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).

The GBP/JPY fell by some 0.23% during Monday’s session as the safe-haven appeal of the Japanese Yen weighed on the pair, which continues to digest price action in the aftermath of Japanese authorities' intervention in the FX markets.

The Reserve Bank of Australia (RBA) is having a monetary policy meeting this week and will deliver its decision on Tuesday. Market participants expect the Board to deliver a 25 basis points (bps) interest rate hike, the third consecutive one.

The NZD/USD pair is trading with a soft tone near the 0.5870 level on Tuesday, struggling to gain traction as the US Dollar (USD) remains broadly supported by safe-haven demand amid ongoing geopolitical tensions.

USD/JPY traded essentially flat on Monday, settling close to 157.20 after a choppy session that opened with an early-Asia gap lower toward 156.20 before staging a steady recovery through European and US trade.

GBP/USD declined around 0.35% on Monday, settling near 1.3530 after a sharp rejection from the 1.3600 handle dragged the pair lower through choppy afternoon trade.

AUD/USD declined around 0.5% on Monday, settling close to 0.7170 after dipping as low as 0.7150 during the session. The pullback followed Friday's four-year high above 0.7225, with bullish momentum waning through the new week as price drifted lower beneath the 0.7200 handle.

Silver price (XAG/USD) tumbles over 3% on Monday as the Greenback rises due to its safe-haven appeal, as the US-Iran exchange blows in the Strait of Hormuz as the US Navy embarks on Trump’s Operation Freedom. The XAG/USD trades at $72.74 after reaching a high of $76.00.

The Euro (EUR) trades on the back foot against the US Dollar (USD) on Monday as reports of renewed attacks in the Middle East lift the Greenback.

NZD/USD trades around 0.5868 on Monday at the time of writing, down 0.52% on the day. The pair remains under pressure amid an environment marked by heightened geopolitical uncertainty, which typically supports safe-haven assets and the US Dollar (USD).

BNP Paribas economists project Eurozone Gross Domestic Product (GDP) growth to slow from 1.5% in 2025 to 1.0% in 2026, with inflation rebounding to 3.0% in 2026 and 3.3% in 2027.

Finance Minister Satsuki Katayama returned to the verbal channel on Monday, signaling Tokyo's readiness to take decisive action against speculative foreign exchange moves under last September's bilateral agreement with the US, just two trading days after the Ministry of Finance (MoF) and Bank of Jap

EUR/GBP edges higher on Monday as ongoing tensions in the Middle East keep market volatility elevated, while political uncertainty in the UK adds modest pressure on the British Pound (GBP). At the time of writing, the cross is trading around 0.8645, recovering from an intraday low of 0.8629.

GBP/USD falls on Monday as tensions in the Middle East remain high as Iran threatens US Navy to not enter the Strait of Hormuz, amid growing speculation that Tehran’s launched missiles to a US warship. At the time of writing, the pair trades at 1.3531, slightly down 0.34%.

The AUD/USD pair is trading with a cautious tone, hovering near the 0.7190 price zone as investors position ahead of the Reserve Bank of Australia (RBA) monetary policy decision due later on Monday.

USD/JPY trades around 157.00 on Monday, virtually unchanged on the day, after a sharp move during the Asian session briefly sent the pair down to 155.71 before a swift rebound.

Commerzbank’s Thu Lan Nguyen writes that suspected MoF/BoJ intervention has strengthened the Japanese Yen (JPY), but questions how long gains will last. Markets still doubt the Bank of Japan's (BoJ willingness to respond forcefully to inflation, and see the JPY as a G10 laggard.

USD/CAD edges higher on Monday as rising tensions in the Strait of Hormuz, amid the ongoing US–Iran standoff, support the US Dollar (USD). At the time of writing, the pair is trading around 1.3617, up nearly 0.22% on the day.

BNY’s Bob Savage highlights comments from Reserve Bank of New Zealand (RBNZ) policy member Prasanna Gai, who argues the Strait of Hormuz supply shock does not warrant automatic rate hikes.

BNP Paribas economists expect the United States (US) economy to grow above potential in 2026, with Gross Domestic Product (GDP) at 2.4% and inflation at 3.3%, while the Fed Funds target range is seen steady at 3.5%-3.75%.

Commerzbank’s Volkmar Baur highlights strong market conviction that the RBA will deliver a third consecutive rate hike, with futures implying a 75% probability. Inflation and expectations remain well above target and RBA rhetoric has turned more hawkish.

BNY’s Bob Savage points out that the Euro is holding above 1.1700 even as the US Dollar (USD) firms, with markets weighing divergent European Central Bank (ECB) rhetoric. François Villeroy de Galhau argues for waiting for more data, while Peter Kažimír signals near-certainty of a June rate hike.

USD/CHF trades around 0.7840 on Monday, up 0.28% on the day, supported by a renewed wave of risk aversion that is boosting the US Dollar (USD).

The Pound (GBP) reverses initial gains against the US Dollar (USD) on Monday and extends its correction from Friday’s highs above 1.3650, to session lows below 1.3550.

Commerzbank’s Michael Pfister argues that higher Oil prices are giving the Canadian Dollar (CAD) temporary support, but warns that a fragile Canadian economy and upcoming USMCA (United States-Mexico-Canada Agreement) talks could trigger setbacks.