Dollar Steady as Markets Await U.S. Inflation Data 
UK Retail Sales Rise as World Cup and Heatwave Boost Food, Pubs and Clothing 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Asian Stocks Rise as AI Chip Rally Lifts South Korea, Japan 
Australia Housing Crisis Deepens as Worker Shortages Delay Homebuilding 
Oil Prices Rise as US-Iran Talks Stall, Inflation Risks Grow 
S&P 500, Nasdaq Futures Rise as Iran Risks and CPI Loom 
Asian Stocks Mixed as RBA Holds Rates, Oil Risks Rise 
Asian Currencies Steady as Markets Await U.S. Inflation Data 
Oil Prices Rise as Hormuz Tensions Threaten Global Supply 
Australia Sets New Minimum Pay, Insurance Rules for Gig Workers 
Yen Stabilizes After Intervention Slide as Australian Dollar Hits Eight-Week High 
The Swedish krona is expected to appreciate against the euro if the Riksbank agrees to normalize monetary policy faster than the European Central Bank (ECB), according to the latest research report from Commerzbank.
Riksbank might hike its key rate as early as December; only the vote of central bank Governor Ingves is required in addition to Henry Ohlsson and Martin Flodén (or that of two other members of the council).
Moreover the inflation rate stands above Riksbank’s inflation target at 2.4 percent. The inflation trend also remains decent although the fall of the oil price is likely to begin taking its toll.
However, the council might still be dominated by fears that the inflation trend might reverse again and that the ECB might take longer with its normalisation process so that the first rate hike will take place in February, the report added.
