The EUR/GBP cross trades on a flat note around 0.8720 during the early European session on Tuesday. Traders will take more cues from the Eurozone Retail Sales and German inflation data, which are due later this week.
The AUD/USD pair trades in a tight range around 0.6900 during the early European trading session on Tuesday.
The USD/CHF pair gathers strength near 0.7990 during the early European trading hours on Tuesday. The Greenback edges higher against the Swiss Franc (CHF) on a widening monetary policy divergence between the US Federal Reserve (Fed) and the Swiss National Bank (SNB).
The European Central Bank (ECB) policymaker, Dimitar Radev said on Tuesday that it is too early to say if rate hike at the April policy meeting is needed.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – catches fresh bids during the Asian session on Tuesday and climbs back closer to a nearly four-week high set the previous day.
Japan Leading Economic Index came in at 112.4, above expectations (112.3) in February
Japan Coincident Index down to 116.3 in February from previous 117.9
AUD/JPY holds ground after posting gains in the previous trading day, hovering around 110.50 during the Asian hours on Tuesday. The currency cross remains in the positive territory as the Japanese Yen (JPY) weakens amid uncertainty surrounding the Bank of Japan’s (BoJ) policy stance.
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
The EUR/JPY cross holds steady near 184.35 during the early European session on Tuesday. However, the potential upside for the cross might be limited as ongoing tensions between the United States (US) and Iran could boost a safe-haven currency such as the Japanese Yen (JPY).
USD/CNH gains ground after registering modest losses in the previous session, trading around 6.8800 during the Asian hours on Tuesday.
Asian equity markets opened mixed on Tuesday, tracking US stock index futures, as investors remain cautious ahead of US President Donald Trump's deadline for Iran to reopen the Strait of Hormuz.
