Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
Consumer prices in Switzerland witnessed decline during the month of August, largely in line with what markets had earlier anticipated.
Swiss consumer prices slid 0.1 percent year-on-year in August, slightly slower than the 0.2 percent decrease seen in July. The annual pace of decline matched economists' expectations, data released by the Federal Statistical Office showed Tuesday.
A similar pace of slower decrease was last seen in November 2014. Prices have been falling since late 2014. Consumer prices dropped 0.1 percent as expected in August from the prior month, when it declined 0.4 percent.
Further, this is up from a 0.5 percent drop in July and the first non-negative reading since the Swiss National Bank scrapped its currency cap in January 2015. However, the national reading is still negative, just, but only at -0.1 percent on the month and year, the least negative reading since November 2014.
Meanwhile, USD/CHF is marginally lower in today’s trading, having established a consolidation phase over the past week. The pair is currently at about the midpoint of the range at 0.9788, down 0.09 percent from Monday’s levels.
