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Hong Kong-listed Laopu Gold (06181.HK) fell nearly 4%. On the news front, the company plans to implement full circulation of H shares and has applied to the Hong Kong Stock Exchange Listing Committee for approval to list and trade H shares converted from 40,388,900 unlisted shares held by three shareholders of the company.Bank of Japan Governor Kazuo Ueda: As fiscal leaders gather at the IMF and G20 meetings later this month, we are likely to get more information on U.S. tariff policy, so there is a high potential for sharing views and discussing response measures among policymakers.On April 2, CITIC Prudential Commodity LOF issued a premium risk warning. As of April 1, the closing price of the fund in the secondary market was 0.941 yuan, and the transaction price showed a large premium, reminding investors to pay attention to premium risks. CITIC Prudential Commodity LOF mainly invests in commodity-related assets such as precious metals and crude oil, accounting for about 92% of the fund allocation.Bank of Japan Governor Kazuo Ueda: U.S. tariffs may affect trade activities and sentiment in various countries.Bank of Japan Governor Kazuo Ueda: Another important issue is how U.S. tariffs will affect the sentiment of households and businesses, which is crucial in assessing the impact of tariffs on the global economy.

US Dollar Index Dodges Around 100.60, Eyes More Upside on Hawkish Powell

Larissa Barlow

Apr 22, 2022 09:48

The US dollar index (DXY) is demonstrating casual fluctuations in a modest range of 100.55-100.66 after a robust comeback on Thursday. Since the likelihood of a major rate hike by the Federal Reserve increased, the DXY has exhibited a clear reversal after falling below the psychological support level of 100.00. (Fed). After declaring that investors should brace for a half-percent rate hike in May's monetary policy, Fed chair Jerome Powell's speech boosted the likelihood of a 50 bps interest rate hike.

Fed’s Powell Speech at IMF

The arrival of Fed’s Powell at the International Monetary Fund (IMF) produced a significant reversal in the DXY as Powell repeated that the tight labor market and increasing inflation are driving the Fed to move faster to the neutral rates than to the pace adopted in past raise cycles. Current pricing pressures are damaging the economy, making it difficult for the Federal Reserve System (Fed) to reduce the CPI (Consumer Price Index) down to the targeted 2 percent level.

Key Events Next Week

Durable Goods Orders, Consumer Confidence, Housing Price index, Gross Domestic Product (GDP) statistics, Personal Consumption Expenditure Prices, Michigan Consumer Sentiment Index (CSI) (CSI).

Eminent Issues on the Back Boiler

ECB President Christine Lagarde and BOE Governor Andrew Bailey are all scheduled to speak at upcoming events, including the Russia-Ukraine peace talks and the IMF summit.

Dollar Index Spot

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