Asian Currencies Steady as Dollar Eyes Fourth Weekly Gain 
Gold Prices Rise as Dollar Weakens, Treasury Yields Fall 
Oil Prices Trim Gains After Trump Rules Out Iran Strikes Before Midterms 
Asian Stocks Mixed as OpenAI Revenue Concerns Hit Chipmakers 
Fed Minutes Signal Another Rate Hike by Year-End 
Wall Street Falls as Oil Prices Rise and Tech Stocks Slide 
US Dollar Hits 18-Month High as Fed Signals More Rate Hikes 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Trump Secures Russian Diesel Deal as US Fuel Prices Surge 
Gold Prices Hit One-Week High as Oil Falls, Fed Rate Outlook Weighed 
Add as a preferred source on Google
The Australian government bonds plunged during Asian session of the first trading day of the week Monday even as investors remained disappointed on lower-than-expected rise in the country’s retail sales for the month of September, while still eyeing the Reserve Bank of Australia’s (RBA) monetary policy decision, scheduled to be revealed on November 5 by 03:30GMT for further direction in the debt market.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, jumped nearly 6-1/2 basis points to 1.170 percent, the yield on the long-term 30-year bond surged nearly 6 basis points to 1.744 percent and the yield on short-term 2-year gained nearly 2-1/2 basis points to 0.857 percent by 04:25GMT.
Australia’s retail sales grew 0.2 percent m/m in September, well below expectations. This brought quarterly sales growth to 0.5 percent in nominal terms. This is the lowest result since March 2018 and well below the one-year, three-year and long-term average rates of growth, ANZ Research reported.
Last week’s inflation print gives the RBA some flexibility around the timing of the next rate cut; and a move next week is materially less than a 50 percent likelihood, ANZ reported in a separate report last week.
Meanwhile, the S&P/ASX 200 index slipped -0.14 percent to 6,652.00 by 04:30GMT.
