The NZD/USD pair meets with a fresh supply during the Asian session on Tuesday and erodes a part of the previous day's solid recovery from the vicinity of a one-month low, touched last week.
The NZD/USD pair meets with a fresh supply during the Asian session on Tuesday and erodes a part of the previous day's solid recovery from the vicinity of a one-month low, touched last week.
The USD/CAD pair posts modest losses around 1.3685 during the Asian trading hours on Tuesday. The ongoing conflict in the Middle East provides some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).
The EUR/USD pair struggles to capitalize on the previous day's goodish recovery move from the 1.1415-1.1410 area, or from the vicinity of the lowest level since July 2025, and edges lower during the Asian session on Tuesday.
The Reserve Bank of Australia (RBA) is set to deliver another 25 basis points (bps) interest rate hike following its March monetary policy meeting on Tuesday, lifting the Official Cash Rate (OCR) to 4.10% from 3.85%.
Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday that underlying inflation gradually accelerating toward our 2% target. Ueda added that central bank will guide monetary policy appropriately to stably and durably achieve the inflation target.
Japan’s Finance Minister Satsuki Katayama said on Tuesday that there is high volatility in financial markets, adding that she will respond against volatility in financial markets including foreign exchange.
US President Donald Trump said that the US has asked to delay his planned meeting with Chinese President Xi Jinping in Beijing by “a month or so” due to the ongoing war with Iran, CNBC reported on Monday.
Iran’s Foreign Minister, Abbas Araghchi, on Monday said his last contact with US envoy Steve Witkoff occurred before the US military strike on Iran on February 28.
TD Securities’ Alex Loo notes China’s economy started 2026 strongly, with upside surprises in Industrial Production, Exports and a rebound in Fixed-Asset Investment driven by quasi-fiscal policy.
Gold price (XAU/USD) trades with mild losses near $5,000 during the early Asian session on Tuesday. The precious metal extends the decline as hopes fade for the US Federal Reserve (Fed) to lower interest rates this year. All eyes will be on the Fed interest rate decision later on Wednesday.