Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
ASX Proposes New Share Dilution Limits for Public Takeovers 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
In March, the AUD has hit its highest level vs the USD since July 3rd 2015 (0.7648), and on the day bid near 8-month highs of 0.7583. The Aussie is also at its best level against the pound since April 2015.
If the surge continues the Reserve Bank of Australia which has been relying on a low Australian dollar to help non-mining exporters compete, might come under pressure to cut interest rates to less than the current 2 per cent.
Australian manufacturers are getting nervous that the resurgent AUD could put them at a disadvantage to cheaper rivals, denting a recent growth streak. Manufacturing Australia chairman and former Adelaide Brighton chief executive Mark Chellew said the concern would be if a higher AUD was sustained.
