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The planned offering combining euro- and dollar-denominated bonds would test demand for high-grade debt since issuance ground to a halt earlier this week.

After minuscule job growth last year, companies hired more workers last month than in any month since July.

The combination of recent price data and geopolitics points to a steady undercurrent of inflation for U.S. producers.

The PPI increased 0.5%, the most since September, after a revised 0.4% increase in December.

"We are going to see more options around direct renminbi conversion into African currency. We also need to look at trading in African currencies [to] take off the pressure on the need for U.S. dollars."

In announcing the 10% rate, the president said, "Every single thing I said today is guaranteed certainty." The next day's post made clear he had decided that 10% was not enough.