FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
RBA Raises Cash Rate to 4.10% in Closest Vote Since Transparent Voting Began 
ANZ and Westpac Forecast Two RBA Rate Hikes in March and May 2026 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Bank of Japan Signals Rate Flexibility Amid Yen Volatility 
Bank of Japan Holds Rates Steady Amid Iran War Inflation Fears 
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
ECB's governing council member and Bundesbank Chief Jens Weidmann called for the central bank to prevent undue delays in hiking rates. In an interview in German WIWO, Weidmann noted that the central bank shouldn't leave it too late to hike rates.
The European Central Bank in an economic bulletin on Thursday said that Euro zone inflation will exceed 1 percent at the turn of the year, hitting a level not seen since late 2013, and global growth is picking up speed.
"The medium-term outlook for global activity remains one of strengthening growth, albeit below its pre-crisis pace. Overall, growth appears to be holding up in advanced economies and seems to have bottomed out in emerging market economies," - the ECB said.
EUR/USD remained unfazed by ECB Weidmann’s comments and extended its range-trade around 1.0450 levels, up +0.22 percent on the day at the time of writing.
FxWirePro's Hourly EUR Spot Index was at 91.776 (Bullish) at 1315 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
