Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
The U.S. Treasuries surged on global demand for safe-haven instruments and as investors await the Federal Open Market Committee (FOMC) members Dudley, Evans and Kashkari’s speech, scheduled to be held today by 12:30GMT, 16:40GMT and 22:30GMT respectively.
The yield on the benchmark 10-year Treasury fell 1-1/2 basis points to 2.24 percent, the super-long 30-year bond yields also suffered by 1-1/2 basis points to 2.79 percent and the yield on short-term 2-year note traded flat at 1.44 percent by 12:25GMT.
Angela Merkel won a fourth term as German chancellor in Sunday’s federal election, in line with expectations. Yet, Angela Markel’s CDU/CSU alliance secured just 33% of the vote, the second-lowest since 1948 and below c. 36% recent opinion polls suggested. The SDP took 20.5% , its worst performance ever with Martin Schultz announcing that his party will go into opposition, presumably in an attempt to rebuild its credibility.
The so-called ‘Jamaica’ coalition seems to be the most likely scenario consisting of CDU/CSU, FDP and the Greens. In reaction to the German election outcome, the EUR came under some pressure and EMU sovereign debt spreads undertook some widening on the view that the FDP, a potential coalition partner in the new German government, is firmly against any further EU integration. Looking at this week’s calendar, focus is on a numerous Fed and ECB speakers including ECB President Mario Draghi on Monday and Fed Chair Janet Yellen on Tuesday. On the data front, inflation data from the euro area and the US both on Friday, lure market attention.
Meanwhile, the S&P 500 Futures traded 0.06 percent lower at 2,498.12 by 12:30GMT, while at 12:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bullish at 95.86 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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