Gold (XAU/USD) meets with a fresh supply during the Asian session on Tuesday and stalls the overnight recovery from a four-month low, around the $4,100 mark, representing a technically significant 200-day Simple Moving Average (SMA).
Gold (XAU/USD) meets with a fresh supply during the Asian session on Tuesday and stalls the overnight recovery from a four-month low, around the $4,100 mark, representing a technically significant 200-day Simple Moving Average (SMA).
USD/CHF has recovered its recent losses from the previous day, trading around 0.7880 during the Asian session on Tuesday. The pair gains ground as the US Dollar (USD) receives support amid rising geopolitical tensions.
AUD/JPY extends its losses for the second successive day, trading around 110.60 during the Asian hours on Tuesday. The currency cross weakens amid heightened risk aversion following a fresh wave of Israeli strikes on Tehran.
The EUR/JPY cross loses ground to near 183.85 during the early European session on Tuesday. The Japanese Yen (JPY) strengthens against the Euro (EUR) amid the ongoing conflict in the Middle East, which boosts safe-haven flows.
The GBP/USD pair faces selling pressure after registering modest gains in the previous day, trading near 1.3400 during the Asian session on Tuesday.
The Australian Dollar (AUD) trades lower against its major currency peers, trading 0.6% down to near 0.6760 during the Asian trading session on Tuesday.
The USD/JPY pair attracts some dip-buyers following the previous day's pullback of around 165 pips from the vicinity of its highest level since July 2024, and climbs to the 158.75-158.80 region during the Asian session on Tuesday.
The USD/CAD pair gathers strength to around 1.3750 during the Asian trading hours on Tuesday. Uncertainty and the ongoing US-Israel war on Iran continue to boost the US Dollar (USD) against the Canadian Dollar (CAD).
The USD/JPY pair holds positive ground near 158.55 during the early Asian session on Tuesday. The Japanese Yen (JPY) softens against the US Dollar (USD) after the cooler-than-expected inflation report.
Japan’s Finance Minister Satsuki Katayama said on Tuesday that she plans to compile a temporary budget for 11 days. Katayama further stated that the government will use 800 billion yen reserve funds to finance gasoline subsidies.