Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Consumer activity in the United States is expected to remain buoyant in the third quarter of this year, with a further forecast of 0.1 percent m/m increase in August personal spending following July’s 0.3 percent rise.
However, the annual increase in the consumer expenditure deflator, the Fed’s preferred measure of inflation, is expected to be only slightly higher at 1.5 percent. The US dollar headed for its best week this year, in part driven by expectations that US tax reforms could provide some support to economic growth.
Over the weekend, a couple of political events bear watching. The Conservative Party Conference begins on Sunday, while in Spain, the Catalonian region will hold an independence referendum, also on Sunday.
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