Gold (XAU/USD) shows moderate losses on Tuesday, trading a few pips below the $4,700 level at the time of writing after failing to find acceptance above $4,770 earlier on the day.
Brown Brothers Harriman (BBH) Elias Haddad notes that USD/JPY has rebounded toward 157.75 after testing 155.00, with 160.00 described as a key line in the sand.
USD/CHF trades around 0.7815 on Tuesday at the time of writing, up 0.46% on the day, supported by renewed demand for the US Dollar (USD) amid fresh geopolitical tensions in the Middle East.
The Indian Rupee (INR) slumps to a fresh all-time low against the US Dollar (USD) on Tuesday.
South Africa Manufacturing Production Index (YoY) up to 0.9% in March from previous -2.8%
TD Securities economists highlight that higher US Treasury yields followed headlines on Middle East tensions and upcoming supply, with attention now turning to April United States (US) Consumer Price Index (CPI).
United States NFIB Business Optimism Index below expectations (96.1) in April: Actual (95.9)
OCBC’s Christopher Wong highlights a strong Silver rally, up over 7% and breaking the 83–84 resistance zone in what looks like a cleaner technical breakout. He attributes the move to momentum, short-covering, structural tightness and positioning ahead of Trump–Xi talks.
GBP/USD falls to around 1.3530 on Tuesday at the time of writing, down 0.59% on the day, as renewed risk aversion supports the US Dollar (USD) against the British Pound (GBP).
ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner expect a 0.9% MoM United States (US) Consumer Price Index (CPI) print, above consensus, with core at 0.3% MoM.
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $84.29 per troy ounce, down 2.00% from the $86.01 it cost on Monday.
Following are the highlights of Australia's 2026/27 budget and the Treasury's key economic forecasts released on Tuesday, per Reuters.
