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FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Speaking with Financial Times, Boston FED chief, Eric Rosengren said according to him, U.S. economy is on the verge of meeting the criteria, required for a rate hike in June.
In recent week, especially in the last one, market has adjusted sharply to the possibility of a hike in June after several policymakers highlighted the strong probability of a hike. Rate hike bets have forwarded from December to as of July, providing support to Dollar. However, there are still adjustments due, which will take place slowly going forward. As of now, market is just marginally pricing possibility of hike in July.
Comments from Rosengren is of particular importance, since he was a dovish in his outlook in 2015.
Regarding British referendum, he said that vote is not of that much importance, unless it hits U.S. economy and financial markets and prove to be sustained shock.
He said he is confident due to improvement in economic numbers.
“Because we are closer to full employment and because we are closer to our inflation target I am more confident now that a more normalized situation makes sense”.
Dollar index is down today marginally after three weeks of consecutive gains. Currently trading at 95.15.
