TD Securities analysts highlight a hawkish shift from the Reserve Bank of Australia (RBA) after Deputy Governor Hauser signaled limited confidence that current policy is sufficient to return inflation to target.
The Australian Dollar (AUD) appreciated for the second consecutive day against the US Dollar (USD) on Tuesday, reaching four-week highs above 0.7120 at the time of writing and drawing closer to the 2026 high at 0.7187.
Rabobank analysts flag that final March CPI across the Eurozone will refine how the Hormuz-driven energy shock feeds into Euro-area inflation.
The NZD/USD pair trades 0.5% higher to near 0.5900 during the European trading session on Tuesday. The Kiwi pair strengthens as the New Zealand Dollar (NZD) outperforms its peers amid risk-on market sentiment.
Brown Brothers Harriman’s (BBH) Elias Haddad notes that global risk sentiment has improved as US–Iran diplomacy keeps a ceasefire in place, pushing Brent lower and the US Dollar (USD) softer.
Gold (XAU/USD) is showing a moderate bullish tone for the second consecutive day on Tuesday, with price action approaching the $4,800 level after bouncing from one-week lows at $4,664 on Monday.
The United States (US) Producer Price Index (PPI) data for March is scheduled to be published today at 12:30 GMT.
Germany 5-y Note Auction up to 2.74% from previous 2.72%
OCBC strategists Sim Moh Siong and Christopher Wong note Gold steadied after an early stumble and remains underpinned by unresolved geopolitical risks and structural demand.
United States NFIB Business Optimism Index came in at 95.8, below expectations (98.6) in March
Deutsche Bank analysts note that Brent Oil has retreated below $100 as hopes grow for a US–Iran deal, easing fears of a stagflationary shock.
ING strategist Francesco Pesole notes that Bank of England Governor Andrew Bailey and hawkish MPC members Catherine Mann and Megan Greene speak today, with Greene recently sounding more balanced.
