Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
Australian Household Spending Dips in December as RBA Tightens Policy 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
The USD/CNY currency pair is expected to rally through the 6.40 level in the run up to the Federal Open Market Committee’s (FOMC) monetary policy meeting in June, according to a recent report from Scotiabank.
Further, the United States’ dollar index is expected to remain supported given a surprise fall in the Eurozone inflation and a moderation in the bloc’s economic growth.
Meanwhile, China will prevent the yuan from depreciating sharply as Chinese Vice Premier Liu He who is also President Xi Jinping’s top economic adviser will visit Washington next week for follow-up trade talks to avert a trade war. The yuan is anticipated to outperform the CFETS basket amid ongoing external uncertainty.
"In our opinion, one-way speculation on the yuan exchange rate has dissipated as onshore USD/CNY spot has been persistently trading around the central bank’s daily reference rate," the report added.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
