Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
The South Korean won is expected to continue trading in a range of 1,110-1,140 after declining along with a pullback in the Kospi share index, according to the latest research report from Scotiabank.
It was broadly reported that North Korea has begun rebuilding a rocket launch site that had been partially dismantled as a goodwill gesture after the first summit between US President Donald Trump and North Korean leader Kim Jong-un in June 2018.
The development came days after the second Trump-Kim Summit ended without any agreement in Hanoi on February 28. US President Trump said at the White House on Wednesday that he would be very disappointed in North Korean leader Kim Jong-un if reports about rebuilding at a rocket launch site in North Korea were true.
Renewing geopolitical risks on the Peninsula haven’t sparked market panic as South Korea’s sovereign CDS premium remains low. US President Trump said Wednesday it is a very early report and he will see what happens.
"In our view, it may be a strategy aimed at imposing pressure on the US to reach a deal rather than a move to resume missile tests there," Scotiabank further commented.
"Meanwhile, we keep a close eye on geopolitical situation as it would weaken the KRW abruptly should North Korea resume its missile/nuclear tests," the report added.
