Foreign Exchange Market Update

April 10, 2026

United States

Consumer prices in the United States increased in March, according to a report released by the Labor Department on Friday. The Labor Department said its consumer price index (CPI) jumped by 0.9% in March after rising by 0.3% in February, and the annual rate of growth in consumer prices accelerated to 3.3% in March from 2.4% in February.

The notable monthly increase in consumer prices largely reflected a spike in energy prices, which soared by 10.9% amid the war in the Middle East. Gasoline prices skyrocketed by 21.2%. Energy prices were up by 12.5% compared to the same month a year ago, with gasoline prices up by 18.9%. Excluding food and energy prices, core consumer prices rose by 0.2 in March, matching the uptick seen in February. The annual rate of growth by core consumer prices ticked up to 2.6% in March from 2.5% in February.

The modest monthly increase in core consumer prices partly reflected a continued surge in apparel prices, which rose 1.0% in March after jumping 1.3% in February. Prices for airline fares, household furnishings and operations, and education also grew, while prices for medical care, personal care, and used cars and trucks decreased. 04/10/2026 - 09:35:00 (RTTNews)

New orders for U.S. manufactured goods remained flat for the second straight month in February, factory orders were unchanged in February, while factory orders were also unchanged in January. Factory orders came in flat during the month as a 1.5% surge in orders for non-durable goods offset a 1.3% slump in orders for durable goods.

Meanwhile, shipments of manufactured goods shot up by 1.4% in February after increasing by 0.7% in January. Inventories of manufactured goods also crept up by 0.1% in February, matching the uptick seen in the previous month. With shipments jumping by much more than inventories, the inventories-to-shipments ratio fell to 1.53 in February from 1.55 in January. 04/10/2026 - 10:51:00 (RTTNews)

Eurozone

Euro traded at 1.1730 against USD at 9:00 AM PST

Germany's consumer price inflation reached its strongest since January 2024 due to the significant rise in energy prices following the war in Iran. Consumer price inflation rose to 2.7% in March from 1.9% in February, which was the highest level recorded since January 2024.

The significant increase in the prices of energy products is driving up inflation; in particular, motor fuel and heating oil prices have risen sharply for consumers since the start of the Iran war. Consumer prices increased 1.1% in March from the prior month and followed 0.2% rise.

E.U. harmonized inflation advanced to 2.8% from 2.0% in February. Month-on-month, the harmonized index of consumer prices (HICP) moved up 1.2%, following February's 0.4% rise. Energy prices surged 7.2% in March from last year, marking the first annual growth since December 2023. At the same time, food prices were up only 0.9%. Excluding food and energy, core inflation was unchanged at 2.5% in March. 04/10/2026 - 03:02:00 (RTTNews)

Italy's industrial production recovered in February, driven by the increase in capital goods output. Industrial production rose 0.5% year-on-year in February, in contrast to the 0.6% fall in the previous month. Unadjusted industrial production also grew 0.5% from last year.

Production of capital goods registered an annual growth of 4.4%. Intermediate goods rose only 0.1%. Meanwhile, consumer goods output dropped 2.1% each. On a monthly basis, industrial production moved up 0.1% from a fall of 0.6% in January. During the December-January period, output dropped 0.4% from the previous three months. 04/10/2026 - 06:45:00 (RTTNews)

China Inflation Slows; Producer Prices Rise for First Time Since 2022

China's consumer price inflation moderated in March as demand weakened, typically after the Lunar New Year holiday, while producer prices exited deflation for the first time since 2022 as the Middle East conflict pushed up oil prices. Consumer prices rose 1.0% year-on-year in March. This was slower than the 1.3% growth seen in February.

Food prices grew only 0.3% due to an 11.5% decline in pork prices. Core inflation, which excludes volatile food and energy prices, increased 1.1% from the previous year. On a monthly basis, consumer prices declined 0.7%, in contrast to the 1.0% increase in the previous month. Producer prices increased 0.5% in March from the previous year, marking the first increase since September 2022. 04/10/2026 - 01:25:00 (RTTNews)