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- The DXY[1] Index is on pace for its fourth consecutive down day as trade tensions persist with China, geopolitical tensions with Russia and Syria jump. - The March US CPI and March FOMC[2] minutes may play second fiddle to the news wire today. - Sentiment for the US Dollar[3] remains negative as the new quarter gets under way. For longer-term technical and fundamental analysis, and to view DailyFX analysts’ top trading ideas for 2018, check out the DailyFX Trading Guides[4] page. Global financial markets are seeing a fresh wave of volatility entering Wednesday as trade tensions between China and the US have lingered, while the prospect of US military action against Syria have ratcheted higher. US President Trump took to Twitter this morning to warn Russia of incoming airstrikes on Syria for the Assad regime's suspected use of chemical weapons, resulting in a clear downshift in risk appetite.The US Dollar (via the DXY Index) is working on its fourth consecutive down day following the March US Nonfarm Payrolls report on Friday, with rate hike expectations for four hikes this year falling below 25%, per Fed funds futures. Two data releases that would otherwise grab market participants' attention could easily be lost in the fray of an active news wire this morning. Incoming US inflation data for March[5] will show that both measures of the US Consumer Price Index are now above the Federal Reserve’s medium-term target of +2%. Headline CPI is due in at +2.4% from +2.1%, and Core CPI is due in at +2.1% from +1.8% (y/y). Both of these readings would suggest that inflation is above expected rates

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currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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