South Korea Consumer Sentiment Index declined to 107 in March from previous 112.1

United States API Weekly Crude Oil Stock above expectations (-1.3M) in March 20: Actual (2.3M)

The USD/JPY resumes its upward trajectory after testing the 20-day Simple Moving Average (SMA) at 158.10 on Monday, rising towards 159.00, posting gains of over 0.14%.

Gold (XAU/USD) remains pressured on Tuesday, remaining near its opening price amid heightened tensions in the Middle East, as the Wall Street Journal reported that the Pentagon plans to deploy a brigade combat team from the Army's elite Airborne Division.

The Australian Bureau of Statistics (ABS) will release the Consumer Price Index (CPI) for February on Wednesday at 00:30 GMT, with inflation expected to hold steady at 3.8% YoY and come in flat on a monthly basis.

The US Dollar Index rose about 0.3% on Tuesday, recovering to around 99.40 after Monday's sharp sell-off to a near two-week low.

WTI Crude Oil bounced roughly 3% on Tuesday, recovering to above $90.00/barrel after Monday's brutal 11% sell-off.

The US Dollar Index (DXY) is trading around the 99.50 region, experiencing a relative surge as rising United States (US) Treasury yields and hawkish Fed expectations offset mixed risk sentiment. Elevated Oil prices reinforce inflation concerns, supporting the Greenback.

The Euro (EUR) trades under pressure against the US Dollar (USD) on Tuesday, as heightened geopolitical risks surrounding the US-Israel war with Iran continue to underpin demand for the Greenback.

Silver (XAG/USD) trades slightly higher on Tuesday, around $69.35 at the time of writing, up 0.25% on the day, but struggles to build momentum as markets remain driven by conflicting geopolitical signals and tight financial conditions.

United States 2-Year Note Auction: 3.936% vs 3.455%

Solana (SOL) is trading around $90.00 at the time of writing on Tuesday after falling from its daily high of $92.22. The broader crypto market remains on edge amid uncertainty driven by the Middle East war.

The EUR/JPY cross is trading in a neutral zone near 184.00 after the Eurozone Purchasing Manager Index (PMI) data indicated a significant loss of economic momentum in the region.

The Dow Jones Industrial Average eked out a modest gain on Tuesday, adding around 40 points after a volatile premarket session, as markets struggled to build on Monday's sharp rebound. The S&P 500 dipped 0.1% while the Nasdaq Composite dropped 0.5%, weighed down by weakness in tech names.

The Canadian Dollar (CAD) trades under pressure against the US Dollar (USD) on Tuesday, as the Greenback edges higher and trims part of the previous day’s decline. At the time of writing, USD/CAD is trading around 1.3765, hovering near fresh two-month highs.

The Pound Sterling falls by 0.16% on Tuesday as the Greenback advances, underpinned by a recovery in energy prices and rising US Treasury yields, as markets do not expect the Federal Reserve to cut rates in 2026. The GBP/USD trades at 1.3400 after hitting a daily high of 1.3445.

USD/JPY trades around 158.70 on Tuesday at the time of writing, up 0.16% on the day, supported by a US Dollar (USD) that maintains a bullish bias amid ongoing geopolitical and economic uncertainty.

The Euro (EUR) recovers modestly against the US Dollar (USD) on Tuesday, helping EUR/USD trim part of its earlier losses as the Greenback pulls back slightly from intraday highs following the latest S&P Global Purchasing Managers Index (PMI) release.

Scotiabank analysts say the Pound is slightly softer against the Dollar, consolidating near 1.34 after a recovery from mid‑March lows.

Deutsche Bank’s Mallika Sachdeva argues that the Iran conflict could test the foundations of the petrodollar regime and, by extension, the Dollar’s role as the world’s reserve currency.

TD Securities highlights the ECB Watchers’ Conference as a key platform for policymakers to discuss geopolitical risks and Eurozone monetary policy. The bank expects officials to reiterate that the ECB is ready to act but needs more time to assess risks.

Bank of England’s (BoE) Chief Economist Huw Pill said that he stands ready to act against inflationary pressures stemming from the developments in the Middle East war.

Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is little changed, with USD/CAD stretching its recent range but failing to sustain moves above the mid‑1.37s.

AUD/USD falls sharply on Tuesday, trading around 0.6950 at the time of writing, under pressure amid a renewed wave of risk aversion across global markets, supporting safe-haven assets, particularly the US Dollar (USD).

United States Richmond Fed Manufacturing Index came in at 0, above expectations (-5) in March

The business activity in the US private sector continued to expand at a moderate pace in March, with S&P Global Composite Purchasing Managers' Index (PMI) coming in at 51.4 (preliminary), down slightly from 51.9 in February.

GBP/JPY trades in a narrow range on Tuesday with a mild downside bias, as the British Pound (GBP) weakens following weaker-than-expected UK business activity data. At the time of writing, the cross is trading near 212.50, reversing earlier gains driven by Japan’s softer inflation data.