The USD/JPY pair attracts fresh sellers following a modest Asian session uptick to the 160.00 neighborhood on Tuesday, though it manages to hold above the previous day's swing low.
AUD/JPY remains steady after registering losses in the previous trading day, hovering around 109.70 during the Asian hours on Tuesday. The currency cross could weaken as the Australian Dollar (AUD) holds losses following the release of China’s NBS Purchasing Managers’ Index (PMI) data.
Silver price (XAG/USD) jumps 3% to near $73.00 in the Asian trading session on Tuesday.
The AUD/USD pair seesaws between tepid gains/minor losses during the Asian session on Tuesday and consolidates its recent losses registered over the past week or so, to its lowest level in over two months, touched the previous day.
The USD/CHF pair ticks lower to near 0.7985 during the Asian trading session on Tuesday, struggling to extend its five-day winning streak, as the US Dollar (USD) faces slight selling pressure on reports that United States (US) President Donald Trump is willing to make peace with Iran without forcing
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, retreated from its highest level since May 2025, touched during the Asian session this Tuesday, snapping a five-day winning streak.
USD/CAD remains stronger for the seventh consecutive day, trading around 1.3930 during the Asian hours on Tuesday. The pair holds ground as the commodity-linked Canadian Dollar (CAD) struggles amid lower oil prices, given Canada’s status of the largest crude exporter to the United States (US).
West Texas Intermediate (WTI), futures on NYMEX, plunges over 3% to near $98.00 during the Asian trading session on Tuesday.
Danske Bank analysts highlight that Japanese inflation is set to pick up on higher Oil prices and a weaker Japanese Yen (JPY), with markets already pricing a strong chance of an April Bank of Japan (BoJ) hike.
NZD/USD halts its five-day losing streak, trading around 0.5730 during the Asian hours on Tuesday. The pair remains stronger as the New Zealand Dollar (NZD) remains stronger following the release of China’s NBS Purchasing Managers’ Index (PMI) data.
Citing administration officials, the Wall Street Journal (WSJ) reported on Tuesday that US President Donald Trump told aides he is willing to end the US military campaign against Iran even if the Strait of Hormuz remains largely closed.
EUR/USD inches higher after five days of losses, trading around 1.1480 during the Asian hours on Tuesday.
