USD: Inflation data and energy pressures – Rabobank
Rabobank strategists note that US stocks have risen even as the Hormuz crisis threatens higher energy costs.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $77.89 per troy ounce, up 3.00% from the $75.62 it cost on Monday.
AUD: Diesel supply risks and export exposure – Commerzbank
Commerzbank’s Volkmar Baur highlights Australia’s growing dependence on imported diesel, with around 87% of demand met by imports in 2025.
EUR/USD: Resilience near pre-war highs – Societe Generale
Societe Generale strategists note EUR/USD has squeezed through 1.1750 and is approaching its pre-conflict level of 1.18, with support at 1.1673 and resistance at 1.1830.
JPY: April hike risk and policy lag – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong highlight that Japanese Yen underperformed despite a softer US Dollar, as muted BoJ communication left it isolated. Markets have pared April BoJ hike expectations, yet OCBC still sees an April rate hike as likely.
EUR/GBP Price Forecasts: Treads water at 0.8700, awaiting Bailey and Lagarde
The Euro (EUR) keeps trading sideways around 0.8700 against the British Pound GBP) on Tuesday.
EUR/CAD treads water above 1.6200 ahead of ECB’s Lagarde speech
EUR/CAD remains flat after registering little losses in the previous day, trading around 1.6220 during the European hours on Tuesday.
Spain 9-Month Letras Auction rose from previous 2.164% to 2.461%
Spain 9-Month Letras Auction rose from previous 2.164% to 2.461%
Spain 3-Month Letras Auction increased to 2.111% from previous 1.964%
Spain 3-Month Letras Auction increased to 2.111% from previous 1.964%
Pound Sterling gains against US Dollar as Iran optimism prompts risk-on mood
The Pound Sterling (GBP) outperforms the US Dollar (USD), while trading mixed against other currency peers, during the European trading session on Tuesday.
EUR/HUF: Post-election rally and range view – ING
ING’s Frantisek Taborsky reports a strong post-election rally in Hungarian rates, especially at the long end, with FX appreciation slower than expected, suggesting heavy pre-election positioning.
ECB’s Rehn: Middle East war raises inflation risks, medium-term impact remains uncertain
European Central Bank (ECB) Governing Council member Olli Rehn said that the damage inflicted on energy production infrastructure in the Middle East could have lasting consequences, even after the most intense phase of the conflict ends.