US Launches New Iran Strikes as Strait of Hormuz Conflict Escalates, Oil Prices Rise 
Japan Producer Inflation Hits 7.1% in June, Fueling BOJ Rate Hike Expectations 
US Back-to-School Spending Seen Falling as Families Focus on Essentials 
Oil Prices Slip but Stay on Track for Weekly Gains as U.S.-Iran Conflict Persists 
Gold Prices Slip as U.S.-Iran Conflict, Fed Rate Hike Bets Pressure Precious Metals 
Japanese Yen Rises as Pension Fund Plan and BOJ Rate Hike Bets Weigh on Dollar 
Gold Price Climbs Over 1% as Dollar Weakens, Fed Rate Debate and Iran Tensions Remain in Focus 
Gold Prices Slip as Stronger Dollar, Fed Rate Outlook Weigh on Bullion 
European Regulators Clash With U.S. Treasury Over Private Credit Transparency 
Trump, Canada Reach Gordie Howe Bridge Deal Ahead of July 27 Opening 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
China Inflation Cools in June as Producer Prices Hit Four-Year High 
In the coming years, the moderate recovery of the world economy is expected to continue. However, we project the synchronised recovery will lose some tailwind going forward; hence, we have revised our forecasts for global growth lower.
Furthermore, policy tightening in China has exceeded market expectations and a clear slowdown in activity is seen there this year.
"Our baseline scenario for the global economy is for more of the same, with the US growing around 2 percent and the euro area growing by just below 2 percent. Although sentiment is improving and political risks in Europe have abated, this is mitigated by a bigger drag on global growth from China, where we expect the economy to decelerate in 2017 and 2018 due to policy tightening," Danske Bank commented in its latest research report.
