Saudi government data show merchandise exports fell 4.5% YoY in June, with oil exports down 2.3%.

Market reports said Fidelity International planned to exit its wholly owned mainland China mutual fund business, citing intense local competition, frequent leadership turnover and long-term difficulty scaling; any such arrangement was described as under discussion and would require regulatory approval. On Aug. 21 Fidelity International said it continues to view China as an important, attractive long-term market and has no reportable changes to its strategy or market footprint.

DXY rose to a weekly high on Tuesday after US Treasury Secretary Bessent announced new sanctions on Iran. Bessent warned countries and firms doing business with Iran would face US retaliation but did not specify the measures. IG analysts said market speculation that Washington could exclude affected countries from the dollar-based financial system prompted some nations and banks to buy dollars preemptively, lifting the currency.