Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
The U.S. Treasuries suffered Tuesday as investors wait to watch the 5-year auction, scheduled to be held on April 26. Also, markets are keen to watch the country’s President Donald Trump’s tax plan, expected to be unveiled on April 26 for further direction in the debt market.
The yield on the benchmark 10-year Treasury jumped nearly 3 basis points to 2.30 percent, the super-long 30-year bond yields also surged almost 3 basis points to 2.95 percent and the yield on short-term 2-year note traded over 2 basis points higher to 1.25 percent by 11:50GMT.
In FX markets, the USD was little changed against most of its major peers with investors awaiting an outline of Donald Trump’s tax plan, expected on Wednesday. Elsewhere, the CAD was among the main underperformers on news that the United States administration will impose an average 20 percent tariff on Canadian softwood lumber imports.
Financial markets were little changed as the ongoing risk-off movement which has been present during the past week on the back of geopolitical tensions started to fade, judging by the performance of sensitive assets: safe-haven assets continued to inch down and risk asset prices increased today.
Lastly, expectations of U.S. reflationary policies continued to cool, as reflected in the USD, which depreciated once again today, as investors worried about a significant delay in promised US tax reforms. A weaker USD led EM currencies to appreciate across the board.
Meanwhile, the S&P 500 Futures traded 0.8ercent higher at 2,374.25 by 11:50GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -5.17 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
