Samsung, SK Hynix Shares Plunge as China Chip Competition Grows 
IMF Maintains 2027 Global Growth Forecast at 3.4% Amid Rising Risks 
RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise 
US Stock Futures Rise as Oil Prices Fall Ahead of Q3 Earnings 
RBA Says ASX Still Falls Short on Governance and Risk Controls 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Asian Currencies Steady as Dollar Nears 18-Month High Ahead of US CPI 
Oil Prices Mixed as Russia Diesel Deal and Houthi Attacks Raise Supply Concerns 
BOJ Signals Faster Rate Hikes as Inflation Risks Grow 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Fed Unveils Stablecoin Rules Under GENIUS Act 
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This week is a filled with volatility risks, both in terms of data and events.
What to watch for over the coming days:
- Central Banks:
Reserve Bank of Australia (RBA) will announce interest rate decision on Tuesday. Bank of Canada (BoC) will announce interest rate decision on Wednesday.
- Economic data:
Services PMI reports from across the world on Tuesday. Australian third-quarter GDP on Wednesday. ADP employment report from the U.S. on Wednesday. Japan’s third-quarter GDP on Thursday. U.S. NFP report on Friday.
- US Government shutdown:
Government shutdown looms as the deadline to pass budget ends on Friday.
- Brexit:
On Monday, UK Prime Minister Theresa May is slated to meet with Jean-Claude Juncker, president of the European Commission, and Michel Barnier, the EU’s chief Brexit negotiator.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Spain’s Catalonia, and Korean peninsula are likely to keep influencing the market.
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