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BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Myanmar Economic Outlook Hit by Fuel Price Shock as World Bank Cuts Growth Forecast 
Asian Stocks Advance as Nikkei Nears Record High Ahead of Fed Decision 
Asian Currencies Steady as BOJ Raises Rates and Markets Await Fed Decision 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
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Yesterday, the U.S. Commerce Department announced that it is initiating an investigation into imports of certain chemical, strontium Chromate to be specific to determine whether exporters from these countries are dumping the above-mentioned chemical in the United States at rates below the fair value.
The investigation was initiated based on a petition filed by Lumimove Inc., d.b.a. WPC Technologies, on September 5, 2018. The petition is alleging dumping margins to the tune of 90.97 percent for Austria, and 47.91 percent for France.
According to the department, U.S. imports of strontium chromate from Austria and France were valued at an estimated $4.5 million and $785,600, respectively in 2017. The department would announce its preliminary findings by February next year.
Under President Trump, the U.S. Commerce Department has significantly stepped up its investigations into foreign malpractices in trade and the number of investigations initiated is 226 percent more than the previous administration.
