United States API Weekly Crude Oil Stock below forecasts (-3.6M) in May 29: Actual (-6.75M)

The Australian Dollar (AUD) is sitting near the top of the major currency leaderboard, adding close to 0.3% on the day and pushing back toward 0.7200 after defending 0.7150. Almost none of that strength is homegrown.

Standard Chartered’s Tommy Wu reports that the bank’s revamped Renminbi Globalisation Index shows higher global RMB usage in February–April 2026 versus late 2025.

MUFG’s Michael Wan argues that strong AI-related demand and semiconductor exports are offsetting Strait of Hormuz spillovers for some Asian markets, especially South Korea. He highlights hawkish Bank of Korea signals, robust exports and inflation, and expects South Korean rates to stay sticky.

Argentina Tax Revenue (MoM): 21513B (May) vs 17400B

Silver (XAG/USD) pulls back from intraday highs on Tuesday as the US Dollar (USD) rebounds amid lingering uncertainty over whether the United States and Iran can reach a deal to end the three-month-old war.

The USD/CHF edges modestly higher, gaining 0.21% as buyers test the current week’s high of 0.7884 after bouncing off daily lows of 0.7844.

DBS Group Research’s Philip Wee has revised higher his USD/IDR projections, now expecting the pair to end 2026 slightly above 18,000 versus 16,500 previously.

US President Donald Trump signed an executive order on Tuesday aimed at giving the government early access to powerful new artificial intelligence (AI) models. Under the proposal, AI developers would voluntarily submit new models for government cybersecurity testing before their public release.

Scotiabank's strategists Shaun Osborne and Eric Theoret describe Gold trading in a tight consolidation around $4500/oz, forming the lower bound of a descending triangle pattern.

Gold (XAU/USD) advances a modest 0.16% on Tuesday as risk appetite improves after Israel and Hezbollah halted hostilities due to the intervention of US President Donald Trump. The XAU/USD pair trades near the $4,500 mark after bouncing off daily lows of $4,463.

BNY's Bob Savage flags continued KRW weakness despite stronger South Korean inflation, which supports a hawkish Bank of Korea (BoK) stance. In Indonesia, Purchasing Managers' Index (PMI) data show fragile manufacturing, while inflation has moved above expectations even after a 50 bp rate hike.

Commerzbank reports that USD/TWD traded steadily around 31.37, with realised one‑month volatility near 4.5%, lower than several regional peers.

The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, rebounds on Tuesday as mixed signals surrounding US-Iran negotiations help the index recover earlier intraday losses.

UOB’s Quek Ser Leang and Lee Sue Ann note that USD/SGD stayed firm on Monday, closing around 1.2788 after trading between 1.2759 and 1.2803, supported by a stronger US Dollar and a stable Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER).

Standard Chartered’s Shuang Ding and Hunter Chan note that the People’s Bank of China has shifted its operational focus from DR007 to DR001, aligning with the dominance of overnight repos in China’s interbank market.

USD/CAD edges lower toward 1.3830 on Tuesday at the time of writing, as the US Dollar (USD) pauses after its recent advance. The pair gives back part of its latest gains despite a geopolitical backdrop that continues to favor safe-haven demand.

Dogecoin (DOGE) remains heavily pressured on Tuesday as the leading meme coin extends its correction below the pivotal $1.0000 level.

Deutsche Bank analysts, including Mark Wall and team, argue Germany faces multifaceted headwinds from the Middle East conflict, with growth momentum weakening into mid‑2026. Expansionary fiscal policy is seen as the key stabilizer, keeping Gross Domestic Product (GDP) growth at 0.5% in 2026.

Dow Jones Industrial Average (DJIA) futures spent the overnight session doing their best impression of a market that has decided geopolitics no longer matter.

NZD/USD trades around 0.5930 on Tuesday at the time of writing, virtually unchanged on the day, after giving back part of the gains recorded earlier this week.

The AUD/USD pair elevated near the 0.7190 level on Tuesday as the US Dollar (USD) failed to find support following stronger-than-expected labor market data.

ABN AMRO economists Bill Diviney and Rose Heaulme note that Eurozone headline inflation rose to 3.2% in May, with core inflation surprising at 2.5%. Energy remains the main driver, while food inflation eased.

EUR/USD holds firm on Tuesday as traders react to conflicting headlines surrounding US-Iran negotiations. At the time of writing, the pair trades around 1.1639 after touching a daily high near 1.1655.

The Pound Sterling rose by some 0.19% on Tuesday as traders remained optimistic about a peace deal between the US and Iran, even though geopolitical uncertainty remains. The GBP/USD trades at around 1.3470 after bouncing off daily lows of 1.3446.

Megan Greene, a member of the Bank of England's (BoE) Monetary Policy Committee (MPC), warned on Tuesday that United Kingdom (UK) households and businesses appear more sensitive to rising inflation than in the past, emphasizing that the risks of failing to act against persistent inflation outweigh t

RaboResearch says Sweden’s weak Q1 GDP was driven by lower government spending but partly offset by household consumption and inventories.