Global FX DATA:

• • • ASIAN MARKET
      
      Asian shares dipped on Monday on fears of more protectionist measures from the United States while the dollar declined against major currencies after U.S. President Donald Trump criticised the Federal Reserve's tightening policy.
       
    • GOLD
      
      Gold prices were steady on Monday near their highest since July 17 as the dollar eased to its lowest in nearly two weeks after U.S. President Donald Trump criticised the Federal Reserve’s interest rate tightening policy.
       
  • • OIL
      
      Oil prices fell on Monday because of increasing concerns about fuel demand after finance ministers and central bank governors from the G20 warned that global economic growth risks have increased amid rising trade and geopolitical tensions.
                                                     
    • INDIA
      
      Indian shares rose on Monday, lifted by consumer stocks such as index heavyweight ITC Ltd, after the Goods and Services Tax (GST) Council cut tax rates on scores of items while keeping the cess on cigarettes unchanged during its weekend meeting.                                                                    
    • DOLLAR
      
      The dollar fell to a two-week low versus the Japanese yen JPY on Monday, dropping below 110.77 after U.S. President Donald Trump expressed discomfort with the greenback's strength. yen's move higher also follows reports from Reuters and other media that the Bank of Japan is actively discussing changes to its policies.
       
    • CRYPTO CURRENCY
      
      Bitcoin rose on Monday, trading above the $7,600 mark as South Korea continued to adopt a cauitous yet positive approrach to the cryptocurrency industry.

    • CHINA
      
      China’s sorghum imports in June surged 38.1 percent on year, boosted by a temporary easing of Sino-U.S. trade tensions, while corn imports for the month rose to one of highest levels in the past decade.

    • MEXICO
      
      Mexican President-elect Andres Manuel Lopez Obrador sent U.S. President Donald Trump a letter urging a swift end to NAFTA negotiations and suggesting the leaders could work well together due to their shared anti-establishment style.

    • NEW ZEALAND
      
      New Zealand Acting Prime Minister Winston Peters said on Monday a bill has been introduced to Parliament to change the legislation governing the Reserve Bank of New Zealand (RBNZ) to add employment as a policy goal alongside inflation.

    • JAPAN
      
      Japan’s Nikkei fell on Monday, after U.S. President Donald Trump’s latest trade comments and speculation towards the Bank of Japan tweaking its massive easing scheme triggered a rally in the yen.

    • EUROPE
      
      European finance leaders called for progress on global rules to tax the digital economy at a meeting of G20 finance ministers and central bankers in Argentina on Sunday, putting them at odds with U.S. counterparts.

    • US
      
      A pair of prominent Republican U.S. senators said on Sunday that the United States must move promptly to prepare new sanctions against Russia to discourage interference in upcoming elections.
       

    • CUBA
      
      Cuba’s economy grew less than expected in the first half of 2018 and an ongoing liquidity crisis will force fresh belt tightening.

    • TURKEY
      
      Turkey will not fight with markets but instead pursue a win-win relationship with them while ensuring Turkey has an effective central bank.