TD Securities strategists Prashant Newnaha and Alex Loo note that the Reserve Bank of Australia (RBA) delivered a widely expected 25 bps hike to 4.35%, but Governor Bullock’s dovish tone suggests a preference to pause.

National Bank of Canada (NBC) strategists Stéfane Marion and Kyle Dahms describe an uneven near-term backdrop for the Euro (EUR), citing elevated geopolitical risk, high energy costs and weak growth.

DBS Group Research’s Chang Wei Liang notes that Japan has stepped up intervention to support the Japanese Yen after the US–Iran clash in the Strait of Hormuz lifted Brent towards USD115.

ING’s Chris Turner warns that higher natural gas prices could become a fresh headwind for the Euro (EUR). He reiterates ING’s view that 1.17 remains a fair level for EUR/USD under current assumptions for energy, policy and equities.

Societe Generale strategists note AUD/USD has pulled back after the Reserve Bank of Australia (RBA) delivered a third 25bp hike to 4.35% while signalling a pause.

Commerzbank’s Michael Pfister argues that recent strength in the Pound (GBP) is unlikely to last, as ambitious Bank of England (BoE) rate expectations and renewed political risks weigh on the outlook.

National Bank of Canada (NBC) strategists Stéfane Marion and Kyle Dahms note the Canadian Dollar (CAD) has rebounded sharply, with USD/CAD moving back toward 1.35 as higher Oil prices bolster Canada’s trade and fiscal outlook.

NZD/USD inches higher after two days of losses, trading around 0.5880 during the Asian hours on Tuesday. The pair holds ground as the US Dollar (USD) lost its daily gains despite increased safe-haven demand following uncertainty surrounding the Middle East conflict.

Commerzbank’s Volkmar Baur notes that the Reserve Bank of Australia (RBA) has raised rates for the third time this year to 4.35%, prioritizing inflation expectations and second‑round risks over softer March Consumer Price Index (CPI).

Brazil Fipe's IPC Inflation: 0.4% (April) vs previous 0.59%

DBS Group Research’s Radhika Rao highlights renewed weakness in the Indian Rupee (INR), with USD/INR moving back toward the 95.00 handle on persistent foreign portfolio outflows and an unfavourable global risk backdrop.

TD Securities strategists see USD/JPY consolidating around 157.00 in Q2 2026 after the recent Japanese Ministry of Finance (MoF) intervention triggered a 3% drop.

Michael Wan at MUFG highlights that the Indian Rupee entered the Iran conflict period already facing strong capital outflows, shaping its vulnerability. The Reserve Bank of India is reportedly considering measures to attract Dollar inflows, including a possible FCNR swap scheme and tax changes.

The Euro (EUR) extends losses against the US Dollar (USD) for the third consecutive day, as investors' concerns about the resumption of hostilities between the US and Iran have crushed risk appetite.

The AUD/USD pair declines to near  0.7145 during the early European trading hours on Tuesday. The Australian Dollar (AUD) remains weak despite a widely expected 25 basis point (bps) interest rate hike by the Reserve Bank of Australia (RBA).

EUR/JPY extends its losses for the second consecutive day, trading around 183.80 during the Asian hours on Tuesday. The currency cross weakens as the Japanese Yen (JPY) stabilizes against major peers amid cautious trading, following suspected intervention by Japanese authorities last week.

Commerzbank’s Volkmar Baur reports that Japanese authorities appear to be intervening around USD/JPY 157 after the pair briefly hit 160.72. Tokyo inflation data show headline gains driven solely by energy, while core inflation has fallen to a one‑year low.

The GBP/USD pair loses ground to near 1.3520 during the early European session on Tuesday.

The AUD/JPY cross pares losses near 112.65 during the early European trading hours on Tuesday. The Australian Dollar (AUD) edges slightly higher after the Reserve Bank of Australia (RBA) interest rate decision.

The USD/CAD pair struggles to capitalize on a two-day-old recovery move from the 1.3550 area, or its lowest level since March 10, and oscillates in a range during the Asian session on Tuesday. Spot prices currently trade around the 1.3620 area amid a combination of diverging forces.

AUD/USD holds losses for the second consecutive day, hovering around 0.7160 during the Asian hours on Tuesday. The Australian Dollar (AUD) moves little following the release of the Reserve Bank of Australia’s (RBA) policy decision.

USD/CHF holds ground for the third consecutive day, trading around 0.7840 during the Asian hours on Tuesday. The Swiss Federal Statistical Office is set to release the April Consumer Price Index (CPI) data later in the day.

USD/INR extends gains for the third successive day, trading around 95.40 during the Asian hours on Tuesday. Traders await India’s HSBC Composite and Services Purchasing Managers' Index (PMI) data to be released later in the day.

Silver price ( XAG/USD) tumbles to near $72.85 during the Asian trading hours on Tuesday. The white metal remains under selling pressure amid intensifying tensions in the Middle East. Reports of Iranian attacks on vessels in the Strait of Hormuz boost crude oil prices, fueling inflation fears. 

EUR/USD moves little after two days of losses, trading around 1.1690 during the Asian hours on Tuesday. The daily chart technical analysis indicates a potential for a bearish reversal, as the pair is testing the lower boundary of the ascending channel.

The GBP/USD pair trades with a negative bias for the third straight day on Tuesday, though it lacks follow-through selling and holds above the 1.3500 psychological mark during the Asian session.

The USD/JPY pair holds steady around 157.25 during the Asian trading hours on Tuesday. The latest developments in the Middle East send oil prices higher, sparking further fears of instability in the region.

AUD/USD extends its losses for the second successive day, trading around 0.7160 during the Asian hours on Tuesday. Traders expect the Reserve Bank of Australia (RBA) to deliver an interest rate hike later in the day.

The NZD/USD pair remains under some selling pressure for the third consecutive day and trades around the 0.5865-0.5860 area during the Asian session on Tuesday.

The EUR/USD pair trades in the negative territory around 1.1690 during the early Asian session on Tuesday. The Euro (EUR) weakens against the US Dollar (USD) amid rising tensions in the Middle East after Iran attacked the United Arab Emirates (UAE).