Global FX DATA:

• • • ASIAN MARKET

      Asian shares inched up on Wednesday, as Chinese stocks extended their recovery to hit eight-week highs on receding fears about the trade war as well as hopes China’s weighting in the global benchmark will be increased.
       
    • GOLD
      
      
      Gold prices drifted in a narrow range on Wednesday as investors awaited cues of the U.S. Federal Reserve’s two-day meeting, where policymakers are expected to raise interest rates for the third time this year.
       
  • • OIL
      
      Brent oil edged further away from a four-year high on Wednesday and U.S. crude fell, after the U.S. said it would ensure crude markets are well supplied before sanctions are re-imposed on Iran and as President Donald Trump criticized high prices.
       
    • DOLLAR
      
      The dollar largely stuck to tight ranges on Wednesday as investors awaited policy cues from the Federal Reserve, which is widely expected to raise interest rates later in the day, and as the Sino-U.S. trade dispute dampened demand for risky assets.
       
    • CRYPTOCURRENCY
      
      Bitcoin edged down on Wednesday morning in Asia despite Google’s announcing plans to reverse its ban on crypto-related ads.
       
    • INDIA
      
      The finance ministry wants the Reserve Bank of India (RBI) to consider more steps to improve liquidity in the system, including reducing the amount of funds banks must set aside with it, amid a bubbling credit crunch in the Indian shadow banking industry.
       
    • UK
      
      The European Union has more pressing priorities than Britain’s future relationship with the bloc, starting with its own future.

    • US
      
      The United States imposed new sanctions on Venezuelan President Nicolas Maduro’s wife and several of his top allies as U.S. President Donald Trump urged members of the United Nations to support a “restoration of democracy” in the once-booming OPEC nation.

    • CHINA
       

      China and the United States can compete but should not view each other with a Cold War mentality and should avoid falling into a zero-sum game trap, amid deteriorating ties between the superpowers.

    • FRANCE
       

      French voters growing restless to see the fruits of President Emmanuel Macron’s reform drive will need to wait at least another year for the full impact.

    • UAE
       

      The United Arab Emirates will support United Nations proposals for new peace talks on Yemen after meeting with U.N. Special Envoy to Yemen Martin Griffiths on the sidelines of the United Nations General Assembly meeting in New York.

    • AUSTRALIA
      
      The union at Alcoa’s aluminium operations in the state of Western Australia said it was meeting with the company again to try to resolve a strike that has lasted more than six weeks, after the firm last week revised an earlier offer.
       

    • IRAN
      
      
      Iranian President Hassan Rouhani and U.S. President Donald Trump exchanged taunts at the United Nations General Assembly with Trump vowing more sanctions against Tehran and Rouhani suggesting his American counterpart suffers from a “weakness of intellect.”