The NZD/USD pair attracts some sellers to around 0.5700 during the Asian trading hours on Tuesday. The US Dollar (USD) strengthens against the New Zealand Dollar (NZD) as heightened uncertainty in the Middle East boosts demand for a safe-haven currency.
USD/CAD edges higher after registering modest losses in the previous day, trading around 1.3930 during the Asian hours on Tuesday. The pair appreciates as the US Dollar (USD) gains ground amid increased risk aversion, which could be attributed to the Middle East peace truce uncertainty.
An advisor to Iran's Parliament Speaker Mohammad Bagher Ghalibaf said on Tuesday that US President Donald Trump has about 20 hours to either surrender to Iran, or his allies will return to the Paleolithic Age. The advisor emphasized that Iran will not back down.
The USD/JPY pair touches a one-week high during the Asian session on Tuesday, though it lacks follow-through and remains below the 160.00 psychological mark amid mixed fundamental cues.
New Zealand ANZ Commodity Price declined to 4.1% in March from previous 4.2%
Australia TD-MI Inflation Gauge (YoY) climbed from previous 3.6% to 4.3% in March
Australia ANZ Job Advertisements: -3.1% (March) vs previous 3.2%
On Tuesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8854 compared to last Friday's fix of 6.8929 and 6.8773 Reuters estimate.
AUD/USD steadies after registering modest gains in the previous trading day, hovering around 0.6920 during the Asian hours on Tuesday. The pair shows limited movement following the release of Australia’s S&P Global Purchasing Managers’ Index (PMI) data.
Australia TD-MI Inflation Gauge (MoM) increased to 1.3% in March from previous -0.2%
Silver (XAG/USD) extends its sideways consolidative price move for the second straight day and holds steady around the $73.00 mark during the Asian session on Tuesday.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $103.60 during the early Asian trading hours on Tuesday.
