Trading news

Silver price (XAG/USD) jumps 3% to near $73.00 in the Asian trading session on Tuesday.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, retreated from its highest level since May 2025, touched during the Asian session this Tuesday, snapping a five-day winning streak.

USD/CAD remains stronger for the seventh consecutive day, trading around 1.3930 during the Asian hours on Tuesday. The pair holds ground as the commodity-linked Canadian Dollar (CAD) struggles amid lower oil prices, given Canada’s status of the largest crude exporter to the United States (US).

Gold (XAU/USD) attracts buyers for the third straight day and rallies to a one-and-a-half-week top during the Asian session on Tuesday, though it struggles to find acceptance above the $4,600 mark.

West Texas Intermediate (WTI), futures on NYMEX, plunges over 3% to near $98.00 during the Asian trading session on Tuesday.

NZD/USD halts its five-day losing streak, trading around 0.5730 during the Asian hours on Tuesday. The pair remains stronger as the New Zealand Dollar (NZD) remains stronger following the release of China’s NBS Purchasing Managers’ Index (PMI) data.

Citing administration officials, the Wall Street Journal (WSJ) reported on Tuesday that US President Donald Trump told aides he is willing to end the US military campaign against Iran even if the Strait of Hormuz remains largely closed.

EUR/USD inches higher after five days of losses, trading around 1.1480 during the Asian hours on Tuesday.

The GBP/USD pair stages a modest recovery from the 1.3160-1.3155 area, or over a four-month trough touched during the Asian session this Tuesday, and for now, seems to have snapped a five-day losing streak.

China’s Manufacturing Purchasing Managers' Index (PMI) jumped to 50.4 in March, compared to 49 in February, according to the latest data published by the National Bureau of Statistics (NBS) on Tuesday.  

China NBS Manufacturing PMI registered at 50.4 above expectations (50.1) in March

China NBS Non-Manufacturing PMI registered at 50.1 above expectations (49.9) in March

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.9194 compared to the previous day's fix of 6.9223 and 6.9209 Reuters estimate.

The USD/JPY pair builds on the previous day's late rebound from the 159.35-159.30 area and gains some positive traction during the Asian session on Tuesday.

AUD/USD halts its five-day losing streak, trading around 0.6860 during the Asian hours on Tuesday. The pair advances as the Australian Dollar (AUD) receives support after the Reserve Bank of Australia released its March Meeting Minutes.

The Reserve Bank of Australia (RBA) published the Minutes of its March monetary policy meeting this Tuesday, which showed that board members agreed that further tightening would likely be needed.

Australia Private Sector Credit (YoY): 7.8% (February) vs 7.7%

Australia Private Sector Credit (MoM) meets expectations (0.6%) in February

Japan Large Retailer Sales remains at 3% in February

New Zealand ANZ Business Confidence fell from previous 59.2 to 32.5 in March