Global FX DATA:

• • • ASIAN MARKET
      
      Asia share markets tried to regain their footing on Tuesday as tremors from the collapse of the Turkish lira ebbed a little and Wall Street proved resilient to the shockwaves.

    • GOLD
      
      Gold prices traded steady on Tuesday, but hovered close to an 18-month low, as the U.S. dollar pared gains after posting a 13-month high in the previous session.
       
  • • OIL
      
      Oil prices rose on Tuesday after a report from OPEC confirmed that top exporter Saudi Arabia had cut production to avert looming oversupply.
             
    • DOLLAR
      
      Turkish lira weakened slightly to 6.92 against the dollar on Tuesday morning, having pulled back from a record low of 7.24 a day earlier after the central bank pledged to provide liquidity.
      
       
    • HONG KONG
      
      Tencent Holdings Ltd saw its shares tumble on Tuesday amid concern of a hit to the Chinese technology firm’s gaming revenue after regulators blocked the sale of one of its blockbuster titles.

    • VENEZUELA
      
      Venezuela’s heavily subsidized domestic gasoline prices should rise to international levels to avoid billions of dollars in annual losses due to fuel smuggling, President Nicolas Maduro said in a televised address on Monday.

    • CRYPTOCURRENCY
      
      Ethereum plunged 20%, while Ripple and Litecoin were also down more than 13% on Tuesday on reports that investors who bought Ethereum to participate in initial coin offerings (ICOs) are cashing out to cover expenses.

    • US
       

      U.S. President Donald Trump signed a $716 billion defense policy bill on Monday that authorizes military spending and includes watered-down controls on U.S. government contracts with China’s ZTE Corp and Huawei Technologies Co Ltd.

    • CHINA
      
      China’s economy is showing further signs of cooling as the U.S. prepares to impose even tougher trade tariffs, with investment in the first seven months of the year slowing to a record low and retail sales softening, data showed on Tuesday.

    • ARGENTINA
      
      Argentina took emergency steps to stabilize its currency in the wake of an emerging-market rout caused by Turkey’s crisis, jacking up its key interest rate by 5 percentage points to the highest in the world and outlining a plan to eliminate short-term notes.

    • SRI LANKA
      
      The United States announced today it would grant Sri Lanka USD 39 million to boost maritime security as China develops its strategic hold on the Indian Ocean island.

    • TURKEY
       

      Turkey’s lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity, but it remained under selling pressure and its meltdown continued to rattle global markets.

    • INDIA
      
      The Indian rupee erased early gains to hit an all-time low of 70.1 per dollar on Tuesday, as concerns about Turkey's economic woes persisted.