Bank of Japan Warns of Regional Economic Risks Amid Middle East Conflict and Rising Oil Prices 
New Zealand Economy Faces Short-Term Pressure but Recovery Remains on Track 
South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Indonesia Fiscal Deficit Outlook: Fitch Signals Flexibility Amid Middle East War Risks 
Dollar Weakens Amid Middle East Tensions and Anticipated Central Bank Decisions 
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 
This week is a quite heavy with volatility risks, especially in terms of events.
What to watch for over the coming days:
- Central banks:
Bank of England’s (BoE) Chief economist Haldane to speak on Thursday and Friday. ECB’s Draghi to speak on Wednesday. FOMC’s Kaplan to speak on Monday, Powell on Tuesday, Janet Yellen on Wednesday, Dudley on Friday. Reserve Bank of Australia (RBA) to announce interest rate decision on Tuesday.
- Economic data:
PMI reports from around the world will be released this week. U.S. ADP and NFP employment reports on Wednesday and Friday.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Spain’s Catalonia, and Korean peninsula are likely to keep influencing the market.
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