FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Quotes from Commerzbank Corporates & Markets:
-CNY: The National People's Congress starts next week. We expect the government to reveal a 2015 GDP growth target of 7.0%, which would be down on 7.5% in 2014.
-Beijing is also set to unveil China's 13th five-year-plan. The plan is an important document that outlines national priorities and sets targets for economic and social development. The government may also establish a minimum GDP growth rate of 6.5% as part of the five year plan.
-This would mark the lowest annual growth rate since 1990. The government is also likely to announce further easing in housing policies to help the downturn in the property sector. The PBoC set the USD-CNY fix at 6.1475 this morning, up from 6.1379 yesterday.
-USD-CNY spot is trading at 6.2688 up from 6.2587 yesterday, the highest level since Octo-ber 2012. We expect the CNY to remain weak against the US dollar until at least the end of Q3 as the market prepares for Fed rate hikes.
