US President Donald Trump said Iran has asked the US to lift a naval blockade of the Strait of Hormuz while the two sides negotiate an end to the two-month conflict, Bloomberg reported on Tuesday.
The EUR/USD pair trades in negative territory around 1.1715 during the early Asian session on Wednesday. Uncertainty over a potential Middle East ceasefire continues to boost a safe-haven currency such as the US Dollar (USD) against the Euro (EUR).
GBP/USD eased 0.12% on Tuesday, closing near 1.3520 and continuing the broader consolidation around 1.3500 that has held through recent sessions.
XAU/USD declined 1.85% on Tuesday, closing near $4,596 after the spot session pushed down to a low close to $4,555 before recovering modestly into the New York close.
Chile's central bank held its benchmark interest rate at 4.50% in a unanimous decision, with the Banco Central de Chile (BCCh) board citing the worsening Middle East conflict as a key factor weighing on the policy outlook.
USD/JPY traded in a tight 80-pip range on Tuesday, closing near 159.62 after the session touched a low of 158.96 in early Asia and a high of 159.79 late in the New York session.
NZD/USD slipped 0.4% on Tuesday, closing near 0.5885 after a session high close to 0.5925 and a fresh rejection from the 0.5900 handle.
AUD/USD posted a near-flat close on Tuesday, settling around 0.7180 after a session that traded within a roughly 70-pip range between 0.7130 and 0.7200.
Ethereum (ETH) is hovering near $2,300 on Tuesday, following signs of distribution across key onchain metrics over the past week, as US-Iran peace talks leave the market in a state of uncertainty.
OCBC strategists Sim Moh Siong and Christopher Wong notes USD/IDR has turned lower with the broader US Dollar (USD) pullback, but says recent Indonesian Rupiah (IDR) softness reflects external uncertainty from a potential prolonged United States (US)–Iran conflict and vulnerability to energy shocks.
Bitcoin's (BTC) rally above $76,000 appears to be driven more by forceful positioning than broad market conviction, according to crypto market-making firm Wintermute.
DBS Group Research economists Byron Lam and Daisy Sharma highlight that China’s 1Q 2026 real Gross Domestic Product (GDP) rose to 5.0% year-on-year from 4.5% in Q4 2025, supported by strong external demand but uneven domestic momentum.
TD Securities’ Head of Commodity Strategy, Bart Melek, argues that Gold is under pressure as Oil-driven inflation keeps real rates elevated and raises the opportunity cost of holding the metal.
OCBC strategists Sim Moh Siong and Christopher Wong describe USD/SGD as slipping on broad USD weakness and expects two‑way, range‑bound trading in the near term, with resistance around 1.2780–1.2850 and support near 1.2720–1.2670.
West Texas Intermediate (WTI) US Oil trades around $98.00 on Tuesday at the time of writing, up 3.21% on the day, reaching its highest level since mid-April.
TD Securities analysts expect Canada’s Spring Economic Update to show a CAD 60 billion deficit over 2026–27, slightly better than the prior budget shortfall.
Silver (XAG/USD) trades with a downside bias on Tuesday, down over 2.5%, as a higher-for-longer interest rate outlook continues to weigh on price action.
Standard Chartered strategists Christopher Graham and John Davies highlight that growing labour market slack and fragile domestic demand should limit second-round inflation effects in the United Kingdom (UK).
NZD/USD trades around 0.5890 on Tuesday, down 0.35% on the day, after failing to hold above the 0.5900 level. The pair moves lower as the US Dollar (USD) strengthens, supported by increased demand for safe-haven assets.
The Euro (EUR) trims a part of its intraday losses against the US Dollar (USD) on Tuesday as the Greenback loses momentum, with traders repositioning ahead of the Federal Reserve’s interest rate decision due on Wednesday while continuing to monitor developments in the Middle East.
USD/JPY trades around 159.50 on Tuesday, up modestly by 0.07% on the day, after briefly falling below the 159.00 level following the Bank of Japan’s (BoJ) policy decision.
Tether, the largest stablecoin company, has unveiled a new custom compute Bitcoin (BTC) mining infrastructure in collaboration with Canaan, the world’s leading manufacturer of BTC miners, and ACME Swisstech, a Swiss-based project management firm.
USD/CAD climbed 0.33% on Tuesday, settling close to 1.3670 after a steady grind higher off Monday's intraday low near 1.3600.
The Dow Jones Industrial Average saw marginal gains on Tuesday's session, with futures holding near 49,200 and the underlying cash index adding roughly 0.1%, propped up by a 5% jump in Coca-Cola (KO) after a stronger-than-expected earnings print.
MUFG’s Lee Hardman argues that the recent Japanese Yen (JPY) rebound against the US Dollar (USD) is unlikely to last, as USD/JPY remains in a broader bearish Yen trend since the Middle East conflict began.