FxWirePro: Daily Commodity Tracker - 21st March, 2022 
US Dollar Slips as Soft Economic Data Eases Fed Rate Hike Expectations 
European Stocks Steady as U.S.-Iran War, Euro Zone Data Keep Investors Cautious 
US Eyes Refinery Boost as Trump Seeks Relief From High Gas Prices 
Yen Edges Higher as Weak US Data Dampens Fed Rate Hike Expectations 
Asian Stocks Steady as Iran War Keeps Oil Prices and Inflation Risks Elevated 
Wall Street Falls as Oil Prices Rise, Fed Minutes and Retail Earnings in Focus 
Dollar Slides as Soft U.S. Data Cuts Fed Rate Hike Bets 
Barclays Warns U.S. Stock Rally May Be Detached From Fundamentals 
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The Australian government bonds slumped Tuesday after the Reserve Bank of Australia (RBA) maintained its benchmark cash rate on hold at its monetary policy meeting held today.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, jumped 3 basis points to 2.62 percent, the yield on 15-year note surged 4 basis points to 3.04 percent and the yield on short-term 2-year traded 1-1/2 basis points higher at 1.69 percent by 04:40 GMT.
The BA held its benchmark cash rate at a record low 1.5 percent as widely expected, but noting the housing market presents challenges to policy. All 65 economists polled by Reuters predicted the central bank would maintain the cash rate at 1.5 percent at Tuesday's meeting.
"Conditions in the housing market continue to vary considerably around the country," Governor Philip Lowe said in a statement.
Meanwhile, the ASX 200 index traded 0.35 percent down at 5,923.50 by 05:00GMT, and the FxWirePro's Hourly AUD Strength Index remained highly bullish at 133.06 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
