The dollar exhibits a subdued tone, trading within narrow margins against G10 currencies. Its pre-US jobs data rally was modest, failing to sustain momentum despite an increase in US yields.
Most major Asia Pacific equity markets experienced gains, while Europe's Stoxx 600, although up by almost 0.5% yesterday, is currently trading with a slight decline. US index futures show marginal strength.
Meanwhile, gold continues its upward trajectory, hitting a new record high today at just over $2365.35. May WTI, after a robust recovery from around $84.70 to close near $86.60 yesterday, struggles to maintain upward momentum and stalls around $87 today.

Asia Pacific markets
The Reserve Bank of New Zealand convenes tomorrow with no expectation of a cut in the 5.5% overnight target rate, despite recent disappointing economic data.

The first state visit by a Japanese prime minister to the US in nine years is underway. The dollar remains steady within a range of roughly JPY151.75-JPY151.95, while the Australian dollar trades exceptionally narrowly around $0.6600-$0.6625.

European markets
Key events later in the week include the ECB meeting on Thursday and the UK's February monthly GDP print on Friday. Despite robust US jobs data and rising yields, both the euro and sterling settled higher yesterday. They continue trading within established ranges today.

American markets
Focus shifts to the US March CPI due tomorrow, with an expected month-over-month decrease to 0.3% from February's 0.4% (both headline and core).

The Bank of Canada also meets tomorrow, with no economists surveyed by Bloomberg anticipating a cut, and the swaps market reflecting less than a 20% probability of such an action.