EUR/USD
EUR/USD registers gains of over 0.20% on Monday amid worries of a possible government shutdown in the US, while data in the Eurozone, showed that sentiment improved but failed to propel the shared currency higher. At the time of writing, the pair trades at 1.1726 after hitting a daily low of 1.1701.
GBP/USD
GBP/USD stays silent after two days of gains, trading around 1.3440 during the Asian hours on Tuesday. The pair moves little ahead of the release of the United Kingdom’s (UK) Gross Domestic Product (GDP) data for the second quarter. The Office for National Statistics (ONS) is set to release Q2 UK GDP data at 06:00 GMT, with markets expecting steady growth of 0.3% quarter-over-quarter and 1.2% year-over-year.
USD/JPY
USD/JPY defends the 148.50 level and now appears to have stalled its retracement from a nearly two-month peak reached last Friday. The BoJ Summary of Opinions released this Tuesday adds to the rate-hike uncertainty, which, along with a positive risk tone, undermines the Japanese Yen and lends support to the pair.
AUD/USD
AUD/USD is consolidating gains below the 0.6600 mark in Tuesday’s Asian trading. The Aussie fails to benefit from the mostly upbeat China PMI data as traders opt to move to the sidelines ahead of the RBA policy decision. The RBA is widely expected to leave the key rate unchanged at 3.6% in September.
NZD/USD
The NZD/USD pair trims a part of its modest Asian session gains to the 0.5800 mark, though retains its positive bias for the third straight day on Tuesday and moves little following the release of official Chinese PMIs.
The National Bureau of Statistics (NBS) reported that China’s Manufacturing PMI rose from 49.4 in the previous month to 49.8 in September, beating market estimates for a reading of 49.6. This, to a larger extent, was offset by an unexpected fall in the Non-Manufacturing PMI to 50, versus 50.3 in August, and does little to provide any meaningful impetus to antipodean currencies, including the Kiwi.
USD/CAD
USD/CAD moves little after registering losses in the previous session, trading around 1.3920 during the Asian hours on Tuesday. The pair holds steady as traders tread cautiously amid concerns that the upcoming US jobs report may not be released this week, with the government nearing a funding freeze and possible shutdown.
USD/CHF
The US Dollar is trimming some losses during Tuesday’s European session. The pair is trading right above 0.7965 after hitting daily lows at 0.7950, yet upside attempts are limited with the possibility of a US government shutdown looming large. In Switzerland, the highlights this week will be the Retail Sales figures on Wednesday and the August Consumer Prices Index (CPI) reading, due on Thursday. These releases follow the SNB’s decision to keep rates at 0% and may provide some clues about the central bank’s near-term path.
CRUDE OIL
Oil prices fell on Tuesday as another anticipated production increase by OPEC+ and the resumption of oil exports from Iraq’s Kurdistan region via Turkey reinforced the outlook for a looming supply surplus.
Gold flirts with record highs at around the $3,850 level early Tuesday, heading for the best month in 14 years. With the third quarter of 2025 and the month of September drawing to a close, Gold has gained as much as 12% during the month, with buyers capitalizing on a sustained rush to safety amid a looming partial government shutdown in the United States (US).
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