The AUD/USD fell near the 0.7160 level on Tuesday, maintaining a constructive tone as the US Dollar (USD) gained momentum amid destabilizing risk sentiment.

GBP/USD retreats, losing 0.18%, as the US Dollar recovers following a solid US Retail Sales report. Data in the UK reveals the labor market remains solid, while traders digest headlines from the Fed Chair nominee, Kevin Warsh, at the US Senate.

New Zealand GDT Price Index increased to -2.7% from previous -3.4%

West Texas Intermediate (WTI) US Oil trades around $98.25 at the time of writing on Tuesday, up 0.21% on the day.

EUR/USD trades under pressure on Tuesday as the US Dollar (USD) steadies after recent weakness, with upbeat US economic data and weaker Eurozone sentiment adding further downside pressure on the Euro (EUR).

TD Securities' Senior Commodity Strategist Daniel Ghali frames Gold within what he calls the Hegemon trade, tied to perceptions of US power and fiscal sustainability.

Rabobank’s Senior FX Strategist Jane Foley argues that UK politics, including questions over Prime Minister Starmer’s position and Labour’s prospects in May elections, will weigh on GBP sentiment.

Ripple (XRP) shows signs of extending gains while trading above $1.43 at the time of writing on Tuesday. Several key support levels uphold the neutral-to-bullish bias, including the demand zone between $1.40 and $1.42.

United States Pending Home Sales (YoY) down to -1.1% in March from previous -0.8%

United States Business Inventories below expectations (0.3%) in February: Actual (-1.1%)

United States Business Inventories above expectations (0.3%) in February: Actual (0.4%)

United States Pending Home Sales (MoM) above expectations (0.1%) in March: Actual (1.5%)

TD Securities analysts note Canadian Consumer Price Index (CPI) accelerated to 2.4% year-on-year in March, driven by higher Oil prices, but core measures remained subdued. They see the print as dovish and consistent with Bank of Canada (BoC) guidance to look through temporary spikes.

ING analysts Warren Patterson and Ewa Manthey say Oil is trading on hopes of progress in US–Iran peace talks, while ongoing disruptions through the Strait of Hormuz keep supply risks elevated.

EUR/GBP trades on the back foot on Tuesday, with the British Pound (GBP) outperforming the Euro (EUR) following broadly resilient UK labor market data, while softer economic sentiment from the Eurozone adds further pressure on the Euro.

Geopolitical tensions remain in focus for markets following the latest remarks by US President Donald Trump during an interview with CNBC.

Brown Brothers Harriman’s (BBH) Elias Haddad reports that NZD is outperforming after hotter-than-expected Q1 Consumer Price Index (CPI), with headline inflation at 3.1% y/y versus the RBNZ’s 2.8% projection.

Silver (XAG/USD) trades lower on Tuesday, hovering around $78.20 at the time of writing, down 1.88% on the day.

BNY’s Bob Savage notes that equities show the clearest recovery in risk appetite, though holdings remain below mean reversion, especially in South Korea and Taiwan. Developed markets are rebounding faster than emerging markets.

United States Redbook Index (YoY) declined to 6.7% in April 17 from previous 7%

Retail Sales in the United States (US) rose 1.7% to $752.1 billion in March, the US Census Bureau reported on Tuesday. This print followed the 0.7% increase (revised from 0.6%) recorded in February and surpassed the market expectation of 1.4%.

Rabobank’s Senior FX Strategist Jane Foley highlights that UK political uncertainty around Labour leadership and upcoming May elections could distract GBP markets this spring. She links GBP’s earlier outperformance to a sharp repricing of Bank of England (BoE) expectations, now partly unwound.

Danske Research Team notes that Canadian headline inflation rose to 2.4% year-on-year in March, slightly below expectations, while core measures stayed stable.

United States Retail Sales (YoY): 4% (March) vs 3.7%

United States Retail Sales ex Autos (MoM) came in at 1.9%, above forecasts (1.4%) in March

United States Retail Sales Control Group above forecasts (0.2%) in March: Actual (0.7%)

United States Retail Sales (MoM) registered at 1.7% above expectations (1.4%) in March