USD/CNH gains ground after registering modest losses in the previous session, trading around 6.8800 during the Asian hours on Tuesday.

Asian equity markets opened mixed on Tuesday, tracking US stock index futures, as investors remain cautious ahead of US President Donald Trump's deadline for Iran to reopen the Strait of Hormuz.

The broader cryptocurrency market whipsaws as Tuesday’s 08:00 PM ET deadline imposed by US President Donald Trump on Iran nears, sending Bitcoin (BTC) below $69,000.

Gold (XAU/USD) remains on the back foot during the Asian session on Tuesday, though it lacks follow-through selling and trades in the previous day's broader range.

The EUR/USD pair ticks marginally lower around 1.1530 during the Asian trading session on Tuesday, but is broadly sideways, wobbling inside Monday’s trading range.

GBP/USD pares its recent gains from the previous day, trading around 1.3220 during the Asian hours on Tuesday. The pair depreciates as the US Dollar (USD) gains ground amid increased risk aversion, which could be attributed to the Middle East peace truce uncertainty.

Avalanche (AVAX) price slips below $9 as of writing on Tuesday after correcting slightly the previous day. Weakening derivatives metrics, alongside bearish technical price action, suggest a deeper correction for AVAX in the coming days.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 100.10 during the Asian trading hours on Tuesday.

The NZD/USD pair attracts some sellers to around 0.5700 during the Asian trading hours on Tuesday. The US Dollar (USD) strengthens against the New Zealand Dollar (NZD) as heightened uncertainty in the Middle East boosts demand for a safe-haven currency. 

USD/CAD edges higher after registering modest losses in the previous day, trading around 1.3930 during the Asian hours on Tuesday. The pair appreciates as the US Dollar (USD) gains ground amid increased risk aversion, which could be attributed to the Middle East peace truce uncertainty.

The advisor to Iran's Parliament Speaker, Mohammad Bagher Ghalibaf,  said on Tuesday that US President Donald Trump has about 20 hours to either surrender to Iran, or his allies will return to the Paleolithic Age. Ghalibaf emphasized that Iran will not back down.

The USD/JPY pair touches a one-week high during the Asian session on Tuesday, though it lacks follow-through and remains below the 160.00 psychological mark amid mixed fundamental cues.

Australia ANZ Job Advertisements: -3.1% (March) vs previous 3.2%

Australia TD-MI Inflation Gauge (YoY) climbed from previous 3.6% to 4.3% in March

New Zealand ANZ Commodity Price declined to 4.1% in March from previous 4.2%

On Tuesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8854 compared to last Friday's fix of 6.8929 and 6.8773 Reuters estimate.

AUD/USD steadies after registering modest gains in the previous trading day, hovering around 0.6920 during the Asian hours on Tuesday. The pair shows limited movement following the release of Australia’s S&P Global Purchasing Managers’ Index (PMI) data.

Australia TD-MI Inflation Gauge (MoM) increased to 1.3% in March from previous -0.2%

Silver (XAG/USD) extends its sideways consolidative price move for the second straight day and holds steady around the $73.00 mark during the Asian session on Tuesday.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $103.60 during the early Asian trading hours on Tuesday.

The EUR/USD pair flat lines around 1.1540 during the early Asian session on Tuesday. The major pair steadies as traders monitor US President Donald Trump's deadline regarding the Strait of Hormuz. The US Durable Goods Orders and ADP Employment reports are due later on Tuesday. 

Ireland AIB Services PMI: 50.7 (March) vs previous 51.8

Japan’s Finance Minister Satsuki Katayama said on Tuesday that G7 finance ministers and central bankers agreed that fluctuating oil prices cause high volatility in financial and foreign exchange markets.

Japan JP Foreign Reserves declined to $1B in March from previous $1410.7B

Japan Overall Household Spending (YoY) below forecasts (-0.7%) in February: Actual (-1.7%)

US President Donald Trump said that the latest proposal for a US ceasefire with Iran is “not good enough,” ahead of his deadline for Iran to either reopen the Strait of Hormuz or face major attacks on its civilian infrastructure, CNBC reported on Monday.

Gold price (XAU/USD) recovers to near $4,660 during the early Asian session on Tuesday. The precious metal drifts higher as traders watch US President Donald Trump's Tuesday deadline for military strikes on Iranian infrastructure following the closure of the Strait of Hormuz.