The Euro (EUR) is 0.2% at around 180.78 against the Japanese Yen (JPY) during the European trading session on Tuesday. The cross gains as the Japanese currency underperforms its currency peers.

The GBP/JPY cross scales higher for the third consecutive day – also marking the sixth day of a move up in the previous seven – and trades around the 210.75-210.80 region during the early European session on Tuesday.

EUR/USD remains subdued for the second successive day, trading around 1.1460 during the European hours on Tuesday. The pair faces challenges as the US Dollar (USD) recovers its daily losses amid prevailing hawkish sentiment surrounding the Federal Reserve (Fed) policy stance.

Francesco Pesole at ING highlights that EUR/USD short-term fair value from the bank’s 60‑day model has fallen below 1.150, with equities and rate differentials driving moves more than Oil.

The New Zealand Dollar (NZD) shows a modest recovery against the US Dollar (USD) on Thursday, favoured by somewhat brighter market sentiment as Brent Oil prices remain below the $100 level, which provides some relief to Oil-importing economies like New Zealand’s.

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann remain negative on GBP/USD after the pair eased to around 1.3370. They expect a test of last week’s low near 1.3335, though a sustained break below that level and the major 1.3300 support is seen as unlikely.

The Japanese Yen (JPY) maintains its near-term bearish trend against the US Dollar (USD) on Tuesday. The USD/JPY pair is trading in the mid-157.00s at the time of writing, with bulls aiming for a previous support area just above 158.00 and the key 200-day Simple Moving Average (SMA) at 157.45. 

The Australian Dollar (AUD) trades flat at around 0.7117 against the US Dollar (USD) during the European trading session on Tuesday.

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a bearish bias on EUR/USD after the pair closed lower near 1.1465.

The USD/CAD pair declines to around 1.4025 during the early European session on Tuesday. Nonetheless, the potential downside for the pair might be limited amid a hawkish stance of the US Federal Reserve (Fed).

The British Pound (GBP) is 0.15% higher at around 1.3385 against the US Dollar (USD) during the European trading session on Tuesday. The GBP/USD pair gains as the US Dollar is slightly under pressure ahead of meeting between leaders from the United States (US) and Gulf nations.

The Indian Rupee (INR) opens higher again versus the US Dollar (USD) on Tuesday. The USD/INR pair drops to near 95.65 as the Indian currency gains due to the consistent decline in oil prices.

Silver price (XAG/USD) inches lower after opening at a bullish gap, trading around $66.00 per troy ounce during Asian hours on Tuesday.

The EUR/USD pair trades in positive territory around 1.1475 during the early European session on Tuesday. The Euro (EUR) edges higher against the US Dollar (USD) amid improved risk sentiment as traders pinned their hopes on US-Iran talks.

The AUD/JPY cross attracts fresh buyers following a modest Asian session dip to the 111.80 area on Tuesday and turns positive for the seventh consecutive day. Spot prices, however, remain below last week's swing high and currently trade around the 112.15-112.20 region, up nearly 0.15% for the day.

USD/CHF loses ground for the fourth consecutive day, trading around 0.8200 during Asian hours on Tuesday.

EUR/JPY extends its gains for the third consecutive day, trading around 180.60 during Asian hours on Tuesday. Technical analysis of the daily chart shows the currency cross remaining within a descending channel, suggesting a persistent bearish bias.

The AUD/USD pair loses ground to near 0.7115 during the Asian trading hours on Tuesday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) as the Federal Reserve (Fed) raised interest rates to 3.75%–4.00% and hinted at further hikes before year-end.

The GBP/USD pair consolidates above mid-1.3300s during the Asian session on Tuesday and remains within striking distance of its lowest level since July 30, touched last week.

NZD/USD extends its losing streak for the third consecutive day, trading around 0.5700 during the Asian hours on Tuesday.

The USD/JPY pair gathers strength to around 157.55 during the early trading hours on Tuesday. A lack of explicitly hawkish guidance from the Bank of Japan (BoJ) after the rate hike last week undermines the Japanese Yen (JPY) against the US Dollar (USD).

The USD/CAD pair touches a fresh high since August 5 during the Asian session on Tuesday, though it lacks follow-through buying and remains below mid-1.4000s.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7459 compared to the previous day's fix of 6.7487 and 6.6989 Reuters estimate.

The EUR/USD pair trades with mild gains near 1.1470 during the early Asian trading hours on Tuesday. Middle East diplomacy hopes provide some support to the riskier assets such as the Euro (EUR) against the US Dollar (USD). Traders await the Fedspeak later on Tuesday for fresh impetus. 

The Aussie Dollar holds firm versus the Greenback at the start of the week, hovering near 0.7119 as risk appetite remains positive despite Fed officials turning more hawkish than expected, ahead of the Trump-Xi summit in the US, later this week.

Japan's markets are shut from Monday to Wednesday for national holidays, which is when a government that wants to move its currency gets the most for its money. USD/JPY is higher for a fifth session in six and is trading just below 157.50.

The New Zealand Dollar extends its losses for the second straight trading session, down 0.13% after last week’s Fed rate hike and a hawkish tilt within the board, which was reinforced by speeches of Fed officials on Monday. The NZD/USD trades at 0.5717.

GBP/USD has stalled at 1.3400 in each of the last three sessions, and it trades just under that level again on Monday. The Dollar is up against most major currencies, so this is more a Dollar move than a Pound one.

AUD/USD reverses its earlier gains on Monday as a broadly firmer US Dollar (USD) and hawkish Federal Reserve (Fed) expectations cap the upside.

The US Dollar (USD) has started the week on a positive footing, rapidly leaving behind two daily drops in a row and refocusing on the upper end of its recent range amid steady bets for extra rate hikes by the Fed and reignited geopolitical tensions.