Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
Indian Rupee Strengthens Sharply After U.S.-India Trade Deal Announcement 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order 
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
Oil Prices Climb as Middle East Tensions and U.S. Inventory Data Boost Market Sentiment 
Paul Atkins Emphasizes Global Regulatory Cooperation at Fintech Conference 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Stephen Miran Resigns as White House Economic Adviser Amid Federal Reserve Tenure 
The Central Bank of the Republic of China (Taiwan) (CBC) is expected to leave its policy rate unchanged at 1.375 percent on Thursday after the United States Federal Reserve delivered a dovish rate hike last week, given the island’s benign inflation outlook, Scotiabank reported,
The island’s CPI inflation dropped to -0.04 percent y/y in February, from 2.25 percent the previous month. Further, the headline retail inflation is expected to rise slightly in the coming months. In addition, the auction yield on the 364-day NCD has slid gradually since last December.
Foreign investors poured total USD 1.47bn into local equity markets in the past four sessions post March FOMC meeting, boosting the TWD that has been running a tight correlation with local shares since early 2015. Year-to-date, global funds have added to their holdings in Taiwanese stocks by USD 4.43bn according to Bloomberg data.
Meanwhile, the TWSE share index is close to the 10,000 psychological resistance level, which may limit the downside potential for the USD/TWD pair for now on the technical side.
