U.S. Stocks Tumble as Iran Peace Deal Uncertainty Spooks Markets 
Iran Allows Oil Tankers Through Strait of Hormuz Amid U.S. Negotiations 
Gold Prices Rise Amid Geopolitical Tensions and Safe Haven Demand 
France's 2025 Budget Deficit Shrinks More Than Expected, Easing Fiscal Pressure 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Oil Prices Slip as Trump Extends Iran Ceasefire Deadline Amid Ongoing War Fears 
Google's TurboQuant Sends South Korean Chip Stocks Tumbling Amid AI Memory Demand Fears 
U.S. Stock Futures Steady as Iran Reviews U.S. Ceasefire Proposal 
Time to buy local: war fuel price shocks reveal the folly of a long food supply chain 
Asian Currencies Hold Steady as Dollar Stays Firm Amid Middle East Uncertainty 
Bank of Japan Faces Rate Uncertainty Amid Middle East Oil Shock 
WTO Reform Talks Begin in Cameroon Amid Global Trade Tensions 
The USD/HKD currency spot is expected to hover around 7.85 in the run-up to the G-20 Osaka Summit, with rising upside risks to USD/HKD forwards. If risk sentiment improves, USD/HKD will slide in response as HKMA aggregate balance has shrunk markedly, according to the latest research report from Scotiabank.
The yuan’s weakness has weighed on the HKD despite a steady USD/HKD yield spread. Mainland Chinese investors have turned net buyers of Hong Kong shares again amid escalating US-China trade tensions.
The PBoC has stepped up efforts to stabilize market expectations of the yuan exchange rate, keeping USD/CNY fixing below 6.90.
However, the yuan would face increasing depreciation pressure should China fail to deescalate trade tensions with the US at the G-20 Osaka Summit set for 28-29 June, the report added.
