Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau speaking at a business conference in Frankfurt said that the ECB should continue pursuing accommodative monetary policies, even as inflation is moving towards its target.
Villeroy noted that the ECB policy is working and making progress towards its objective. He said that the ECB has warded off "the mortal danger of deflation" and expressed confidence that eurozone headline and core inflation will converge, be close to target in 2019.
As inflation is rising sharply on the back of rebounding energy costs, the ECB is increasing facing pressure to tighten policy. There is a split between the doves and hawks and ECB policy will evolve based on economic circumstances, Villeroy said. It is clearly not yet time for the ECB to stop pursuing accommodative monetary policies, he added.
Meanwhile data from the eurozone today showed worse-than expected current account data, which came in at EUR 24.1bln in Jan versus previously revised EUR 30.8bln and EUR 29.3bln expected.
