The GBP/USD pair is down 0.3% to near 1.3570 during the European trading session on Tuesday. The Cable faces selling pressure as the US Dollar (USD) outperforms its peers due to a risk-off market mood.

The EUR/GBP cross gains traction near 0.8665 during the early European session on Tuesday. The British Pound (GBP) weakens against the Euro (EUR) amid political instability in the United Kingdom (UK). Traders brace for the ZEW surveys from Germany and the Eurozone, which are due later on Tuesday. 

UOB strategists Quek Ser Leang and Lee Sue Ann note AUD/USD gapped down to 0.7205 before rebounding to close near 0.7250, with intraday risks skewed toward a retest of 0.7220 while 0.7205 is expected to hold. Over 1–3 weeks, they see scope for the pair to edge higher but capped below 0.7280.

Germany Consumer Price Index (MoM) in line with forecasts (0.6%) in April

Germany Harmonized Index of Consumer Prices (YoY) meets expectations (2.9%) in April

Germany Harmonized Index of Consumer Prices (MoM) meets forecasts (0.5%) in April

Germany Consumer Price Index (YoY) meets forecasts (2.9%) in April

The Australian Dollar (AUD) trades cautiously against its major currency peers, is 0.23% down to near 0.7230 against the US Dollar (USD), during the late Asian trading session on Tuesday. The antipodean will likely remain volatile ahead of the Australian Budget release for 2026 at 09:30 GMT.

The USD/JPY pair gains momentum to near 157.55 during the early European trading hours on Tuesday. Renewed geopolitical tensions in the Middle East lift the US Dollar (USD) against the Japanese Yen (JPY).

The Indian Rupee (INR) slumps to a fresh all-time low against the US Dollar (USD) in the opening session on Tuesday.

EUR/USD extends its losses for the second successive day, trading around 1.1760 during the Asian hours on Tuesday. The daily chart technical analysis indicates an ongoing bullish bias as the pair is remaining within the ascending channel pattern.

The AUD/JPY cross gathers strength near 114.00 during the early European trading hours on Tuesday. A hawkish tone from the Reserve Bank of Australia (RBA) provides some support to the Australian Dollar (AUD) against the Japanese Yen (JPY). 

The USD/CHF pair attracts some follow-through buying for the second straight day, with bulls looking to extend the momentum further beyond the 0.7800 mark during the Asian session.

The US Bureau of Labor Statistics (BLS) will publish the April Consumer Price Index (CPI) data on Tuesday.

The GBP/USD pair loses momentum to near 1.3590 during the early Asian session on Tuesday. The British Pound (GBP) weakens against the US Dollar (USD) as traders focus on key US economic data and Middle East geopolitical tensions. 

USD/CAD gains ground after being nearly flat the previous day, trading around 1.3690 during Asian hours on Tuesday. The pair is seeing renewed upward pressure as the US Dollar (USD) strengthens on the back of intensifying geopolitical risks.

The NZD/USD pair struggles to capitalize on the previous day's move higher and meets with a fresh supply during the Asian session on Tuesday amid a modest US Dollar (USD) uptick.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.8426 compared to the previous day's fix of 6.8467 and 6.7945 Reuters estimate.

AUD/USD loses ground after two days of gains, trading around 0.7240 during the Asian hours on Monday. The technical analysis of the daily chart indicates that the pair is moving upwards within the ascending channel, suggesting an ongoing bullish bias.

The USD/JPY pair attracts some buyers for the second straight day and advances to a four-day high following the disappointing release of Japan's Household Spending data this Tuesday.

The EUR/USD pair loses ground to near 1.1775 during the early Asian session on Tuesday. The Euro (EUR) softens against the US Dollar (USD) as traders turn cautious ahead of the US April inflation report and ongoing geopolitical tensions in the Middle East. 

Sterling pulled back from a fresh peak near 1.3650 on Monday, easing close to 1.3610 through European trade after the Asian session squeezed the Pound to a new local high.

The Australian Dollar firmed by less than 0.1% on Monday, holding around 0.7250 in another range-bound session below the 0.7280 ceiling.

Silver price rallies over 7% on Monday, clearing key technical resistance at $83.05 ─the April 17 daily high, and also the $85.00 psychological figure, which opened the door towards the $86.00 per troy ounce handle.

USD/CAD fluctuates between minor gains and losses on Monday as the pair faces opposing pressure from a steady US Dollar (USD) and elevated Oil prices. At the time of writing, USD/CAD is trading nearly flat around 1.3672.

The USD/JPY pair elevates near the 157.10 region on Monday, with the US Dollar (USD) strenghtening after United States (US) President Donald Trump rejected Iran’s latest peace proposal, calling it “totally unacceptable.”

EUR/USD consolidates with minor losses after a volatile start to the week as traders assess evolving geopolitical developments in the Middle East, while price action remains driven by the US Dollar (USD) and Oil price dynamics.

MUFG economists highlight that the Swiss Franc (CHF) has underperformed as the Swiss National Bank (SNB) leans against currency strength and downplays current inflation.

The Pound Sterling holds modestly firm during the North American session, down a minimal 0.06% as pressure mounts on the UK’s Prime Minister Keir Starmer as his party sustained losses in local elections. The GBP/USD trades at 1.3625 after hitting a daily high of 1.3630.

AUD/USD surges toward the 0.7260 region on Monday, supported by improving demand for commodity-linked currencies despite renewed geopolitical tensions after United States (US) President Donald Trump rejected Iran’s latest peace proposal, calling it “totally unacceptable.”