Why central banks are too powerful and have created our inflation crisis 
Inflation: why prices look likely to stay high in the UK and Ireland, and what that means for mortgages 
Interest rates: Monetary policy is always political as central banks opt to back the financial sector 
What central banks are doing to safeguard financial stability and why they must proceed with caution 
If central banks don't start cutting them soon, it could actually increase inflation 
Why central banks should stop raising interest rates 
The Federal Reserve held off hiking interest rates 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon 
China reported a USD 51.35 billion trade surplus in January of 2017, lower than a USD 56.67 billion surplus a year earlier but above market consensus of a USD 47.90 billion surplus.
It was the largest trade surplus since January 2016, mainly driven by a rebound in exports while imports rose further.
In yuan-denominated terms, exports jumped 15.9 pct from a year earlier in January 2017, compared to a 0.6 pct rise in a month earlier.
Inbound shipments surged 25.2 pct, following a 10.0 pct rise in the prior month. In December 2016, the country reported a marginally revised USD 40.71 billion surplus.
The breakdown of January trade data will be released on February, 23rd.
The NZD underperformed after the RBNZ disappointed a hawkish market, extending the decline overnight to 0.7174.
NZDUSD has been correcting the Dec-Feb rally, with the 0.7180 level representing a common 38% retracement.
We had anticipated NZD slumps on 6th Feb and advocated suitable hedging vehicle accordingly, and they seem to be safeguarding the slumps in underlying spot that’s been showing from the last 4 days, we now uphold longs in 2 lots of 1y -0.49 delta put options, while buying 1 lot of +0.51 delta calls of similar expiry.
Please follow below weblink for our previous write up on hedging piece:
