West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $95.70 during the early Asian trading hours on Tuesday. The WTI price edges higher amid renewed geopolitical tensions in the Middle East.
Australia National Australia Bank's Business Conditions: 3 (April) vs previous 6
The NZD/USD pair struggles to capitalize on the previous day's move higher and meets with a fresh supply during the Asian session on Tuesday amid a modest US Dollar (USD) uptick.
Australia National Australia Bank's Business Confidence rose from previous -29 to -24 in April
Japan’s Finance Minister Satsuki Katayama said that Japan and the United States (US) reaffirmed their close cooperation on currency moves after a meeting with US Treasury Secretary Scott Bessent, Reuters reported on Tuesday.
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.8426 compared to the previous day's fix of 6.8467 and 6.7945 Reuters estimate.
AUD/USD loses ground after two days of gains, trading around 0.7240 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates that the pair is moving upwards within the ascending channel, suggesting an ongoing bullish bias.
The USD/JPY pair attracts some buyers for the second straight day and advances to a four-day high following the disappointing release of Japan's Household Spending data this Tuesday.
Japan JP Foreign Reserves down to $1B in April from previous $1374.7B
The Bank of Japan (BoJ) published the Summary of Opinions from the April monetary policy meeting, with the key findings noted below.
The EUR/USD pair loses ground to near 1.1775 during the early Asian session on Tuesday. The Euro (EUR) softens against the US Dollar (USD) as traders turn cautious ahead of the US April inflation report and ongoing geopolitical tensions in the Middle East.
US President Donald Trump has grown increasingly frustrated with how the Iranians are handling talks to end the conflict, and some Trump aides say that he is now more seriously considering a resumption of major combat operations than he has in recent weeks, CNN reported on Monday.
