FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Asia FX Weekly Gains Hold Amid U.S. Inflation Data and Iran Ceasefire Uncertainty 
China Set to Exit Deflation Cycle in Early 2026, ANZ Analysts Say 
China's Factory-Gate Prices Rise for First Time in Over Three Years Amid Global Cost Pressures 
Asian Markets Retreat as Gulf Crisis Fuels Oil Surge and Inflation Fears 
U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher 
Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates 
U.S. Markets Post Strong Weekly Gains Despite Middle East Tensions and Rising Energy Prices 
Gold Prices Dip Amid Middle East Uncertainty and Inflation Fears 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets 
U.S. Stock Futures Surge as Trump Announces Iran Ceasefire, Oil Prices Plunge 
Gold Prices Rise on Weaker Dollar and Ceasefire Hopes 
Australian government bonds rallied on Thursday as growing concerns among investors of trade war which would hurt the global economy pushed demand for safe-haven assets.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, fell 2-1/2 basis points to 2.731 percent, the yield on the long-term 30-year note dipped 2 basis points to 3.310 percent and the yield on short-term 2-year down 1/2 basis points to 1.997 percent by 02:30 GMT.
In the United States, Treasuries initially yielded on a modest reaction to the lackluster February retail sales and producer prices numbers on Wednesday, eventually finding greater upward pressure as the morning progressed, pushing the 10-year Note yield to its lowest level since early March.
The benchmark 10-year Treasury yield dipped to 2.806 percent and headed for its fourth day of declines amid rising diplomatic tension between Britain and Russia, soft U.S. retail sales data and concerns over Washington’s political and trade issues.
Also, the dollar slipped 0.4 percent to 105.895 yen after taking a hit the previous day on Trump’s firing of U.S. Secretary of State Rex Tillerson.
The combination of weaker CPI and even weaker retail sales helped to weigh down the Atlanta Fed GDPNow measure, bringing it to around 1.9% for the first-quarter of 2018 as real personal consumption was undercut to a tracking estimate of 1.4%, down from 2.2%. Markets now look ahead to a greater flow of data on Thursday, highlighted by Empire manufacturing, Philadelphia Fed manufacturing, jobless claims and import prices data early in the session.
Meanwhile, the S&P/ASX 200 index traded 0.16 percent lower at 5,910.5 by 03:05 GMT, while at 03:00GMT, the FxWirePro's Hourly AUD Strength Index remained neutral at 53.78 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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