Gold Prices Dip Amid Middle East Uncertainty and Inflation Fears 
Trump Suspends Iran Strikes for Two Weeks as Ceasefire Talks Begin 
China's Inflation Data Misses Forecasts as Consumer Prices Slow in March 
U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher 
U.S. Futures Slip as Iran Ceasefire Uncertainty and CPI Data Weigh on Markets 
Oil Prices Rise Amid Strait of Hormuz Tensions and U.S.-Iran Talks 
China's Factory-Gate Prices Rise for First Time in Over Three Years Amid Global Cost Pressures 
Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets 
White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets 
The U.S. Treasuries traded lower Wednesday, following expectations of a drop in the country’s initial jobless claims, scheduled to be released on June 8.
The yield on the benchmark 10-year Treasury slumped nearly 3 basis points to 2.15 percent, the super-long 30-year bond yields also plunged close to 3 basis points to 2.81 percent and the yield on short-term 2-year note traded 1-1/2 basis points lower at 1.29 percent by 10:50GMT.
Risk-off sentiment pushed government bond prices up and falling US bond yields weighed further on the US dollar, already pressured by intensified political uncertainty. Against this background, the USD fell to a 1-1/2 month low of 109.13 against the safe-haven JPY in European trade.
Former FBI Director James Comey is scheduled to testify before a Senate Committee on Thursday about an investigation into former National Security Advisor, the ECB Governing Council convenes on the same day and the UK holds snap general elections.
Meanwhile, the S&P 500 Futures traded flat at 2,431.25 by 11:10GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 33.22 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
