FxWirePro: Daily Commodity Tracker - 21st March, 2022 
South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects 
Bank of England Set to Hold Interest Rates as Inflation Risks and Iran War Impact Loom 
RBI Clamps Down on Rupee NDF Activity, Banks Face Steeper Losses 
BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance 
Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns 
Bank of Korea Nominee Shin Hyun-song Signals Possible Rate Hike Amid Middle East Inflation Fears 
RBNZ Holds Rates at 2.25% as Middle East Conflict Fuels Inflation Concerns 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates 
After New York FED president jolted markets, especially Dollar last night, watch out for speech from Cleveland FED President Loretta J. Mester tonight.
Last night William Dudley's comments that financial conditions have tightened markedly, since the Federal Open Market Committee raised interest rates in December. He also said, if these tightening remain in place by the time central bank meet again in March, then that have to be taken into considerations.
Last night Dollar index dropped 1.6%, marking its 16th biggest single day drop in past 10 years.
If that was a jolt, then today could be more, if Mester turns out dovish. In her last speech about a month ago, Ms. Mester said, she prefers much quicker pace of hikes. Then she is probably one of those forecasting four or more hikes this year. So if she turns out little more dovish, Dollar could feel another rug pulled from below. Ms. Mester is scheduled to speak at New Yrok at 22:00 GMT.
US investment bank Goldman Sachs today scaled back its hike expectations and backed away from March tightening call.
Dollar index is currently trading at 96.68, down -0.65% today, so far.
