ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
South Korea Central Bank Set to Raise Interest Rates as Inflation Stays Elevated 
Dollar Eases as Middle East Conflict, Fed Outlook and Japan Pension Policy Drive FX Markets 
Australia Consumer Sentiment Rises in July as Fuel Price Relief Lifts Confidence 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
The German bunds eased gains Monday after the eurozone’s retail sales for the month of November beat market expectations, also reversing losses incurred during the month of October. Also, investors are awaiting the country’s industrial production, trade balance and unemployment rate data for November, due to be released on January 9 by 07:00GMT and 10:00GMT respectively.
The German 10-year bond yields, which move inversely to its price, fell nearly 1-1/2 basis points to 0.42 percent, the yield on 30-year note slid nearly 1 basis point to 1.26 percent and the yield on short-term 2-year traded nearly flat at -0.62 percent by 10:10GMT.
In November 2017 compared with October 2017, the seasonally adjusted volume of retail trade increased by 1.5 percent in both the euro area (EA19) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In October, the retail trade volume fell by 1.1 percent in the euro area and by 0.6 percent in the EU28. In November 2017 compared with November 2016, the calendar adjusted retail sales index increased by 2.8 percent in the euro area and by 2.7 percent in the EU28.
The 1.5 percent m/m increase in the volume of retail trade in the euro area in November 2017, compared with October 2017, is due to rises of 2.3 percent for non-food products, of 1.2 percent for “Food, drinks and tobacco” and of 0.3 percent for automotive fuel. In the EU28, the 1.5 percent increase in the volume of retail trade is due to rises of 2.1 percent for non-food products, of 1.2 percent for “Food, drinks and tobacco” and of 0.3 percent for automotive fuel.
Meanwhile, the German DAX rose 0.36 percent to 13,369.50 by 10:15 GMT, while at 10:00GMT, the FxWirePro's Hourly Euro Strength Index remained slightly bearish at -97.43 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
Lastly, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
