve their talks over reworking the North American Free Trade Agreement, though lingering anxiety over U.S.-China trade tensions weighed.
       
    • CRYPTOCURRENCY
      
      Bitcion and other major cryptocurrencies continued to tumble on Wednesday morning in Asia, as Wall Street announced actions against companies involved with cryptocurrencies and intensifying scrutiny of the digital tokens.
         
    • RUSSIA
      
      Russian Economy Minister Maxim Oreshkin said the rouble has “seriously deviated” from fundamental levels but he expected it to firm to 63-64 rubles to the U.S. dollar in December this year.
       
    • SOUTH KOREA
      
      South Korea’s unemployment rate rose to an eight-year high in August as mandatory minimum wages rose, worsening economic policy frustrations for President Moon Jae-in whose approval rating is now at its lowest since inauguration.

    • US
       

      After months of waging a behind-the-scenes war against President Donald Trump’s trade tariffs that have escalated far beyond what business groups once imagined, more than 60 U.S. industry groups are launching a coalition to take the fight public.

    • CHINA
       

      China’s regulators will introduce more measures to promote corporate deleveraging, with an emphasis on state-owned enterprises, the official English-language China Daily said on Wednesday, citing an unnamed “leading expert on financial regulatory matters.”

    • UK
      
      Britain’s government and Barclays launched a fund  to provide up to 1 billion pounds ($1.3 billion) in finance to small house-builders in an attempt to tackle England’s housing shortage.

    • SINGAPORE
      
      Singapore Prime Minister Lee Hsien Loong said he was not sure if an agreement on major regional trade pact backed by China will be finalised this year.

    • AUSTRALIA
      
      Australia’s biggest department store chain Myer Holdings Ltd posted its first annual loss since listing as it wrote down the value of its brands and shoppers switched to cheaper options online, sending its shares down sharply.
       

    • JAPAN
      
      
      The Bank of Japan is set to keep monetary policy steady next week and debate how escalating global trade frictions could undermine its confidence that the export-reliant economy will sustain a moderate expansion thanks to robust world demand.