Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
According to data released today, inflation has picked up a further pace in January according to preliminary readings from different regions in Germany. German region of Saxony reported inflation of 2.3 percent, while inflation in Bavaria and Brandenburg remain unchanged at 1.7 percent. Inflation in Hesse rose to 2.4 percent in January from 1.9 percent in December. The country level reading will be published at 13:00 GMT, today. As of now, the policymakers at the European Central Bank (ECB) not convinced that the recent rise would be sustainable.
Nevertheless, the rise in inflation globally and the election of Donald Trump have prompted investors to reduce their exposures to the fixed income, pushing yields higher. The negative rates universe (bonds trading at negative yields) shrank by almost $4 trillion in past four months and currently at $9.6 trillion. Largely, the Japanese and the Eurozone sovereign bonds make up the most of these negative yielding instruments. According to the data from Tradeweb, $514 million worth of Euro-denominated corporate bonds are trading at a negative yield, down more than $400 million from September last year.
