Trading news

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.8589 compared to the previous day's fix of 6.8579 and 6.8282 Reuters estimate.

The USD/JPY pair is seen consolidating in a narrow band around mid-159.00s during the Asian session on Tuesday as traders opt to wait for the crucial Bank of Japan (BoJ) before placing fresh directional bets.

AUD/USD extends its gains for the third consecutive day, trading around 0.7190 during the Asian hours on Monday. The pair holds gains as the Australian Dollar (AUD) receives support, rising expectations of the Reserve Bank of Australia’s (RBA) rate hikes.

Japan’s Finance Minister Satsuki Katayama said on Tuesday that the economy is rebounding moderately with sustained wage growth momentum, but the outlook calls for caution.

The EUR/USD pair trades with mild gains around 1.1725 during the early Asian session on Tuesday. However, the potential upside might be limited as market sentiment remains fragile due to stalled US-Iran peace talks.

United Kingdom BRC Shop Price Index (YoY) came in at 1% below forecasts (1.5%) in April

US Treasury Secretary Scott Bessent warned that the United States (US)  will place sanctions on anyone conducting business with sanctioned Iranian airlines as commercial flights resume from Tehran, the Wall Street Journal reported on Monday.

Commerzbank’s Charlie Lay, Dr. Henry Hao and Moses Lim argue that the war in Iran has delivered a stagflationary shock to Asia, pushing inflation forecasts higher while leaving growth risks skewed to the downside.

GBP/USD ended Monday largely unchanged from Friday's closing bids close to 1.3535, with the pair drifting in a tight range through the European and US sessions.

Japan Unemployment Rate came in at 2.7%, above expectations (2.6%) in March

Japan Jobs / Applicants Ratio meets expectations (1.18) in March

US President Donald Trump and his national security team discussed Iran’s proposal to reopen the Strait of Hormuz and end the war, Reuters reported on Monday.  

Gold price (XAU/USD) slumps to near $4,685 during the early Asian session on Tuesday. Markets turn to "wait-and-see" mode ahead of the US Federal Reserve (Fed) interest rate decision and shifting developments in the Middle East conflict.

United Overseas Bank’s (UOB) Jester Koh highlights that Singapore’s industrial production rose strongly in March, lifting estimated 1Q26 GDP growth.

The Bank of Japan (BoJ) will announce its monetary policy decision on Tuesday, at around 3:00 GMT. The BoJ is widely expected to deliver a hawkish hold, keeping the benchmark interest rate unchanged at 0.75% while also hinting at a willingness to hike rates.

The NZD/USD pair is trading with a firmer tone on Tuesday, hovering near the 0.5910 region as the US Dollar (USD) struggles to extend its recent strength.

Commerzbank’s FX team highlights that CNY is the only Asian currency stronger against the Dollar since late February, helped by robust exports and policy support.

NZD/USD posted limited gains of around 0.4% on Monday, settling close to 0.5905 but stalling just below the 0.5925 area that capped last week's recovery.

USD/JPY ended Monday largely unchanged from Friday's closing bids near 159.40, oscillating in a tight 75-pip range between 159.10 and 159.85. The session produced a cluster of small-bodied candles reflecting indecision ahead of Tuesday's Bank of Japan (BoJ) decision.

The Australian Dollar soars some 0.53% on Monday, with the Greenback staying firm amid uncertainty regarding the outcome of the US-Iran conflict as Washington reviews Tehran’s last proposal to end the war. At the time of writing, the AUD/USD trades at 0.7185 after bouncing off daily lows of 0.7125.