Global FX DATA:

• • • ASIAN MARKET

      Asia stocks struggled on Tuesday as a fresh round of U.S.-China tariffs and a surge in oil prices to near four-year highs added to worries about risks to global growth.
       
    • GOLD
      
      
      Gold held steady on Tuesday as the dollar stood firm ahead of the two-day U.S. Federal Reserve meeting beginning later in the day, while simmering U.S.-China trade tensions kept investors nervous about risks to global growth.
       
  • • OIL
      
      Oil benchmark Brent rose for a second day on Tuesday, remaining within range of a four-year high reached during the previous session.
       
    • DOLLAR
      
      The dollar was largely steady against its major peers on Tuesday as investors looked to policy clues from the U.S. Federal Reserve, which is widely expected to hike rates this week, as financial markets fret over a heated Sino-U.S. trade dispute.
       
    • IRAN
      
      Iran has ample reason to stay in the 2015 nuclear deal despite the U.S. withdrawal and the remaining parties will discuss ways to blunt the effect of impending U.S. sanctions on Tehran.
       
    • INDIA
      
      India’s crude oil demand is forecast to grow to 500 million tonnes per year by 2040, but persistent increase in oil prices might act as a dampener for the rate of growth.
       
    • UK
      
      Prime Minister Theresa May and her ministers have agreed to focus Britain’s post-Brexit migration system on high-skilled migrants and will not offer preference to European Union workers.

    • US
      
      The head of the main U.S. agency for aiding developing country infrastructure projects said that the ability to extend funding for such investments is expected to double if new legislation is approved by the U.S. Congress.

    • CHINA
       

      A senior Chinese official said that it is difficult to proceed with trade talks with the United States while Washington is putting “a knife to China’s neck”, a day after both sides heaped fresh tariffs on each other’s goods.

    • AUSTRALIA
       

      Australia’s corporate regulator said that a review had found the way in which the country’s four largest banks and largest listed wealth manager reported and remediated breaches of the law was “unacceptable”.

    • ARGENTINA
      
      Argentine President Mauricio Macri said that his country was close to a deal with the International Monetary Fund to bolster a $50 billion credit line, while a government source said $3-$5 billion in additional funds could be announced this week.

    • HONDURAS
       

      The president of Honduras said that cuts in U.S. support for Central America would hinder efforts to stem illegal immigration as he welcomed China’s growing diplomatic presence in the region as an “opportunity.”
       
    • JAPAN
      
      
      A few Bank of Japan board members said the central bank must consider more seriously the potential dangers of ultra-easy policy, such as the negative impact on the country’s banking system.