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The EUR/GBP cross holds steady near 0.8635 during the early European session on Tuesday. Traders prefer to wait on the sidelines ahead of the European Central Bank (ECB) and the Bank of England (BoE) interest rate decisions later on Thursday. Also, the UK employment report will be released. 

The USD/JPY pair attracts some dip-buying during the Asian session on Tuesday and stalls its modest pullback from the 159.75 area, or the highest level since July 2024, retested the previous day.

The EUR/USD pair trades in negative territory around 1.1490 during the early European session on Tuesday.

The GBP/JPY pair edges up to near 212.00 during the early European trading session on Tuesday.

EUR/JPY extends its gains for the second successive session, trading around 183.10 during the Asian hours on Tuesday. The currency cross appreciates as the Japanese Yen (JPY) struggles amid the BoJ's widely expected to keep interest rates unchanged at 0.75% on Thursday.

West Texas Intermediate (WTI) Crude Oil prices regain some positive traction during the Asian session on Tuesday and recover a part of the previous day's retracement slide from the vicinity of the $100.00 psychological mark.

The AUD/NZD cross trims a part of its intraday gains to the 1.2120 area, or the highest level since May 2013, following the key Reserve Bank of Australia (RBA) rate decision, though it lacks follow-through selling.

Gold (XAU/USD) edges higher during the Asian session on Tuesday, though it lacks follow-through and remains close to an over three-week low, touched the previous day.

Gold prices rose in India on Tuesday, according to data compiled by FXStreet.

Reserve Bank of Australia (RBA) Governor Michele Bullock is addressing the press conference, explaining the reasons behind raising the benchmark interest rate by 25 basis points (bps) to 4.10% after the March monetary policy meeting.