EUR/USD
EUR/USD tested into the high end on Monday, drifting briefly toward the 1.1300 handle before settling back slightly, although the pair still ended the day higher overall. However, Fiber remains trapped in a near-term consolidation zone.
GBP/USD
GBP/USD continues its upward momentum for the second consecutive session, hovering near 1.3360 during Asian trading hours on Tuesday. The Pound Sterling (GBP) is strengthening as the US Dollar (USD) softens in response to Moody’s Ratings downgrading the US credit rating from Aaa to Aa1.
USD/JPY
USD/JPY remains in the red, heading toward 144.50 in the Asian session on Tuesday. The pair fades the upswing after Japan’s Finance Minister Kato hinted at holding FX talks with US Treasury Secretary Bessent, which lifted the Japanese Yen.
AUD/USD
AUD/USD stays under heavy selling pressure and eyes 0.6400 in the Asian session on Tuesday. The RBA cut interest rate by 25 bps to 3.85% and trimmed inflation and growth forecast on US tariffs impact, as expected. The Aussie awaits Governor Bullock’s presser for fresh cues on policy.
NZD/USD
NZD/USD edges lower during Tuesday’s Asian session, trading around 0.5920 after climbing over 0.50% in the previous session. The pair remained under pressure following the People’s Bank of China’s (PBoC) latest interest rate decision.
USD/CAD
The USD/CAD pair softens to near 1.3950 during the early Asian session on Tuesday. The Greenback edges lower against the Canadian Dollar (CAD) on a surprise downgrade of the US government’s credit rating late on Friday and renewed trade tensions. Traders will keep an eye on the Canadian Consumer Price Index (CPI) inflation data, which is due later on Tuesday.
USD/CHF
The USD/CHF pair is trading 0.5% lower around 0.8330 during North American trading hours on Monday, reflecting a sharp drop in US Dollar sentiment after Moody’s downgraded the United States’ long-term credit rating from AAA to AA1. This marks a significant hit to the US Dollar’s perceived stability, further pressuring the Greenback amid ongoing fiscal challenges.
CRUDE OIL
Oil prices barely moved on Tuesday as traders weighed the impact on supply from a possible breakdown in U.S.-Iran talks on Tehran’s nuclear programme, strong front-month physical demand in Asia and a cautious outlook for China’s macroeconomy.
Gold price has returned to red early Tuesday, having failed to take out the $3,250 barrier once again. The downtick in Gold price could be linked to a tepid US Dollar recovery as traders await US trade talks and Fedspeak for a fresh directional impetus.
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