Global FX DATA:

      • ASIAN MARKET

        Stock markets in Asia tracked their global peers lower while the safe-haven dollar hovered near a two-week high on Wednesday as heightened worries over international trade conflicts curbed investor appetite for riskier assets.

      • GOLD

        Gold on Wednesday held near one-week lows touched in the previous session, as global trade tensions and emerging market concerns boosted demand for the U.S dollar, undermining the metal's safe haven status.
         
      • OIL

        Oil prices fell on Wednesday, partly reversing a strong jump from the previous day, as the impact of a tropical storm on U.S. Gulf coast production was not as strong as initially expected.
         
      • DOLLAR

        The U.S. dollar edged lower against a basket of currencies on Wednesday, and an Australian dollar that had been languishing at its weakest levels since mid-2016 gained after Australia posted its best economic growth in six years.
         
      • CRYPTOCURRENCY

        Bitcoin prices rose on Wednesday on reports that the Securities and Exchange Commission of the Philippines is considering to allow cryptocurrency exchange platforms to operate in the country.
           
      • INDONESIA

        Indonesian President Joko Widodo said on Wednesday that multiple external factors were behind a depreciation in the rupiah currency and the priority was to increase investment and exports to contain the country’s current account deficit.
         
      • SAUDI ARABIA

        Saudi Arabia wants oil to stay between $70 and $80 a barrel for now as the world’s biggest crude exporter strikes a balance between maximising revenue and keeping a lid on prices until U.S. congressional elections.
      • UK

        British public opinion on leaving the European Union is still deeply split, indicating only a slight increase in support for remaining a member despite growing pessimism about the outcome of negotiations.

      • US
         

        Canada heads into talks in Washington to renew NAFTA determined not to back down on key issues despite threats from U.S. President Donald Trump to retaliate against the Canadian economy unless Ottawa gives ground quickly.
      • CHINA
         

        Growth in China’s services sector weakened again in August as new business picked up only slightly from July’s more than two-year low.
      • AFGHANISTAN

        Former U.S. Ambassador to Afghanistan Zalmay Khalilzad will join the State Department as an adviser on Afghanistan, U.S. Secretary of State Mike Pompeo said as he headed to Pakistan to discuss Islamabad’s role in helping to end the Afghan conflict.

      • AUSTRALIA

        Australia’s economy sped past all expectations last quarter as rapid population growth fuelled demand for homes and infrastructure, while bolstering consumer spending in the face of painfully slow wages growth.

      • INDIA
         

        India's Bharat Petroleum Corp Ltd BPCL.NS has withdrawn an offer to sell up to 25,000 tonnes of naphtha from Kochi but the reasons behind the cancellation were unclear.
         
      • JAPAN

        Activity in Japan’s services sector rose in August to the highest level in four months due to higher sales and new store openings, highlighting the strength of domestic demand.