Silver price (XAG/USD) falls to around $82.65 during the Asian trading hours on Tuesday, pressured by a modest rebound in the US Dollar (USD). Traders book some profits from recent price run-ups while reassessing the strength of the economy and inflation.

The Japanese Yen (JPY) attracts fresh buyers following a modest Asian session downtick on Tuesday and looks to build on its recovery from a two-week low, touched against the US Dollar (USD) the previous day.

AUD/USD remains subdued after two days of gains, trading around 0.7090 during the Asian hours on Tuesday. The pair remains under pressure as the Australian Dollar (AUD) weakens amid deteriorating market sentiment following mixed domestic data.

USD/CAD snaps a two-day losing streak, trading near 1.3560 during Tuesday’s Asian session.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.9458 compared to the previous day's fix of 6.9523 and 6.9135 Reuters estimate.

The EUR/USD pair is seen consolidating its strong gains registered over the past two days and oscillating in a narrow band during the Asian session on Tuesday. Spot prices currently trade around the 1.1900 mark, just below an over one-week high touched the previous day.

The USD/JPY pair tumbles to near 155.90 during the early Asian session on Tuesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) after Japanese Prime Minister Sanae Takaichi led the ruling Liberal Democratic Party (LDP) to a historic landslide win.

GBP/USD is holding a broader bullish structure on the daily chart, with price trading well above the 50 Exponential Moving Average (EMA) at 1.3507 and the 200 EMA at 1.3310, confirming the intermediate uptrend that has been in place since the November 2025 low near 1.2300.

The daily chart shows NZD/USD completing a broad base-building process after bottoming at 0.5580 in late October 2025, with price now trading at 0.6053, above both the 50 Exponential Moving Average (EMA) at 0.5867 and the 200 EMA at 0.5849.

AUD/USD is trading near three-year highs after a strong break above the 0.7000 psychological level for the first time since February 2023, supported by the Reserve Bank of Australia's (RBA) surprise 25 basis point rate hike to 3.85% at its February meeting.

The Pound Sterling retreats 0.21% during the North American session as political turmoil in the UK, surrounding the Prime Minister Keir Starmer, pushed the GBP/JPY downwards. At the time of writing, the cross-pair trades at 213.51 after reaching a daily high of 214.44.

EUR/USD rallies over 0.80% on Monday as the Greenback treads water following breaking news that Chinese authorities recommended financial institutions to trim their positions on US Treasuries, due to sharp volatility swings in the fixed income markets.

USD/CAD is holding a broader bearish structure on the daily chart, trading near 1.3560 after breaking the long-term uptrend from 2021 during 2025.

The Japanese Yen (JPY) attracts fresh buying against the US Dollar (USD) on Monday, with USD/JPY snapping a six-day winning streak as broad-based selling pressure weighs on the Greenback and the Yen remains firmly bid across the board following Japan’s election outcome.

USD/CHF is holding a firm downtrend on the daily chart, printing lower highs and lower lows since November 2025 while trading well below both the 50 Exponential Moving Average (EMA) at 0.7882 and the 200 EMA at 0.8125.

AUD/USD extends its gains for a second consecutive day, trading around 0.7090 on Monday at the time of writing, up 0.93% on the day.

The Canadian Dollar (CAD) remains on the front foot against the US Dollar (USD) on Monday, as a softer Greenback and firmer Oil prices continue to underpin the Loonie. At the time of writing, USD/CAD is trading around 1.3568, its lowest level since January 31, down more than 0.50% on the day.

The Pound Sterling post solid gains versus the North American Dollar as rumors emerged that China is asking to reduce exposure to US Treasuries which weighed on the Greenback. Nevertheless, the pair remains capped by political turmoil in the UK.

NZD/USD trades around 0.6050 on Monday, up 0.52% on the day, as the US Dollar (USD) remains under pressure.

HSBC analysts report that the European Central Bank left policy unchanged but sounded slightly hawkish, citing resilient growth and signalling rates will stay on hold for some time.

The Euro (EUR) edges higher against the US Dollar (USD) on Monday, with EUR/USD climbing to one-week highs, as broad-based weakness in the Greenback continues to dominate price action. At the time of writing, the pair is trading around 1.1910, up nearly 0.74% on the day.

Commerzbank’s Thu Lan Nguyen argues that Prime Minister Sanae Takaichi’s landslide victory increases market concerns over a more expansionary fiscal and monetary mix that could weaken the Japanese Yen.

The Euro (EUR) steadies against the Japanese Yen (JPY) on Monday, with EUR/JPY trimming a part of losses seen earlier in the Asian session following Japan’s election results. At the time of writing, the cross is trading around 185.75, rebounding from an intraday low near 184.87.

Danske Bank’s Danske Research Team says Japanese Prime Minister Sanae Takaichi’s coalition secured a supermajority, giving her a strong mandate for tax cuts and higher military spending. The result drove Japanese stocks to record highs and initially weakened the Japanese Yen.

ING’s Chris Turner argues that UK political uncertainty around Prime Minister Keir Starmer, following the resignation of a close ally and scrutiny over a key diplomatic appointment, is adding pressure on Sterling and Gilts.

The US Dollar (USD) has regained some of the ground lost against the Japanese Yen (JPY) following Prime Minister Takaichi’s landslide victory in Sunday’s elections and has returned to the 156.70 area at the time of writing, after bottoming at 156.20 earlier on the day.The pair, however, remains 0.3%

TD Securities’ Global Strategy Team assesses Canada’s January Labour Force Survey as a modest unwind of prior strength, with employment falling but unemployment also declining on weaker supply.

EUR/GBP trades higher at the start of the week and is hovering around 0.8720 on Monday at the time of writing, up 0.38% on the day.

Investor morale in the Eurozone improved sharply in February, with the Sentix Investor Confidence Index rising to 4.2 from -1.8 in January. This marked the third consecutive monthly increase and the highest reading since July 2025.

Rabobank’s Benjamin Picton notes that despite supportive Japanese fiscal policy and expectations for loose Bank of Japan settings, the Japanese Yen has firmed slightly, leaving USD/JPY trading softer.