Global FX DATA:

• • • ASIAN MARKET
      
      Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira infected the South African rand and drove demand for safe harbours, including the U.S. dollar, Swiss franc and yen.

    • GOLD
      
      Gold prices extended declines into a third session on Monday, as the U.S. dollar climbed to a 13-month high against major peers amid financial crisis in Turkey.
       
  • • OIL
      
      Oil prices dipped as rising trade tensions dented the outlook for fuel demand growth especially in Asia, although U.S. sanctions against Iran still pointed towards tighter supply.
             
    • DOLLAR
      
      The Indian rupee on Monday touched an all-time low of 69.62 per dollar in early trade, tracking broader weakness in other emerging market currencies on concerns of a spill-over from a crisis-hit Turkey.
      
       
    • TURKEY
      
      Turkey’s lira extended its precipitous slide Monday, with the selloff spreading to other emerging-market currencies, after the nation’s president showed no signs of backing down in a standoff with the U.S.

    • AUSTRALIA
      
      The personal approval rating of Australian Prime Minister Malcolm Turnbull fell to its lowest level i.e. 4 percentage points in more than four months, a widely watched poll showed on Monday.

    • CRYPTOCURRENCY
      
      Bitcoin recovered on Monday after suffering about 10% of losses last week, although other major cryptocurrency prices remained under pressure.

    • US
       

      For President Donald Trump unlike Mexico, Canada, Europe and other targets, China will also be a source of economic conflict for years to come, long after the tariff level on soybeans has been settled. Like the rivalry with the Soviet Union, economic competition with China may form a cold war that shapes American politics and economic policy for a generation or more.

    • JAPAN
      
      The Bank of Japan should abandon negative interest rates and a cap on long-term bond yields immediately as such crisis-mode measures are unnecessary for an economy enjoying steady growth.

    • CHINA
      
      China’s state planner has approved a total 78.7 billion yuan ($11.45 billion) of urban railway projects in the capital of the northern Jilin province, the country’s first urban rail project to be approved in a year.

    • U.K.
      
      U.K. house prices fell for a fifth month in a row in July, the longest stretch of declines since the financial crisis.

    • KOREA
      
      North and South Korean officials began high-level negotiations on Monday, with one South Korean newspaper report suggesting the two sides could be planning for a summit in Pyongyang later this month.

    • SINGAPORE
      
      Singapore’s economy grew slower than initial estimates in the April-June period on a quarter-on-quarter basis, revised data showed on Monday, as the government flagged a likely moderation in growth in the second half.

    • INDIA
      
      Private equity firm KKR & Co said it will acquire a 60 percent stake in India’s Ramky Enviro Engineers Ltd (REEL) for $530 million, adding it was one of India’s largest buyouts.