Danske Research Team highlights that ECB President Christine Lagarde sees the economic fallout from the Iran war as not yet reaching the ECB’s adverse scenario.

United Overseas Bank’s (UOB) strategists Quek Ser Leang and Lee Sue Ann keep a neutral stance on EUR/USD after Monday’s gap lower and subsequent recovery. They see scope for a further rebound but expects gains to be capped near 1.1805, with 1.1840 as major resistance.

Here are key findings from the Bank of Japan’s (BoJ) Financial System Report

United Kingdom Claimant Count Rate remains unchanged at 4.4% in March

Switzerland Imports (MoM): 21282M (March) vs 17380M

Switzerland Exports (MoM) rose from previous 21584M to 24458M in March

The United Kingdom’s (UK) ILO Unemployment Rate fell to 4.9% in the three months to February after reporting 5.2% in the previous reading, data published by the Office for National Statistics (ONS) showed on Tuesday.

Switzerland Trade Balance dipped from previous 4204M to 3177M in March

United Kingdom Employment Change (3M) dipped from previous 84K to 25K in February

United Kingdom Average Earnings Excluding Bonus (3Mo/Yr) came in at 3.6%, above expectations (3.5%) in February

United Kingdom Average Earnings Including Bonus (3Mo/Yr) above expectations (3.6%) in February: Actual (3.8%)

United Kingdom ILO Unemployment Rate (3M) registered at 4.9%, below expectations (5.2%) in February

United Kingdom Claimant Count Change came in at 26.8K, above forecasts (21.4K) in March

The Zentrum für Europäische Wirtschaftsforschung (ZEW) will release its German Economic Sentiment Index and the Current Situation Index for April at 09:00 GMT later on Tuesday.

Asian equities rise on Tuesday amid hopes for a resolution to the Middle East conflict.

Japanese Finance Minister Satsuki Katayama said on Tuesday that the country’s government will continue to closely monitor financial markets and take measures if needed.

Gold price (XAU/USD) trades on a flat note near $4,825 during the early Asian session on Tuesday. The precious metal steadies amid renewed geopolitical instability in the Middle East.  

New Zealand’s Consumer Price Index (CPI) climbed 3.1% YoY in the first quarter (Q1) of 2026, compared with the 3.1% increase seen in the fourth quarter of 2025, according to the latest data published by Statistics New Zealand on Tuesday.

New Zealand Consumer Price Index (YoY) came in at 3.1%, above forecasts (2.9%) in 1Q

New Zealand NZIER Business Confidence (QoQ): -4% (1Q) vs previous 48%

Commerzbank’s Dr. Henry Hao argues China is better positioned than other Asian economies to withstand energy disruptions from Middle East tensions and Strait of Hormuz risks.

OCBC strategists Sim Moh Siong and Christopher Wong note USD/SGD rebounded sharply after Iran reclosed the Strait of Hormuz, reversing Friday’s drop to 1.2667.

UOB economists Julia Goh and Loke Siew Ting notes that Malaysia’s export momentum softened in March but the trade surplus widened to a one-year high. Strong Electrical and Electronics (E&E) shipments and re-exports supported exports, while imports were driven by capital goods.

BNP Paribas reports China’s Gross Domestic Product (GDP) growth at 5.0% year-on-year in Q1 2026 and for 2025 overall, with a moderate slowdown expected in 2026. The bank highlights a K-shaped pattern, with strong exports but weak domestic demand and a persistent property crisis.

Argentina Trade Balance (MoM) below expectations ($1010M) in March: Actual ($2M)

OCBC strategists Sim Moh Siong and Christopher Wong argue that Asian FX will likely unwind Friday’s rally after Iran’s renewed closure of the Strait of Hormuz. High‑beta KRW is seen leading the pullback, while TWD, INR, THB and PHP also soften on Oil sensitivity.

TD Securities analysts note that Canadian Consumer Price Index (CPI) rose 0.9% m/m in March, lifting annual inflation to 2.4% y/y, driven mainly by higher gasoline and transportation costs.

Rabobank’s Senior FX Strategist Jane Foley notes that Governor Ueda’s earlier hawkish signals have been tempered by more cautious comments at the IMF meetings, leading some forecasters to doubt an April Bank of Japan (BoJ) rate hike.

Royal Bank of Canada (RBC) economist Abbey Xu notes that Canadian headline Consumer Price Index (CPI) rose to 2.4% year-over-year, mainly on higher energy prices linked to conflict in the Middle East and tax distortions.

BNP Paribas expects Eurozone Gross Domestic Product (GDP) growth to edge up to 1.6% in 2026 from 1.5% in 2025, supported by German fiscal measures, higher military spending and AI-related investment.