Dollar Slips as Oil Prices Ease, Fed Rate Outlook Remains Uncertain 
Gordie Howe Bridge to Open July 27 After U.S.-Canada Reach Toll Revenue Agreement 
Fed Chair Kevin Warsh Launches Task Forces to Overhaul U.S. Monetary Policy Framework 
Gold Price Climbs Over 1% as Dollar Weakens, Fed Rate Debate and Iran Tensions Remain in Focus 
US Stock Futures Steady as Oil Prices Ease, Iran Talks Boost Market Sentiment 
European Regulators Clash With U.S. Treasury Over Private Credit Transparency 
US Launches New Iran Strikes as Strait of Hormuz Conflict Escalates, Oil Prices Rise 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Dollar Slips After Fed Minutes as Iran Tensions, Inflation Risks Keep Markets Cautious 
Japan Producer Inflation Hits 7.1% in June, Fueling BOJ Rate Hike Expectations 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
India's new Goods and Services Tax (GST) is likely to have a beneficial impact on India's auto, cement and organised retail sectors, but a negative impact on the oil & gas, traditional retail and SME sectors, according to Fitch Ratings' latest Special Report, published today. In contrast, the agency views the impact as broadly neutral for the property, electricity, telecoms, pharmaceutical and fertiliser sectors.
The new GST regime, which came into effect on July 1, 2017 and will replace a vast array of indirect state taxes and the national service tax, is unlikely to lead to rating changes for any of Fitch's internationally rated corporates despite being negative for certain sectors.
Nevertheless, the agency cautions that implementation risks will remain over the next 12 months due to the complexities of adopting the new system amid a culture of poor compliance, particularly among the traditional retail and SME sectors.
Meanwhile, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
