Asian Currencies Mixed as Dollar Hits Seven-Week High After Fed Hike 
US Stocks Rise Ahead of Fed Rate Decision 
Yen Slides After BOJ Rate Hike as Dollar Holds Near Seven-Week High 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Asian Currencies Mixed as Dollar Holds Gains After Fed Rate Hike 
Yemen Fighting Threatens Red Sea Oil Routes 
BOJ Set for 25-Basis-Point Rate Hike as Yen Weakness Fuels Inflation 
Oil Prices Fall as Saudi Supply Concerns Ease 
Gold Prices Rise as Oil and Treasury Yields Fall 
Bessent Presses Japan on Fiscal Policy as Yen Struggles 
Asian Stocks Rise as Oil Falls, BOJ Rate Decision in Focus 
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Last week’s GDP report showed that the U.S. economy grew by 4.1 percent in the second quarter on an annualized basis, which was the highest pace of growth since 2014. The GDP growth beat the ‘GDPNow’ forecast that predicted a 3.8 percent growth. While some of President Trump’s critic said that this is likely to be a one-time event, the latest ‘GDPNow’ forecast released by Atlanta Fed suggests that the momentum is likely to continue further.
The latest forecast which is based on the United States’ economic performance for just one month to the third quarter suggests that the GDP growth would surpass the second quarter as the economy is expected to grow at 4.7 percent in the third.
