The United States has released its inflation data (Consumer Price Index/CPI), which significantly impacts financial market movements as seen in the trading session on Thursday (April 10, 2025).
For the month of March, the CPI reported a year-on-year (YoY) increase of 2.4%, which was lower than the forecast by Trading Central, which predicted a 2.5% YoY rise. Meanwhile, the core CPI, excluding food and beverage prices, grew by 2.8%, also falling short of the forecasted 3%.
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At the same time, claims for unemployment benefits in the US for the week ending April 5 were reported at 223,000, which is lower than the expected 226,000 claims but an increase from the previous week’s 219,000 filings.
Following the release of this data, gold prices surged to approximately $3,133 per troy ounce. The US dollar came under pressure after the data release, as indicated by the EURUSD rising to 1.11310, with GBPUSD also increasing to 1.29566. Conversely, USDJPY tumbled to 144.867.
In addition to the data release, the sentiment surrounding the trade war continues to affect financial market dynamics. As previously noted, US President Donald Trump has postponed the reciprocal tariff policy by 90 days, resulting in a drop in import tariffs for countries that were previously subjected to high tariffs to now just 10%.
While Trump’s delay in implementing the reciprocal policy applies to countries deemed to “respect” US policies, tariffs on China were raised to 125%, up from 104%. This increase came after China announced a rise in tariffs on products imported from the United States to 84%. Such developments indicate a growing tension in the trade war between the two nations, leading to heightened volatility in the financial markets.
