Global FX DATA:

• • • ASIAN MARKET
      
      Asian shares crept ahead on Thursday as a lull in the Sino-U.S. trade tussle and talk of more Chinese stimulus helped calm nerves, while tensions in the oil market grew ahead of an OPEC meeting that could expand the supply of crude.
       
    • GOLD
      
      Gold prices fell on a stronger dollar on Thursday, hovering close to a six-month low as the U.S. Federal Reserve Chair confirmed an outlook for higher interest rates in the United States.
       
  • • OIL
      
      Oil prices fell on Thursday as Iran signaled it could be won over to a small rise in OPEC crude output, potentially paving the way for the producer cartel to agree a supply increase during a meeting on Friday.
       
    • INDIA
      
      India’s Chief Economic Adviser Arvind Subramanian said on Wednesday he was quitting his post to return to academic research in the United States, the third high-profile hire to leave Prime Minister Narendra Modi’s economic administration.
       
    • DOLLAR
      
      The dollar hovered near an 11-month high against a basket of currencies on Thursday, supported by a rise in U.S. yields, while the pound struggled at its lowest level since November 2017 ahead of Bank of England’s monetary policy decision.
       
    • CRYPTO CURRENCY
      
      Bitcoin and other major cryptocurrencies prices recovered on Thursday following a hacking attack that targeted South Korea’s Bithumb exchange on Wednesday.

    • 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 on Wednesday.

    • LONDON
      
      Pay rises agreed by major British employers held at 2.5 percent in recent months, industry data showed on Thursday, adding to a picture of modestly increased wage pressure in Britain.

    • BRITAIN
      
      Britain will outline its plans on Thursday for new immigration rules for European Union citizens living in the United Kingdom after Brexit as it calls on the bloc to give more details about its own proposals for British nationals.

    • MALAYSIA
      
       Former Malaysian prime minister Najib Razak says he shouldn’t be blamed for the multi-billion-dollar 1MDB scandal, and declares he knows nothing about money from the state fund appearing in his personal account.
       

    • ARGENTINA
      
       Index provider MSCI said on Wednesday it will reclassify Argentina as an emerging market and begin including Saudi Arabia in that classification, sharply broadening the investor base for both countries in a move that could be supportive of their equity markets.
       

    • CHINA
      
        China could hit back at U.S. firms listed on the Dow Jones Industrial Average if U.S. President Donald Trump keeps exacerbating tensions with China over trade.Trump threatened on Monday to hit $200 billion of Chinese imports with 10 percent tariffs if China follows through with retaliation against his previous targeting of $50 billion in imports.  
       

    • AUSTRALIA
      
      Commonwealth Bank of Australia (CBA) said on Thursday the federal court had approved its settlement with the Australian Securities and Investments Commission (ASIC) in relation to allegations it manipulated the bank bill swap rate (BBSW).

    • US
      
      The United States withdrew from a “hypocritical and self-serving” United Nations Human Rights Council over what it called chronic bias against Israel and a lack of reform, a move activists warned would make advancing human rights globally even more difficult.