The Indian Rupee (INR) strives to regain ground against the US Dollar (USD) during afternoon trading hours in India on Tuesday, following an underperformance in the opening trade.
The Indian Rupee (INR) strives to regain ground against the US Dollar (USD) during afternoon trading hours in India on Tuesday, following an underperformance in the opening trade.
Danske Research Team notes softer Japanese data, with composite PMI slipping and core CPI falling below target for the first time in four years, largely due to fuel subsidies. Despite this, PMIs show rising input prices and a weak Japanese Yen.
Silver price (XAG/USD) recovers its early losses and turns positive to near $69.70 during the European trading session on Tuesday. The white metal bounces back strongly as the US Dollar (USD) surrenders its early gains.
Gold (XAU/USD) recovers its intraday losses and climbs back above the $4,400 mark, closer to the daily high during the early part of the European session on Tuesday.
The Japanese Yen (JPY) claws back its early losses against the US Dollar (USD), turning flat around 158.50 during the European trading session on Tuesday. The USD/JPY pair falls back as the US Dollar surrenders its early gains amid improving investors’ risk appetite.
Deutsche Bank strategists highlight sharp two-way moves in Brent Oil as conflicting signals emerge on potential US–Iran talks. Brent dropped back below $100 to ease inflation fears before rebounding above $103 as Iran denied negotiations and regional escalation risks resurfaced.
The AUD/USD pair tumbles to near 0.6980 during the early European session on Tuesday, pressured by escalating tensions in the Middle East. US President Donald Trump said on Monday that he will postpone his deadline for Iran to reopen the Strait of Hormuz by five days.
Danske Research Team reports a sharp rebound in global equities after US President Trump signalled negotiations and a five-day halt to strikes on Iranian energy assets. European indices reversed steep losses, while US benchmarks closed higher.
AUD/JPY extends its losses for the second successive session, trading around 111.00 during the early European hours on Tuesday. The technical analysis of the daily chart suggests a potential bearish reversal as the currency cross is testing the lower boundary of the ascending channel pattern.
Here is what you need to know on Tuesday, March 24: