ECB Warns of Rising Inflation Risks Amid Iran War Energy Shock 
Asian Stocks Surge to Record Highs as Wall Street Rally Offsets Oil Price Concerns 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Dollar Gains as Middle East Tensions and Rising Oil Prices Support Safe-Haven Demand 
Bank of Korea Nominee Shin Hyun-song Calls for Flexible Monetary Policy Amid Iran War Risks 
Gold Prices Slip as Strong Dollar and Middle East Tensions Weigh on Market 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Asian Markets Mixed as Oil Prices Rise Amid Middle East Tensions and Ceasefire Uncertainty 
U.S.-Iran Conflict Stalls as Diplomatic Efforts Collapse and Global Oil Tensions Rise 
RBI Clamps Down on Rupee NDF Activity, Banks Face Steeper Losses 
Japan Inflation Rises in March Amid Energy Price Surge and Middle East Tensions 
Singapore Tightens Monetary Policy Amid Middle East War Inflation Risks 
European Car Sales Surge in March as EV and Hybrid Demand Accelerates 
Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns 
Not many economic data and events scheduled for today and all with low to medium risks associated.
Data released so far:
- China: Exports declined by 6.1 percent y/y in December. Imports up by 3.1 percent y/y. Trade balance came at $40.818 billion.
Upcoming:
- Germany: Wholesale price inflation for December will be reported at 7:00 GMT.
- Spain: Consumer inflation number will be released at 8:00 GMT.
- United States: Retail sales report for December will be published at 13:30 GMT, along with producer price inflation and followed by Michigan consumer sentiment report at 15:00 GMT. FOMC member Harker is scheduled to speak at 14:30 GMT.
