U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher 
Oil Prices Rebound as Hormuz Disruptions and Middle East Tensions Rattle Markets 
China Set to Exit Deflation Cycle in Early 2026, ANZ Analysts Say 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
Colombia and Ecuador Trade War Escalates With Retaliatory Tariffs 
U.S.-Iran Ceasefire: Fragile Truce Raises Hopes for Strait of Hormuz Peace Deal 
Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions 
U.S. Futures Slip as Iran Ceasefire Uncertainty and CPI Data Weigh on Markets 
The U.S. Treasuries climbed Wednesday after President Donald Trump threw US diplomacy into fresh turmoil on Tuesday by firing his secretary of state, Rex Tillerson – said to have discovered his fate via Twitter – and promoting two officials condemned by human rights groups for endorsing or overseeing torture.
Also, investors are looking forward to watch the 30-year bond auction, due later today for detailed direction in the debt market.
The yield on the benchmark 10-year Treasuries fell 1 basis point to 2.83 percent, the super-long 30-year bond yields also slipped nearly 1 basis point to 3.08 percent and the yield on the short-term 2-year hovered around 2.25 percent by 11:00GMT.
In the US, the data focus today will be on February’s producer price and retail sales data. Most notably, a rebound in retail sales seems likely after poor weather weighed in January although a drop in sales of new motor vehicles is likely to constrain the headline number.
Meanwhile, the S&P 500 Futures rose 0.23 percent to 2,779.50 by 11:05GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bearish at -118.99 (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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