Global FX DATA:

• • • ASIAN MARKET
      
      Asian shares were subdued after a new round of tit-for-tat tariffs in the U.S.-Sino trade conflict torpedoed oil prices, while the Russian rouble tumbled as the U.S. slapped fresh sanctions on the country.

    • GOLD
      
      Gold prices were steady, after gaining for two straight sessions, as the dollar extended losses versus the yen.
       
  • • OIL
      
      Oil prices rebounded after heavy losses in the previous session that came as the China-U.S. trade dispute escalated, with official Chinese data indicating energy demand in the world’s top importer has yet to recover its strength.
             
    • DOLLAR
      
      The yen edged up to its strongest level against the dollar in nine days ahead of trade talks between the United States and Japan and speculation over when the Japanese central bank will exit its ultra-easy monetary policy.
      
       
    • NEW ZEALAND
      
      New Zealand’s central bank will keep “blowing wind into the sails” of a slowing economy, and is ready to respond to any further weakness in growth as business sentiment sours.

    • SAUDI ARABIA
      
      Saudi Arabia’s oil supplies to Canada will not be impacted by a dispute between the two countries, the kingdom’s energy minister said reassuring customers after Riyadh froze new trade with Canada and ruled out mediation efforts.

    • UK
      
      The likelihood Britain crashes out of the European Union without a trade deal has increased, an outcome that would hurt an already weak pound.

    • US
       

      At least four cargoes of U.S. coal worth $30 million are headed to China as Beijing prepares to hit imports with hefty 25-percent tariffs, threatening a niche supply of the fuel even as China’s appetite for foreign coal shows no sign of abating.

    • JAPAN
      
      A third of economists said the Bank of Japan’s steps to make its policy more flexible suggest it is laying the groundwork for an eventual exit from its massive stimulus but most said it won’t actually pull the trigger anytime soon.

    • CHINA
      
      China’s factory price inflation cooled in July amid a slowdown in economic growth with Beijing locked in a heated trade dispute with Washington, although economists expect punitive tariffs on U.S goods to add to wider price pressures in months ahead.

    • COLOMBIA
      
      Colombia’s new government said it would review former President Juan Manuel Santos’ recognition of Palestine after the previously unreleased decision was made public. 

    •  MEXICO
      
       Mexico is “encouraged” to keep working with the United States to update the North American Free Trade Agreement (NAFTA), Mexico’s Economy Minister Ildefonso Guajardo said after a two-hour meeting with U.S. Trade Representative Robert Lighthizer.

    • INDIA
      
      The Competition Commission of India (CCI) has approved U.S. retail giant Walmart Inc’s $16 billion acquisition of online marketplace Flipkart, beefing up the competition to Amazon.com Inc in the fast growing e-commerce market.