Foreign Exchange Market Update

April 14, 2026

United States Producer Prices Increase 0.5% in March

A report released by the Labor Department on Tuesday showed producer prices in the U.S. increased in March, and its producer price index (CPI) for final demand climbed by 0.5% in March. The report also said the annual rate of growth by producer prices accelerated to 4.0% in March from 3.4% in February.

The monthly increase in producer prices largely reflected a spike in energy prices, which soared by 8.5% in March after jumping by 2.1% in February. Meanwhile, the Labor Department said food prices dipped by 0.3% in March after surging by 2.4% in the previous month.

The report also said prices for services came in unchanged in March, with a 0.3% decrease in prices for trade services offsetting a 1.3% jump in prices for transportation and warehousing services and a 0.1% uptick in prices for other services.

Core producer prices, which exclude prices for food, energy, and trade services, rose by 0.2% in March after climbing by 0.5% in February. The annual rate of growth by core producer prices ticked up to 3.6% in March from 3.5% in the previous month.

A separate report released by the Labor Department last Friday showed consumer prices in the U.S. increased in March. The Labor Department said its consumer price index jumped by 0.9% in March after rising by 0.3% in February.

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 consumer prices accelerated to 3.3% in March from 2.4% in February, while the annual rate of growth by core consumer prices ticked up to 2.6% in March from 2.5% in February. 04/14/2026 - 10:14:00 (RTTNews)

Eurozone

Euro traded at 1.1800 against USD at 9:00 AM PST 

Spain's inflation accelerated at the fastest pace since mid-2024 in March. Consumer price inflation rose to 3.4% in March from 2.3% in February. A similar higher rate was last reported in June 2024. On a monthly basis, consumer prices gained 1.2%, following a 0.4% rise seen a month ago.

E.U. harmonized inflation advanced to 3.4% in March, exceeding February's increase of 2.5%. The harmonized index of consumer prices (HICP) climbed 1.7% from a month ago, when it was up 0.4%. 04/14/2026 - 08:04:00 (RTTNews)

German wholesale prices increased at the fastest pace in more than three years in March, largely due to higher prices of energy and raw materials amid the war in the Middle East. Wholesale prices grew 4.1% year-on-year in March, much faster than the 1.2% rise seen in February.

The 4.1% growth was the strongest since February 2023, when prices moved up 9.5%. The significant price increase registered in March 2026 was largely attributable to the conflict in Iran and the Middle East, which resulted in higher wholesale prices of energy products and raw materials.

Wholesale prices of mineral oil products advanced 17.8%, and those of non-ferrous ores, non-ferrous metals, and non-ferrous semi-finished metal products surged 48.4% in March. Monthly, wholesale prices marked an increase of 2.7% in March. 04/14/2026 - 06:03:00 (RTTNews)

Singapore Central Bank Tightens Policy

Singapore central bank tightened its monetary policy on Tuesday as the escalating Middle East conflict drove sharp increases in energy prices. The Monetary Authority of Singapore (MAS) decided to increase the rate of appreciation of the S$NEER policy band. There will be no change in its width and the level at which it is centered.

Due to the Middle East conflict, prices of imported goods and services are forecast to climb in the quarters ahead. Consequently, MAS core inflation will pick up and remain elevated over the next few quarters, the bank said. The bank raised its core inflation and CPI inflation to 1.5-2.5% from the previous range of 1.0% -2.0%.

Earlier in the day, the Ministry of Trade and Industry (MTI) reported that the city-state economy grew at a slower pace of 4.6% in the first quarter, a slowdown from 5.7% in the preceding period.  On a quarter-on-quarter basis, the economy contracted 0.3% from the 1.3% expansion in the fourth quarter. 04/14/2026 - 04:04:00 (RTTNews)