Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
US Stock Futures Hold Steady Ahead of June Jobs Report as Fed Rate Outlook Remains in Focus 
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.
