RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Japan Services Sector Records Fastest Growth in Nearly a Year as Private Activity Accelerates 
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
Japan Finance Minister Defends PM Takaichi’s Remarks on Weak Yen Benefits 
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
S&P 500 Rises as AI Stocks and Small Caps Rally on Strong Earnings Outlook 
Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election 
In March, the AUD has hit its highest level vs the USD since July 3rd 2015 (0.7648), and on the day bid near 8-month highs of 0.7583. The Aussie is also at its best level against the pound since April 2015.
If the surge continues the Reserve Bank of Australia which has been relying on a low Australian dollar to help non-mining exporters compete, might come under pressure to cut interest rates to less than the current 2 per cent.
Australian manufacturers are getting nervous that the resurgent AUD could put them at a disadvantage to cheaper rivals, denting a recent growth streak. Manufacturing Australia chairman and former Adelaide Brighton chief executive Mark Chellew said the concern would be if a higher AUD was sustained.
