EUR/USD
EUR/USD recovered after posting a loss of 0.25% last Friday, as hostilities between Israel and Iran began, which boosted the Greenback’s appeal. Nevertheless, with both parties set to continue exchanging blows and a slightly diminished risk of turning into a regional conflict, an improvement in risk appetite underpins the shared currency.
GBP/USD
GBP/USD continues to churn chart paper on the high end of 40-month peaks, cycling the 1.3600 region as Cable traders enjoy a continued boost. Greenback flows continue to wither across the board on geopolitical headlines, keeping the Pound Sterling buoyed as dual central bank rate calls loom ahead.
USD/JPY
USD/JPY has come under modest selling pressure after the Bank of Japan (BoJ) left the policy rate unchanged at 0.5%, as widely expected. The BoJ slows the JGB taper plan from April 2026. The pair loses ground on the ‘Sell the fact’ trade. Governor Ueda’s presser eyed.
AUD/USD
AUD/USD sustains the overnight late pullback from a fresh YTD peak as rising geopolitical tensions keep investors on the edge and offer some support to the US Dollar. Trade-related uncertainties also undermine the Aussie. However, Fed rate cut bets could cap any meaningful USD appreciation and limit losses for the pair.
NZD/USD
NZD/USD extends its gains for the second successive session, trading around 0.6060 during the Asian hours on Tuesday. However, the pair moved little after the Food Price Index data was released by Statistics New Zealand.
USD/CAD
The USD/CAD pair recovers some lost ground to around 1.3580 during the early Asian session on Tuesday. The US Dollar strengthens against the Canadian Dollar (CAD) as investors monitor the conflict between Israel and Iran for signs it could escalate into a broader regional conflict.
USD/CHF
The Swiss Franc (CHF) is holding steady against the US Dollar (USD) on Tuesday, even as the US Dollar Index (DXY) slips back below 98.00, with traders brace for a relatively calm start to a week full of central bank decisions and the context of an escalating war between Israel and Iran..
CRUDE OIL
Oil prices climbed on Tuesday on concerns the Iran-Israel conflict may intensify, raising the risk of further unrest and the potential disruption of oil supply from the key Middle East producing region.
Gold price is reversing a part of the previous pullback from two-month highs, looking to regain $3,400 in Asian trades on Tuesday. Renewed concerns over the Israel and Iran conflict and trade updates continue to drive the sentiment around the safe-haven US Dollar.
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