Oil Prices Rebound as Hormuz Disruptions and Middle East Tensions Rattle Markets 
Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher 
Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions 
Gulf Ceasefire Cracks Rattle Asian Markets and Push Oil Prices Higher 
Trump Slams Iran Over Strait of Hormuz Oil Restrictions Amid Fragile Ceasefire 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
U.S.-China Trade Talks: Trump and Xi Set for Summit Amid Rare Earths Focus 
The Chinese yuan is expected to trade range-bound between 6.50 and 6.70 with a strengthening bias prior to US President Donald Trump’s visit to China set for November 8-10. The yuan’s implied volatility has been rising along with sliding risk reversal since late August, Scotiabank reported.
A neutral risk reversal has paved the way for the regulators to increase two-way flexibility in the yuan exchange rate. In addition, the CFETS RMB Index has remained steady amid bear-steepening UST yield curve and rising DXY Index.
It would open further upside for the USD should the DXY Index rally through the 94 resistance and the 100-day MA line.
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