Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures 
Bank of Korea Nominee Shin Hyun-song Signals Possible Rate Hike Amid Middle East Inflation Fears 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
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 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
RBI Holds Interest Rates Steady Amid Middle East Tensions and Global Uncertainty 
In the start of the New Year, Canadian dollar touched new multi year low against US dollar.
- Currently pair is supported above 1.4200 levels and trading at 1.4233 levels.
- Likewise Canadian dollar, UK pound also depreciated and supported just above 1.4500 handle. Pair is currently trading at 1.4528 levels.
- However, the empty macro calendar in China offered some relief, and stock markets extended their slide at a slower pace, while the energy sector led the bearish run.
- According to the latest data, crude oil sank to the fresh twelve-year low at $31.07 per barrel amid a supply glut and weaker demand from slowing China.
- Later today, the Bank of Japan Governor will speak in Paris in a panel discussion called Monetary Policy, Financial Stability and the Zero Lower Bound, along with the Bank of England Governor Mark Carney. It will give further directions to the respective pair.
