Silver price (XAG/USD) pares its recent gains from the previous day, trading around $67.90 per troy ounce during the Asian hours on Tuesday. Uncertainty in the Middle East and rising bets on a United States (US) interest rate hike continue to keep Silver on the defensive.

The GBP/USD pair struggles to capitalize on the previous day's modest bounce from the 1.3300 neighborhood, or over a three-week low, and seesaws between tepid gains/minor losses during the Asian session on Tuesday.

The USD/JPY pair trades in positive territory around 160.20 during the Asian trading hours on Tuesday. Escalation in the Middle East continues to boost the US Dollar (USD) against the Japanese Yen (JPY).

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.8147 compared to the previous day's fix of 6.8198 and 6.7809 Reuters estimate.

NZD/USD loses ground after registering modest losses in the previous day, trading around 0.5800 during the Asian hours on Tuesday. The pair declines as the US Dollar (USD) holds ground amid uncertainty surrounding the Middle East ceasefire.

The AUD/USD pair struggles to capitalize on the previous day's modest bounce from its lowest level since April 13 and drifts lower during the Asian session on Tuesday.

The EUR/USD pair loses traction to around 1.1530 during the early Asian trading hours on Tuesday, pressured by uncertainty in the Middle East. Traders await the release of the US May Consumer Price Index (CPI) inflation data later on Wednesday for fresh impetus.

Pound Sterling is supposed to be the high-carry name in the G7, and for most of this year that logic held.

There is a strange disconnect running through the Japanese Yen right now, and USD/JPY parked just above 160.00 captures it perfectly.

The Australian Dollar spent Monday trying to talk itself into a recovery, and the tape was not buying it.

The GBP/JPY trims some of its earlier losses, turns nearly flat during the day at around 213.60, and is modestly down 0.09% amid a mixed market mood, an indication of cautious trading amid the ongoing environment.

The USD/CHF advances some 0.30% on Monday, as an inverted ‘head-and-shoulders’ chart pattern is confirmed, along with price action leaving the 200-day Simple Moving Average (SMA) below the current spot price. The pair trades near 0.7981.

BNY’s Bob Savage highlights that South Korean policymakers held an emergency meeting and vowed stern action against speculative FX activity as USD/KRW trades at its weakest since 2009. The National Pension Service has resumed forward FX selling under a higher hedge ratio framework.

USD/CAD trades in a narrow range on Monday, with the Canadian Dollar (CAD) struggling to capitalize on a softer US Dollar (USD) as a mild pullback in Crude Oil prices weighs on the commodity-linked Loonie. At the time of writing, the pair trades around 1.3950, holding near two-month highs.

The Pound Sterling registers modest gains of 0.10% on Monday as risk appetite improved despite attacks exchanged between Iran and Israel, which agreed to halt fire as US President Donald Trump demanded the end of shooting, to resume talks between Washington and Tehran.

The EUR/USD pair trades near 1.1540 on Monday as investors assess mixed Eurozone sentiment data and position ahead of the European Central Bank's (ECB) highly anticipated interest rate decision later this week.

USD/JPY holds firm on Monday as traders track rapidly changing headlines from the Middle East. Lingering concerns about another intervention by Japanese authorities also limit the pair's upside as the Japanese Yen (JPY) once again tests the 160.00 level against the US Dollar (USD).

OCBC’s Sim Moh Siong expects the European Central Bank (ECB) to deliver a one-off 25 bp ‘insurance’ hike to 2.25%, with updated projections showing higher inflation and weaker growth.

AUD/USD trades around 0.7070 at the time of writing on Monday, up 0.33% on the day, after touching a low near 0.7024, its weakest level in nearly two months.

UOB’s Quek Ser Leang and Lee Sue Ann note that EUR/USD plunged to a three‑month low around 1.1520 after breaking several key supports.

Brown Brothers Harriman’s Elias Haddad (BBH) highlights downside risks for the Pound as UK GDP is expected to contract in Q2 and markets price further Bank of England (BoE) hikes due to second-round inflation effects.

The Euro (EUR) turned positive against the US Dollar (USD) in the daily charts heading into the US session opening on Monday as the EUR/USD bounced to 1.1540 after hitting three-month lows at 1.1499.

NZD/USD trades around 0.5830 on Monday at the time of writing, up 0.62% on the day after rebounding from a two-month low touched during the Asian session.

Rabobank strategists Molly Schwartz and Jane Foley report that Canadian Dollar (CAD) net short positions have surged about 36% to their highest level since December 2025.

The US Dollar is rallying for the second consecutive day against the Swiss Franc (CHF) on Monday, reaching levels near 0.8000 for the first time in the last two months.

EUR/JPY trades around 184.10 on Monday at the time of writing, down 0.32% on the day, as the Japanese Yen (JPY) continues to benefit from a favorable backdrop driven by expectations of higher interest rates in Japan and renewed warnings from Japanese authorities regarding currency weakness.

Brown Brothers Harriman’s Elias Haddad (BBH) expects the Bank of Canada to keep its policy rate at 2.25% and maintain two-way optionality, as contained inflation allows an extended pause.

UOB’s Quek Ser Leang and Lee Sue Ann flag that AUD/USD posted its second-largest one‑day loss of the year, dropping toward 0.7040. Near term, the pair may test 0.7020, though a sustained break below is seen as unlikely.

The Euro (EUR) consolidates losses against the US Dollar (USD) on Monday, trading at 1.1515 at the time of writing, following a 0.75% sell-off on Friday.

Societe Generale analysts say USD/JPY has rebounded after defending a multi‑month ascending trend line around 155.50/155.00 and is now challenging the April high. Support is seen at 159.20, with projections at 161.20 and 162.