Commerzbank’s Tatha Ghose notes that updated Polish CPI data confirm disinflation, with core inflation at 2.5% year-on-year, in line with the central bank of Poland, Narodowy Bank Polski (NBP) target.
Commerzbank’s Tatha Ghose notes that updated Polish CPI data confirm disinflation, with core inflation at 2.5% year-on-year, in line with the central bank of Poland, Narodowy Bank Polski (NBP) target.
Societe Generale strategists Michael Haigh, Ben Hoff and Jeremy Sellem, highlights rapidly falling Oil flows through the Strait of Hormuz and accelerating shut‑ins.
The Pound Sterling (GBP) trades lower against its major currency peers, except the New Zealand Dollar (NZD), is down 0.27% to near 1.3280 against the US Dollar during the European trading session on Tuesday.
According to UOB’s Senior Technical Strategist Quek Ser Leang, GBP/USD’s sharp rebound from 1.3226 to 1.3340 looks like short-covering rather than a trend change. The pair is expected to range between 1.3250 and 1.3350 intraday.
TD Securities strategists Prashant Newnaha and Alex Loo note the RBA lifted the cash rate by 25 bps to 4.10% in a narrow 5-4 decision, driven mainly by elevated domestic inflation and excess demand.
Commerzbank’s Antje Praefcke notes that the Dollar has benefited from safe-haven demand as the war in the Middle East weighs on sentiment, pushing EUR/USD below 1.15.
Silver price (XAG/USD) remains subdued after registering modest gains in the previous session, trading around $80.80 per troy ounce during the early European hours on Tuesday.
Danske Bank’s Danske Research Team underlines that conflict in the Middle East has intensified, with Iran targeting Oil and gas infrastructure in the UAE and elsewhere.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts some dip-buyers following the previous day's pullback from its highest level since May 2025.
The NZD/USD pair attracts some sellers to around 0.5820 during the early European trading hours on Tuesday. The US Dollar (USD) edges higher against the Kiwi as traders weigh developments in the Iran war.