Japan Machinery Orders (YoY) registered at 24.7% above expectations (8.5%) in February

Japan Machinery Orders (MoM) came in at 13.6%, above forecasts (-1.1%) in February

South Korea Unemployment Rate dipped from previous 2.9% to 2.7% in March

NZD/USD rose over 0.55% on Tuesday, printing a session high near 0.5920 before pulling back to settle around 0.5900.

The NZD/USD pair is trading with a bullish bias near the 0.5900 level on Wednesday, as the New Zealand Dollar (NZD) gains strength amid improving global risk sentiment and a weaker US Dollar (USD).

AUD/USD extended its bullish push on Tuesday, gaining around 0.38%, but gave back some top-end gains after touching a session high close to 0.7150.

USD/JPY fell around 0.4% on Tuesday, slipping back below the 159.00 handle to settle close to 158.85.

The EUR/USD rallies for the seventh straight session as the Greenback falls to a six-week low amid hopes of US-Iran talks in the week ahead, while US data remains in the back seat despite a jump in inflation. At the time of writing, the pair trades around 1.1790, up 0.30%.

Commerzbank’s Volkmar Baur notes that China’s March trade data were slightly weaker than expected, with exports underperforming forecasts and imports surging, narrowing the trade surplus. He estimates the current account surplus likely eased from Q4’s multi‑year high.

South Korea Import Price Growth (YoY): 18.4% (March) vs 1.2%

South Korea Export Price Growth (YoY) climbed from previous 10.7% to 28.7% in March

United States API Weekly Crude Oil Stock above expectations (-1.3M) in April 10: Actual (6.1M)

Ethereum (ETH) briefly recovered the $2,400 level on Tuesday, its highest level since February 1, following the latest developments in peace talks between the US and Iran.

MUFG’s Senior Currency Analyst Michael Wan notes that the Monetary Authority of Singapore (MAS) tightened its exchange rate policy in April by slightly increasing the slope of the Singapore Dollar Nominal Effective Exchange Rate (S$NEER) band, becoming the first Asia-ex-Japan central bank to tighten

Gold (XAU/USD) price surges nearly 2% on Tuesday amid growing optimism linked to the resumption of US-Iran talks, even though the US military seized Iran-linked ships as the blockade of the Strait of Hormuz persists. The XAU/USD trades at $4,835 after bouncing off daily lows of $4,742.

Societe Generale analysts highlight that CNY strength has resumed, with USD/CNY nearing 6.80 for the first time in three years as China-linked tankers transit the Strait of Hormuz.

Bitwise Chief Investment Officer (CIO) Matt Hougan said Bitcoin's recent strength amid escalating geopolitical tensions reflects a deeper shift in global finance.

Argentina Consumer Price Index (MoM) came in at 3.4%, above expectations (3%) in March

The US Dollar Index (DXY) fell toward the 98.10 region, reaching multi-week lows as softer inflation data and improving global sentiment led to a broad sell-off of the Greenback. Declining Oil prices and easing yields further contributed to the downward pressure.

UOB’s Jester Koh highlights that MAS raised its 2026 core and headline inflation forecast ranges to 1.5–2.5% as imported energy costs surge. He stresses that higher Oil and gas prices will pass through to Singapore’s CPI via electricity, transport and goods.

AUD/USD trades with a mild positive bias on Tuesday, supported by a softer US Dollar (USD) as renewed hopes of US-Iran talks weigh on the Greenback and lift demand for risk-sensitive currencies like the Australian Dollar (AUD).

OCBC strategists Sim Moh Siong and Christopher Wong note USD/KRW traded higher on heightened Middle East tensions and Oil gains, with Korean Won pressured as a higher-beta, net Oil importer currency.

West Texas Intermediate (WTI) US Oil declines on Tuesday, with the barrel trading around $89.10 at the time of writing, down 3.93% on the day.

Commerzbank’s Charlie Lay and Moses Lim note that Monetary Authority of Singapore (MAS) has tightened policy by slightly increasing the pace of Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) appreciation, focusing on inflation rather than growth.

The Dow Jones Industrial Average (DJIA) gained around 300 points, or 0.6%, trading near 48,500. The S&P 500 rose 1.1% while the Nasdaq Composite jumped 1.8%, led by a broad rally in technology names.

The USD/JPY pair is trading with a bearish bias near the 158.90 region on Tuesday, extending recent losses as the US Dollar (USD) continues to soften amid improving risk sentiment on renewed hopes of United States (US)-Iran negotiations.

MUFG’s Senior Currency Analyst Michael Wan highlights that Trump has begun a US naval blockade of the Strait of Hormuz, but risk assets have rebounded as talks between the US and Iran continue.