Japan Producer Price Index (MoM) below forecasts (0.1%) in February: Actual (-0.1%)

Japan Producer Price Index (YoY) below expectations (2.1%) in February: Actual (2%)

Gold price (XAU/USD) holds steady near $5,190 during the early Asian session on Wednesday. The precious metal steadies after a period of volatility following signals of potential de-escalation in Middle East tensions. 

The USD/JPY edges higher on Tuesday, rising nearly 0.25% as risk appetite deteriorated late in the New York session, even though the US President Donald Trump hinted a de-escalation of the conflict. At the time of writing the pair trades at 158.07 some 80 pips above its opening price.

MUFG’s Senior Currency Analyst Lee Hardman highlights that strong Chinese trade data and a firmer PBoC daily fix are supporting the Chinese Yuan.

United States API Weekly Crude Oil Stock registered at -1.7M, below expectations (1.4M) in March 6

The NZD/USD pair is trading near the 0.5930 price region, reversing its intraday gains late in the American session.

The USD/CHF recovers some ground on Tuesday, rises a modest 0.20% as the US Dollar recovers from earlier losses as risk appetite remains deteriorated as depicted by Wall Street, with three of the fourth US indices ending with losses.

UOB economist Ho Woei Chen highlights that strong China exports and imports in early 2026 are supporting growth, with clear diversification away from the US toward ASEAN, EU and regional partners.

Bitcoin (BTC) traded horizontally on average over the past week amid heightened geopolitical tensions, rising about 2% to hover near $69,987 on Tuesday?.

The Aussie Dollar surges nearly 1% on speculation that the Reserve Bank of Australia is expected to raise rates at the March meeting. At the time of writing the AUD/USD trades at 0.7131, after refreshing three-year high at 0.7168.

Gold price (XAU/USD) rallies on Tuesday as the US Dollar (USD) retreats after Oil prices edge lower, reflecting the Greenback's close correlation with crude. At the time of writing, XAU/USD trades at $5,187, up more than 0.50%.

MUFG’s Senior Currency Analyst Michael Wan argues Asian currencies have been buffeted by Iran-related headlines as Asia’s heavy reliance on Middle East energy and Strait of Hormuz flows magnifies risk.

Better market sentiment is taking its toll on the Greenback as stabilizing Oil prices give riskier positions more appeal to investors.

West Texas Intermediate (WTI) remains volatile on Tuesday, with sharp two-way swings as traders continue to assess the evolving geopolitical situation in the Middle East and its impact on global energy markets.

Standard Chartered economists maintain their call for Bank Indonesia to cut its policy rate by 25 bps in Q2-2026, but note that higher Oil prices and inflation now tilt risks toward a prolonged hold.

The US Dollar Index (DXY) fell into 98.50 on Tuesday, pulling back from last week's highs as safe-haven demand eased following President Trump's comments suggesting the Iran war is nearing its end.

NZD/USD trades around 0.5955 at the time of writing on Tuesday, gaining 0.35% on the day as the US Dollar (USD) softens across the board.

The Dow Jones Industrial Average rose to retest chart territory north of 48,000 on Tuesday, building on Monday's dramatic reversal. The S&P 500 and the Nasdaq Composite both gained ground as well as equity markets execute a broad turnaround.

United States 3-Year Note Auction up to 3.579% from previous 3.518%

Nomura’s Global Markets Research Team highlights that Swedish inflation has undershot consensus for four months, but renewed energy price pressures from the Iran conflict could offset this.

Silver (XAG/USD) trades on a firm footing on Tuesday, hovering around $89.55 at the time of writing, up 2.90% on the day.

The Japanese Yen (JPY) trades flat against the US Dollar (USD) on Tuesday, with USD/JPY giving up earlier gains as the Greenback edges lower.

ING economists Peter Virovacz and Zoltán Homolya note that Hungarian inflation fell to 1.4% year-on-year in February 2026, below consensus and their own optimistic forecast. Core inflation dropped to 2.1%, but rising energy costs, fuel prices and a weaker Forint threaten this benign picture.

The Pound Sterling post modest gains during the North American session as the Greenback remains weaker even though tensions in the Middle East remains high, despite US President Trump comments that the end of the war is near. The GBP/USD trades at 1.3467 after hitting a daily high of 1.3483.

West Texas Intermediate (WTI) US Oil corrects lower on Tuesday, with the price trading around $82.30 at the time of writing, down 1.15% on the day as markets reassess supply risks following comments from international energy officials.

EUR/USD edges higher on Tuesday, supported by a softer US Dollar (USD), allowing the Euro (EUR) to extend gains for a second straight day. At the time of writing, the pair is trading around 1.1645 following a rebound from a near four-month low of 1.1507 touched on Monday.