Oil Prices Fall as Saudi Supply Improves, Middle East Fears Ease 
BOJ Set for 25-Basis-Point Rate Hike as Yen Weakness Fuels Inflation 
Oil Prices Fall as Saudi Supply Concerns Ease 
East Germany Narrows Economic Gap With West but Wealth Divide Persists 
Gold Prices Rise as Oil and Treasury Yields Fall 
Asian Currencies Mixed as Dollar Holds Gains After Fed Rate Hike 
Asian Stocks Rise as Oil Falls, BOJ Rate Decision in Focus 
Asian Currencies Mixed as Dollar Hits Seven-Week High After Fed Hike 
South Korea Producer Prices Rise 0.2% in August 
European Stocks Rally After Fed Hike, Iran Peace Hopes 
Iran Economic Crisis Forces Afghan Families to Return Home 
Venezuela Nears Deal to Move $4 Billion in Gold to New York Fed 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
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German Finance Minister Wolfgang Schaeuble in its latest speech called on the bank to unwind ‘ultra-expansionary policy’ in 2017. While the bloc’s inflation quickened to a three-year high of 1.1 percent y/y in December 2016, Germany’s gauge accelerated to 1.7 percent y/y. Bundesbank cautioned that inflation could reach 2 percent in January 2017, given the firm growth momentum.
ECB President Mario Draghi at the central bank's January meeting repeatedly pointed out that he and his colleagues were particularly keen to ensure that the rise in inflation was “sustainable”. Without a rise in core inflation from current levels just below 1 percent the ECB will have to stick to its ultra-expansionary monetary policy.
Meanwhile, forward Eonia bank-to-bank rates dated for the ECB meeting on Jan. 25, 2018 have risen to around minus 0.30 percent, some 5 basis points above the overnight rate of minus 0.35 percent. According to analysts this gap suggests markets are pricing in around a 50 percent chance of a 10 basis point hike in the ECB's minus 0.40 percent deposit rate by next January.
