Forex News Timeline

07:29 AUD/USD Price Forecast: Rebounds as RBA’s Bullock clarifies inflation was already high
The AUD/USD pair claws back a majority of its early losses, which arrived after the Reserve Bank of Australia’s (RBA) interest rate decision, and rebounds to near 0.7085, following Governor Michele Bullock’s press conference.

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Five out of nine members-led committee favored an interest rate hike, which signaled investors that the recent surge in global inflation expectations amid rising oil prices was the only driving force behind the rate hike decision.“The conflict in the Middle East has resulted in sharply higher fuel prices, which, if sustained, will add to inflation,” the RBA said in the monetary policy statement.However, RBA Governor Bullock clarified in her press conference that inflation in the Australian region was already high as demand was outstripping supply, even before the Middle East conflict, and the cash rate was not high enough to bring inflation back to target, The Age reported.Meanwhile, the US Dollar (USD) holds onto Monday’s corrective move ahead of the Federal Reserve’s (Fed) monetary policy announcement on Wednesday.AUD/USD technical analysisAUD/USD trades higher at around 0.7085 at the press time. The near-term bias is mildly bullish as spot holds above the rising 20-day Exponential Moving Average (EMA) near 0.7060, preserving the short-term uptrend from recent lows. Price action has repeatedly reverted to and bounced from this EMA, underscoring it as dynamic support within a steady grind higher. The 14-day Relative Strength Index (RSI) in the 40.00-60.00 range signals balanced momentum after easing from the 60.00-80.00 zone, which indicates tempered trend strength while upside potential remains intact.Initial resistance emerges at around 0.7100 just below last week’s 0.7120–0.7150 cap. A daily close above that band would reopen the path toward the mid-0.72s, followed by 0.7300. On the downside, the March 3 low of 0.6944 is the first support, followed by the February 6 low around 0.6900. A sustained move beneath the latter would strengthen the odds of a deeper corrective phase toward the 0.6770-0.6800 area.(The technical analysis of this story was written with the help of an AI tool.) RBA FAQs What is the Reserve Bank of Australia and how does it influence the Australian Dollar? The Reserve Bank of Australia (RBA) sets interest rates and manages monetary policy for Australia. Decisions are made by a board of governors at 11 meetings a year and ad hoc emergency meetings as required. The RBA’s primary mandate is to maintain price stability, which means an inflation rate of 2-3%, but also “..to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people.” Its main tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will strengthen the Australian Dollar (AUD) and vice versa. Other RBA tools include quantitative easing and tightening. How does inflation data impact the value of the Australian Dollar? While inflation had always traditionally been thought of as a negative factor for currencies since it lowers the value of money in general, the opposite has actually been the case in modern times with the relaxation of cross-border capital controls. Moderately higher inflation now tends to lead central banks to put up their interest rates, which in turn has the effect of attracting more capital inflows from global investors seeking a lucrative place to keep their money. This increases demand for the local currency, which in the case of Australia is the Aussie Dollar. How does economic data influence the value of the Australian Dollar? Macroeconomic data gauges the health of an economy and can have an impact on the value of its currency. Investors prefer to invest their capital in economies that are safe and growing rather than precarious and shrinking. Greater capital inflows increase the aggregate demand and value of the domestic currency. Classic indicators, such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can influence AUD. A strong economy may encourage the Reserve Bank of Australia to put up interest rates, also supporting AUD. What is Quantitative Easing (QE) and how does it affect the Australian Dollar? Quantitative Easing (QE) is a tool used in extreme situations when lowering interest rates is not enough to restore the flow of credit in the economy. QE is the process by which the Reserve Bank of Australia (RBA) prints Australian Dollars (AUD) for the purpose of buying assets – usually government or corporate bonds – from financial institutions, thereby providing them with much-needed liquidity. QE usually results in a weaker AUD. What is Quantitative tightening (QT) and how does it affect the Australian Dollar? Quantitative tightening (QT) is the reverse of QE. It is undertaken after QE when an economic recovery is underway and inflation starts rising. Whilst in QE the Reserve Bank of Australia (RBA) purchases government and corporate bonds from financial institutions to provide them with liquidity, in QT the RBA stops buying more assets, and stops reinvesting the principal maturing on the bonds it already holds. It would be positive (or bullish) for the Australian Dollar.

07:14 EUR/USD declines below 1.1500 as markets await Fed, ECB rate decisions
The EUR/USD pair trades in negative territory around 1.1490 during the early European session on Tuesday.

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The Fed is likely to leave the interest rates unchanged at its March meeting on Wednesday.The ECB is expected to keep its deposit rate steady on Thursday. The EUR/USD pair trades in negative territory around 1.1490 during the early European session on Tuesday. The US Dollar (USD) strengthens against the Euro (EUR) as surging oil prices due to the US and Israel's war on Iran have made traders more worried about inflation, triggering a sharp repricing of Federal Reserve (Fed) rate outlooks. The Fed and the European Central Bank (ECB) interest rate decisions will be in the spotlight later this week. The US central bank is expected to keep its benchmark interest rate unchanged in the current range of 3.50% to 3.75% when it concludes its two-day meeting on Wednesday. Rising oil prices since the start of the Iran war have led analysts to push back their rate cut expectations. Goldman Sachs economists dialed back Fed rate reduction bets in June based on “a higher inflation path.” They predicted cuts in September and December, versus June and September previously.On the Euro front, the ECB is anticipated to hold its benchmark deposit rate steady at 2.0% at its March meeting on Thursday. Nonetheless, ECB Governing Council member Peter Kazimir suggested policymakers could opt for a hike in rates sooner than expected.Interest rate futures are fully pricing a rate hike by the end of July and about a 55% probiability of a second one by the end of December. But economists polled by Reuters March 9-13 stuck to their long‑held view of steady rates. Euro FAQs What is the Euro? The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%). What is the ECB and how does it impact the Euro? The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money. How does economic data influence the value of the Euro? Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy. How does the Trade Balance impact the Euro? Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

07:10 USD/INR recovers due to continuous FIIs selling in Indian stock market
The Indian Rupee (INR) trades lower against the US Dollar (USD) in the opening trade on Tuesday. The USD/INR pair rebounds to near 92.90 after a correction on Monday as the Indian Rupee resumes its downside journey amid the continuous outflow of foreign funds from the Indian stock market.

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The USD/INR pair rebounds to near 92.90 after a correction on Monday as the Indian Rupee resumes its downside journey amid the continuous outflow of foreign funds from the Indian stock market.The outflow of a significant chunk of investment by overseas investors from emerging economies, such as India, dampens sentiment for the domestic currency.Accelerating FIIs selling is hurting Indian RupeeSo far in March, Foreign Institutional Investors (FIIs) have remained net sellers on all trading days, and have offloaded their stake worth Rs. 66,248.74 crore, according to data from NSE. FIIs are trimming their investment amid fears that rising oil prices due to tensions in the Middle East, which involve the United States (US), Israel, and Iran, would be a key drag on Nifty50 earnings in the last quarter of the current fiscal year.Also, an absence of signs of de-escalation in the Middle East war has weakened investors’ risk appetite, which in turn has increased the safe-haven appeal of the US Dollar.Earlier in the day, Israel Defence Forces (IDF) announced through a post on X that it had launched a series of airstrikes on the Iranian regime’s infrastructure and Hezbollah’s infrastructure in Beirut.Meanwhile, broader strength in the US Dollar is also strengthening the USD/INR pair. As of writing, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades marginally higher to near 100.00. On Monday, the DXY corrected sharply from its over nine-month high of 100.54 posted on Friday.The outlook of the US Dollar remains firm as higher oil prices due to the closure of the Strait of Hormuz amid Iran conflicts have raised US inflation expectations, a scenario that discourages Federal Reserve (Fed) officials from easing monetary policy conditions.The Fed will hold interest rates steady on WednesdayAccording to the CME FedWatch tool, traders are confident that the Fed will not cut interest rates before the September policy meeting. Also, the odds of an interest rate cut in the September meeting are almost 50%.For official cues on the US interest rate outlook, investors will focus on the Fed’s monetary policy announcement and Chair Jerome Powell’s press conference on Wednesday. Market participants will also pay close attention to the Fed’s dot plot, which shows where policymakers expect interest rates to be in the medium and long term.Technical Analysis: USD/INR stays broadly firm as 20-day EMA keeps risingUSD/INR trades higher at around 92.90 as of writing. The near-term bias is bullish as price holds above the rising 20-day Exponential Moving Average (EMA) near 92.08 while printing a sequence of higher closes. Momentum remains positive with the 14-day Relative Strength Index (RSI) staying inside the 60.00-80.00 zone, which signals firm buying pressure rather than exhaustion at this stage.Initial support emerges at 92.60, where the latest pullback stalled above the dynamic floor from the 20-day EMA. A break below this area would expose 92.10 as the next downside level, guarding a deeper retracement toward 91.70. On the topside, immediate resistance stands at 93.00, and a sustained move above this barrier would open the way toward the 93.50 region as the next upside objective.(The technical analysis of this story was written with the help of an AI tool.) Indian Rupee FAQs What are the key factors driving the Indian Rupee? The Indian Rupee (INR) is one of the most sensitive currencies to external factors. The price of Crude Oil (the country is highly dependent on imported Oil), the value of the US Dollar – most trade is conducted in USD – and the level of foreign investment, are all influential. Direct intervention by the Reserve Bank of India (RBI) in FX markets to keep the exchange rate stable, as well as the level of interest rates set by the RBI, are further major influencing factors on the Rupee. How do the decisions of the Reserve Bank of India impact the Indian Rupee? The Reserve Bank of India (RBI) actively intervenes in forex markets to maintain a stable exchange rate, to help facilitate trade. In addition, the RBI tries to maintain the inflation rate at its 4% target by adjusting interest rates. Higher interest rates usually strengthen the Rupee. This is due to the role of the ‘carry trade’ in which investors borrow in countries with lower interest rates so as to place their money in countries’ offering relatively higher interest rates and profit from the difference. What macroeconomic factors influence the value of the Indian Rupee? Macroeconomic factors that influence the value of the Rupee include inflation, interest rates, the economic growth rate (GDP), the balance of trade, and inflows from foreign investment. A higher growth rate can lead to more overseas investment, pushing up demand for the Rupee. A less negative balance of trade will eventually lead to a stronger Rupee. Higher interest rates, especially real rates (interest rates less inflation) are also positive for the Rupee. A risk-on environment can lead to greater inflows of Foreign Direct and Indirect Investment (FDI and FII), which also benefit the Rupee. How does inflation impact the Indian Rupee? Higher inflation, particularly, if it is comparatively higher than India’s peers, is generally negative for the currency as it reflects devaluation through oversupply. Inflation also increases the cost of exports, leading to more Rupees being sold to purchase foreign imports, which is Rupee-negative. At the same time, higher inflation usually leads to the Reserve Bank of India (RBI) raising interest rates and this can be positive for the Rupee, due to increased demand from international investors. The opposite effect is true of lower inflation.

07:10 USD/JPY Price Forecast: Holds steady above 159.00 as bulls await Fed/BoJ policy updates
The USD/JPY pair attracts some dip-buying during the Asian session on Tuesday and stalls its modest pullback from the 159.75 area, or the highest level since July 2024, retested the previous day.

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Spot prices currently trade around the 159.20-159.25 region, though bulls seem hesitant amid intervention fears and ahead of the key central bank event risks.The US Federal Reserve (Fed) is scheduled to announce its decision at the end of a two-day meeting on Wednesday, which will be followed by the Bank of Japan (BoJ) policy update on Thursday. Investors will look for fresh cues about the central bank's rate outlook amid inflationary concerns stemming from a further escalation of conflicts in the Middle East. This, in turn, will provide some meaningful impetus to the USD/JPY pair and help in determining the next leg of a directional move.From a technical perspective, the near-term bias is mildly bullish as the USD/JPY pair holds well above the rising 200-period Simple Moving Average (SMA) on the 4-hour chart, indicating buyers retain control despite recent hesitancy. Furthermore, the Moving Average Convergence Divergence (MACD) has turned slightly positive after recovering from negative territory, suggesting improving upward momentum.That said, the Relative Strength Index (RSI) near 49 stays close to the neutral line, which reinforces a modest upside tone rather than a strong trending move. Hence, any further move up is more likely to confront some resistance near the 159.75 region ahead of 160.00, where psychological offers could cap gains. A clear hourly close above the latter would strengthen the bullish case and pave the way for a retest of higher highs in the coming sessions.On the downside, initial support emerges at 159.00, with a break exposing the next downside level near the 200-period SMA around 158.40. A sustained move below that area would weaken the current bullish bias and open the door toward 158.00. On the upside, immediate resistance stands at 159.60, the recent intraday high zone, followed by(The technical analysis of this story was written with the help of an AI tool.)USD/JPY 4-hour chart Japanese Yen FAQs What key factors drive the Japanese Yen? The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. How do the decisions of the Bank of Japan impact the Japanese Yen? One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen. How does the differential between Japanese and US bond yields impact the Japanese Yen? Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential. How does broader risk sentiment impact the Japanese Yen? The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.

07:06 EUR/JPY holds gains above 183.00 as BoJ expected to hold rates steady
EUR/JPY extends its gains for the second successive session, trading around 183.10 during the Asian hours on Tuesday. The currency cross appreciates as the Japanese Yen (JPY) struggles amid the BoJ's widely expected to keep interest rates unchanged at 0.75% on Thursday.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}EUR/JPY rises as the Japanese Yen weakens, with the BoJ expected to keep rates unchanged at 0.75% on Thursday.The Japanese Yen may find support on expectations of potential intervention by Japanese authorities.The Euro received support from eased oil prices, which helped lift investor sentiment.EUR/JPY extends its gains for the second successive session, trading around 183.10 during the Asian hours on Tuesday. The currency cross appreciates as the Japanese Yen (JPY) struggles amid the BoJ's widely expected to keep interest rates unchanged at 0.75% on Thursday. However, the JPY’s downside could be restrained amid potential intervention by Japanese authorities.Japan’s Finance Minister Satsuki Katayama said on Tuesday that financial markets are seeing heightened volatility, adding that authorities stand ready to act if necessary, including in the foreign exchange market.Meanwhile, Bank of Japan (BoJ) Governor Kazuo Ueda said underlying inflation is gradually moving toward the bank’s 2% target, adding that policy will be guided appropriately to achieve stable and sustainable inflation.The risk-sensitive EUR/JPY cross appreciates as the Euro (EUR) receives support from eased oil prices, which helped lift investor sentiment. It’s worth noting that high Crude Oil prices could weigh on the Eurozone economic growth, given the region’s heavy reliance on imported energy.Oil prices declined as several tankers safely navigated the Strait of Hormuz, while major economies are expected to release petroleum reserves to help offset potential supply disruptions.Traders expect President Christine Lagarde to signal how the ECB plans to shield the eurozone from conflict-driven inflation and rising energy costs. The central bank is widely expected to keep the Main Refinancing Rate unchanged at 2.15% on Thursday, while money markets fully price in a rate hike by July. Euro FAQs What is the Euro? The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%). What is the ECB and how does it impact the Euro? The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money. How does economic data influence the value of the Euro? Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy. How does the Trade Balance impact the Euro? Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

06:49 Japan Tertiary Industry Index (MoM) came in at 1.7%, above forecasts (0.8%) in January
Japan Tertiary Industry Index (MoM) came in at 1.7%, above forecasts (0.8%) in January

06:38 WTI Price Forecast: Retakes $95.00 amid supply concerns and bullish technical setup
West Texas Intermediate (WTI) Crude Oil prices regain some positive traction during the Asian session on Tuesday and recover a part of the previous day's retracement slide from the vicinity of the $100.00 psychological mark.

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The commodity currently trades just above the $95.00 round figure, up nearly 2% for the day.The Strait of Hormuz - a chokepoint for about 20% of the world’s oil and liquefied natural gas trade - has been largely disrupted since the US-Israeli war on Iran. The effective closure of the critical waterway has been fueling concerns about supply shortages and is turning out to be a key factor acting as a tailwind for Crude Oil prices.From a technical perspective, the near-term bias is mildly bullish as the commodity holds above the $94.22 area, which aligns with the 50% Fibonacci retracement level of the $112.83-$75.61 fall. Moreover, Crude Oil prices also trade comfortably above the 200-hour Simple Moving Average (SMA) around $88.33, which reinforces an underlying upward bias despite the recent pullback from the $98 handle.Meanwhile, the Moving Average Convergence Divergence (MACD) histogram has turned less negative, and the MACD line is edging above the signal line near the zero area, hinting at recovering upside momentum, while the Relative Strength Index (RSI) fluctuates around 50, consistent with a market attempting to rebuild directional pressure after consolidation.Initial support emerges at $94.22, with a break there exposing a deeper retracement toward the $92.50–$92.25 congestion zone ahead of the 38.2% Fibonacci level at $89.83. Below that, the 200-period SMA near $88.33 acts as a more distant downside buffer.On the topside, immediate resistance stands at $95.80–$96.00, where recent intraday highs cluster, followed by the 61.8% retracement at $98.61, which capped the latest advance. A clear hourly close above $98.61 would open the way toward the $104.87 Fibonacci barrier, while failure to overcome $96.00 would keep the recovery fragile and leave the focus back on $94.22 support.(The technical analysis of this story was written with the help of an AI tool.)WTI 1-hour chart WTI Oil FAQs What is WTI Oil? WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media. What factors drive the price of WTI Oil? Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa. How does inventory data impact the price of WTI Oil The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price. Higher inventories can reflect increased supply, pushing down prices. API’s report is published every Tuesday and EIA’s the day after. Their results are usually similar, falling within 1% of each other 75% of the time. The EIA data is considered more reliable, since it is a government agency. How does OPEC influence the price of WTI Oil? OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.

06:35 India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.

05:54 Gold rises on Middle East tensions; inflation fears temper rate cut bets and cap gains
Gold (XAU/USD) edges higher during the Asian session on Tuesday, though it lacks follow-through and remains close to an over three-week low, touched the previous day.

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There are few signs that the US-Israeli war on Iran is ending soon amid the escalating conflict between Israel and Hezbollah in Lebanon. In fact, the Israeli military said that it is expanding ground assault in southern Lebanon – an area where the militant group Hezbollah is known to hold sway. This keeps geopolitical risks in play and turns out to be a key factor lending some support to the safe-haven precious metal.As the war enters its third week, Iran continues to attack civilian infrastructure – airports, ports, oil facilities, and commercial hubs – in the six Gulf states with missiles and drones. Furthermore, the disruption of shipping through the Strait of Hormuz – a key chokepoint for a fifth of global oil supply – remains supportive of elevated Crude prices. This continues to fuel inflationary concerns, which could force the US Federal Reserve (Fed) to keep interest rates higher for ‌longer and even consider rate hikes. The outlook, in turn, caps the non-yielding Gold and warrants caution for bulls.Meanwhile, hawkish implications of the ongoing conflict in the Middle East revive the US Dollar (USD) demand following the overnight pullback from its highest level since May 2025 and contribute to keeping a lid on the XAU/USD pair. The USD bulls, however, seem hesitant and opt to wait for the outcome of a two-day FOMC meeting on Wednesday. Moreover, policy updates by other major central banks – the European Central Bank (ECB), the Bank of Japan (BoJ), and the Bank of England (BoE) – should provide a fresh impetus to the Gold during the latter part of the week.XAU/USD 4-hour chartGold seems vulnerable as breakdown below 200-period SMA and 38.2% Fibo. level remains in playThe recent breakdown through the 200-period Simple Moving Average (SMA) on the 4-hour chart and acceptance below the 38.2% Fibonacci retracement level of the February-March move up favors the XAU/USD bears. Moreover, the Moving Average Convergence Divergence (MACD) indicator (12, 26, 9) remains below zero with the line under its signal and a negative histogram, signaling persistent downside momentum. The Relative Strength Index (RSI) at 41 leans toward the weak side of neutral and aligns with sellers retaining the initiative for now.Immediate resistance emerges at the 38.2% Fibo. retracement near $5,040, followed by the 200-period SMA around $5,063, with a break above this zone needed to ease bearish pressure and open the way toward the 23.6% Fibo. retracement at $5,186. On the downside, initial support is located at the psychological $5,000 area, ahead of the recent lows near $4,995–$4,985, where failure would expose deeper retracement toward the 50.0% retracement level at $4,921.41. A sustained close back above the 200-period SMA would weaken the bearish tone, while continued rejection below $5,040 keeps the focus on lower supports.(The technical analysis of this story was written with the help of an AI tool.) Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

05:52 AUD/NZD trims a part of intraday gains as RBA rate hike vote split undermines AUD
The AUD/NZD cross trims a part of its intraday gains to the 1.2120 area, or the highest level since May 2013, following the key Reserve Bank of Australia (RBA) rate decision, though it lacks follow-through selling.

05:40 Australian Dollar declines after RBA raises interest rate by 25 bps to 4.10%
The AUD/USD pair attracts some sellers to near 0.7060 during Asian trading hours on Tuesday. The Australian Dollar (AUD) edges lower against the US Dollar (USD) after the Reserve Bank of Australia (RBA) interest rate decision.

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RBA raised its OCR by 25 bps to 4.10% at its March meeting, as expected. The Fed is set to hold interest rates steady at its March meeting on Wednesday. The AUD/USD pair attracts some sellers to near 0.7060 during Asian trading hours on Tuesday. The Australian Dollar (AUD) edges lower against the US Dollar (USD) after the Reserve Bank of Australia (RBA) interest rate decision. Traders will keep an eye on the RBA press conference later on Tuesday at 4:30 GMT for more cues about the interest rate outlook. As widely expected, the RBA hiked the Official Cash Rate (OCR) by 25 basis points (bps) to 4.10% from 3.85% after concluding its March monetary policy meeting. RBA Governor Michele Bullock is set to deliver a press conference explaining the monetary policy decision later in the day. Any hawkish remarks from policymakers could boost the Aussie against the Greenback in the near term.All eyes will be on the US Federal Reserve (Fed) interest rate decision later on Wednesday. The Fed is expected to keep its benchmark interest rate unchanged in the current range of 3.50% to 3.75% when it concludes its two-day meeting on Wednesday. Rising energy prices since the beginning of the Iran war have led analysts to push back their rate-cut expectations. Goldman Sachs economists scrapped their forecast for a Fed rate cut in June based on “a higher inflation path.” They predicted cuts in September and December, versus June and September previously. Australian Dollar FAQs What key factors drive the Australian Dollar? One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs. How does the price of Iron Ore impact the Australian Dollar? Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD. How does the Trade Balance impact the Australian Dollar? The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.

05:39 AUD/JPY inches lower to near 112.50 despite RBA rate hike
AUD/JPY pares its daily gains, trading around 112.50 during the Asian hours on Tuesday. The currency cross loses ground as the Australian Dollar (AUD) struggles following the release of the Reserve Bank of Australia (RBA) policy decision.

05:30 Australia RBA Interest Rate Decision meets forecasts (4.1%)
Australia RBA Interest Rate Decision meets forecasts (4.1%)

05:18 US Dollar Index holds correction near 100.00 in countdown to Fed policy
The US Dollar (USD) holds its Monday’s corrective move, which was driven by a significant retracement in the oil price that eased de-anchored consumer inflation concerns.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}The US Dollar Index clings to Monday’s correction near 100.00 with the Fed’s policy in the spotlight.Iran allows many nations to ship their energy tankers from the Strait of Hormuz.The Fed is expected to hold interest rates steady on Wednesday.The US Dollar (USD) holds its Monday’s corrective move, which was driven by a significant retracement in the oil price that eased de-anchored consumer inflation concerns.As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally higher near 99.90.The USD Index corrected sharply from its over nine-month high of 100.54 posted on Friday as the oil price tumbled after Iran allowed many countries to ship their oil and Liquefied Petroleum Gas (LPG) tankers from the Strait of Hormuz, potentially easing energy supply concerns.The Greenback has registered a strong rally in the past few weeks as Iran conflicts with the United States (US) and Israel increased its safe-haven appeal. Also, higher oil prices weakened speculation of near-term interest rate cuts by the Federal Reserve (Fed).According to the CME FedWatch tool, traders are confident that the Fed will not cut interest rates before the September policy meeting. Also, the odds of an interest rate cut in the September meeting are almost 50%.For more cues on the monetary policy outlook, investors will focus on the Fed’s policy meeting on Wednesday. In the meeting, investors will also focus on the FOMC Economic Projections report, which will show forecasts regarding interest rates, inflation, and economic growth. US Dollar FAQs What is the US Dollar? The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away. How do the decisions of the Federal Reserve impact the US Dollar? The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback. What is Quantitative Easing and how does it influence the US Dollar? In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar. What is Quantitative Tightening and how does it influence the US Dollar? Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.

04:55 GBP/USD Price Forecast: Tests 1.3300 support as bearish bias prevails
GBP/USD inches lower after registering nearly 0.75 gains in the previous session, trading around 1.3310 during the Asian hours on Tuesday.

.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price td.light-green{background-color:#9cd6cd}.fxs-major-currency-prices-currency-price td.gray{background-color:#888a93}.fxs-major-currency-prices-currency-price td.light-red{background-color:#faafb5}.fxs-major-currency-prices-currency-price td.strong-red{background-color:#f55e6a}GBP/USD may fall toward the three-month low of 1.3218.The 14-day RSI near 39 signals persistent selling pressure without signs of capitulation.The immediate resistance is seen at the nine-day EMA at 1.3349.GBP/USD inches lower after registering nearly 0.75 gains in the previous session, trading around 1.3310 during the Asian hours on Tuesday. The short-term bias stays mildly bearish as spot holds below the declining nine-day Exponential Moving Average (EMA) and now trades under the flatter 50-day EMA, signalling fading upside momentum. The recent sequence of lower closes from the 1.36 area and failure to reclaim the short-term average confirms that rallies remain vulnerable to renewed downside interest.Additionally, the technical analysis of the daily chart indicates a persistent bearish bias, as the pair moves downwards within the descending channel pattern. Moreover, the 14-day Relative Strength Index (RSI) sits around 39, below the 50 midline but off oversold extremes, signalling persistent selling pressure without capitulation.The GBP/USD pair is testing the immediate support at the psychological level of 1.3300, followed by the three-month low of 1.3218, which was recorded on March 13. Further declines would open the doors for the GBP/USD pair to navigate the region around the descending channel’s lower boundary around 1.3100, followed by the 11-month low at 1.3010.On the upside, the GBP/USD pair may find an immediate barrier at the nine-day EMA at 1.3349, followed by the upper descending channel boundary around 1.3390. A break above this confluence resistance zone would cause the emergence of the bullish bias and support the GBP/USD pair to test the 50-day EMA at 1.3458. The improved medium-term price momentum may lead the pair to explore the area around 1.3869, the highest since September 2021, reached on January 27.GBP/USD: Daily Chart(The technical analysis of this story was written with the help of an AI tool.) Pound Sterling Price Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the Australian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.06% 0.08% 0.18% -0.01% -0.12% 0.20% 0.11% EUR -0.06% 0.00% 0.13% -0.08% -0.17% 0.14% 0.05% GBP -0.08% -0.01% 0.11% -0.10% -0.20% 0.12% 0.03% JPY -0.18% -0.13% -0.11% -0.18% -0.29% 0.03% -0.06% CAD 0.01% 0.08% 0.10% 0.18% -0.11% 0.22% 0.13% AUD 0.12% 0.17% 0.20% 0.29% 0.11% 0.32% 0.23% NZD -0.20% -0.14% -0.12% -0.03% -0.22% -0.32% -0.09% CHF -0.11% -0.05% -0.03% 0.06% -0.13% -0.23% 0.09% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).

03:57 NZD/USD seems vulnerable around mid-0.5800s; below 200-day SMA ahead of Fed, NZD GDP
The NZD/USD pair meets with a fresh supply during the Asian session on Tuesday and erodes a part of the previous day's solid recovery from the vicinity of a one-month low, touched last week.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}NZD/USD drifts lower during the Asian session amid the emergence of some USD buying.A recovery in the global risk sentiment could cap the safe-haven USD and support the pair.Traders also await the Fed rate decision on Wednesday and the NZ GDP print on Thursday.The NZD/USD pair meets with a fresh supply during the Asian session on Tuesday and erodes a part of the previous day's solid recovery from the vicinity of a one-month low, touched last week. Spot prices currently trade just below mid-0.5800s and seem vulnerable while below a technically significant 200-day Simple Moving Average (SMA).Investors now seem worried that a surge in Crude Oil prices following the US-Israel strikes on Iran would revive inflationary pressures and force the US Federal Reserve (Fed) to delay cutting interest rates. This assists the US Dollar (USD) to attract some dip-buyers and stall the overnight pullback from its highest level since May 2025, which, in turn, is seen as a key factor exerting some downward pressure on the NZD/USD pair.Meanwhile, the Iran war has added a new layer of tension to the already strained relations between the US and China. In fact, US President Donald Trump said on Monday that he is planning to delay a high-stakes visit to China later in March by about a month because of the Iran war. This turns out to be another factor that undermines antipodean currencies, including the Kiwi, and contributes to the NZD/USD pair's downtick.That said, efforts to reopen shipping traffic in the Strait of Hormuz boost investors' confidence. This is evident from a modest recovery in the global risk sentiment, which might keep a lid on any further appreciation for the safe-haven buck. Traders might also opt to wait on the sidelines ahead of the highly-anticipated FOMC policy decision on Wednesday. This, in turn, could act as a tailwind for the NZD/USD pair and help limit losses.Investors this week will also confront the release of the quarterly GDP report from New Zealand, which could influence the New Zealand Dollar (NZD). Nevertheless, the aforementioned fundamental backdrop, along with a failure near the 200-day SMA, suggests that the path of least resistance for the NZD/USD pair is to the downside. Hence, any attempted recovery could be seen as a selling opportunity and is likely to remain limited. New Zealand Dollar FAQs What key factors drive the New Zealand Dollar? The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health of the New Zealand economy and the country’s central bank policy. Still, there are some unique particularities that also can make NZD move. The performance of the Chinese economy tends to move the Kiwi because China is New Zealand’s biggest trading partner. Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another factor moving NZD is dairy prices as the dairy industry is New Zealand’s main export. High dairy prices boost export income, contributing positively to the economy and thus to the NZD. How do decisions of the RBNZ impact the New Zealand Dollar? The Reserve Bank of New Zealand (RBNZ) aims to achieve and maintain an inflation rate between 1% and 3% over the medium term, with a focus to keep it near the 2% mid-point. To this end, the bank sets an appropriate level of interest rates. When inflation is too high, the RBNZ will increase interest rates to cool the economy, but the move will also make bond yields higher, increasing investors’ appeal to invest in the country and thus boosting NZD. On the contrary, lower interest rates tend to weaken NZD. The so-called rate differential, or how rates in New Zealand are or are expected to be compared to the ones set by the US Federal Reserve, can also play a key role in moving the NZD/USD pair. How does economic data influence the value of the New Zealand Dollar? Macroeconomic data releases in New Zealand are key to assess the state of the economy and can impact the New Zealand Dollar’s (NZD) valuation. A strong economy, based on high economic growth, low unemployment and high confidence is good for NZD. High economic growth attracts foreign investment and may encourage the Reserve Bank of New Zealand to increase interest rates, if this economic strength comes together with elevated inflation. Conversely, if economic data is weak, NZD is likely to depreciate. How does broader risk sentiment impact the New Zealand Dollar? The New Zealand Dollar (NZD) tends to strengthen during risk-on periods, or when investors perceive that broader market risks are low and are optimistic about growth. This tends to lead to a more favorable outlook for commodities and so-called ‘commodity currencies’ such as the Kiwi. Conversely, NZD tends to weaken at times of market turbulence or economic uncertainty as investors tend to sell higher-risk assets and flee to the more-stable safe havens.

03:55 Japanese Yen weakens as USD strengthens, intervention looms
USD/JPY recovers losses from the previous session, trading near 159.40 during Asian hours on Tuesday. However, the upside of the pair may be limited as the Japanese Yen (JPY) could find support from potential intervention by Japanese authorities.

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However, the upside of the pair may be limited as the Japanese Yen (JPY) could find support from potential intervention by Japanese authorities. Japan’s Finance Minister Satsuki Katayama said on Tuesday that financial markets are experiencing elevated volatility, adding that the government is ready to respond if needed, including in the foreign exchange market.Meanwhile, Bank of Japan (BoJ) Governor Kazuo Ueda stated that underlying inflation is gradually moving toward the bank’s 2% target. Ueda added that the central bank will guide monetary policy appropriately to achieve stable and sustainable inflation. However, the BoJ is expected to keep interest rates unchanged at 0.75% on Thursday while maintaining the option for further policy tightening.The USD/JPY pair strengthens as the US Dollar (USD) gains on fading expectations for near-term Federal Reserve (Fed) interest rate cuts amid rising inflation concerns tied to the Middle East conflict. Surging crude oil prices have raised fears of higher inflation, reducing prospects for near-term monetary easing.Markets widely expect the US central bank to keep its benchmark interest rate unchanged in the 3.50%–3.75% range at Wednesday’s meeting, according to the CME FedWatch Tool. If the Fed holds rates steady, it would mark the second consecutive pause after the central bank’s previous easing cycle. Japanese Yen FAQs What key factors drive the Japanese Yen? The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. How do the decisions of the Bank of Japan impact the Japanese Yen? One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen. How does the differential between Japanese and US bond yields impact the Japanese Yen? Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential. How does broader risk sentiment impact the Japanese Yen? The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.

03:46 Canadian Dollar gains ground on rising oil prices, Fed rate decision looms
The USD/CAD pair posts modest losses around 1.3685 during the Asian trading hours on Tuesday. The ongoing conflict in the Middle East provides some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).

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Higher crude oil prices underpin the commodity-linked Canadian Dollar. The Fed is expected to keep its benchmark interest rate unchanged when it concludes its two-day meeting on Wednesday. The USD/CAD pair posts modest losses around 1.3685 during the Asian trading hours on Tuesday. The ongoing conflict in the Middle East provides some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). The US Federal Reserve (Fed) interest rate decision will take center stage later on Wednesday. Escalating tensions surrounding the US-Israeli conflict with Iran rattled global markets and pushed oil prices above the $100 per barrel mark. Retaliatory Iranian attacks across the region on ships, infrastructure and ports through which oil tankers transit raise fears of oil supply disruption. It is worth noting that Canada is a major oil-exporting country, and higher crude oil prices generally have a positive impact on the CAD. Nonetheless, disappointing Canadian employment data could drag the Loonie lower and act as a tailwind for the pair. Canada's economy unexpectedly lost a net 83,900 jobs in February, while the unemployment rate rose to 6.7% during the same period, according to Statistics Canada data released on Friday. The Iran war is complicating the outlook for the Fed, which is set to meet on Wednesday for its next interest rate decision. Traders see no chance of a Fed rate reduction at its March policy meeting on Wednesday, from the current range of 3.5% to 3.75%. Fed Chair Jerome Powell’s remarks after the rate decision will also be in the spotlight. The press conference on Wednesday may be Powell’s second to last, as his term as chair is set to end in May. Any hawkish comments from Powell could help limit the Greenback’s losses in the near term. Canadian Dollar FAQs What key factors drive the Canadian Dollar? The key factors driving the Canadian Dollar (CAD) are the level of interest rates set by the Bank of Canada (BoC), the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports. Other factors include market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – with risk-on being CAD-positive. As its largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar. How do the decisions of the Bank of Canada impact the Canadian Dollar? The Bank of Canada (BoC) has a significant influence on the Canadian Dollar by setting the level of interest rates that banks can lend to one another. This influences the level of interest rates for everyone. The main goal of the BoC is to maintain inflation at 1-3% by adjusting interest rates up or down. Relatively higher interest rates tend to be positive for the CAD. The Bank of Canada can also use quantitative easing and tightening to influence credit conditions, with the former CAD-negative and the latter CAD-positive. How does the price of Oil impact the Canadian Dollar? The price of Oil is a key factor impacting the value of the Canadian Dollar. Petroleum is Canada’s biggest export, so Oil price tends to have an immediate impact on the CAD value. Generally, if Oil price rises CAD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Oil falls. Higher Oil prices also tend to result in a greater likelihood of a positive Trade Balance, which is also supportive of the CAD. How does inflation data impact the value of the Canadian Dollar? While inflation had always traditionally been thought of as a negative factor for a currency since it lowers the value of money, the opposite has actually been the case in modern times with the relaxation of cross-border capital controls. Higher inflation tends to lead central banks to put up interest rates which attracts more capital inflows from global investors seeking a lucrative place to keep their money. This increases demand for the local currency, which in Canada’s case is the Canadian Dollar. How does economic data influence the value of the Canadian Dollar? Macroeconomic data releases gauge the health of the economy and can have an impact on the Canadian Dollar. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the CAD. A strong economy is good for the Canadian Dollar. Not only does it attract more foreign investment but it may encourage the Bank of Canada to put up interest rates, leading to a stronger currency. If economic data is weak, however, the CAD is likely to fall.

03:15 PBOC sets USD/CNY reference rate at 6.8961 vs. 6.9057 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.8961 compared to the previous day's fix of 6.9057 and 6.8874 Reuters estimate.

03:04 EUR/USD slips below 1.1500 amid USD uptick; focus remains on central bank meetings
The EUR/USD pair struggles to capitalize on the previous day's goodish recovery move from the 1.1415-1.1410 area, or from the vicinity of the lowest level since July 2025, and edges lower during the Asian session on Tuesday.

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Spot prices currently trade just below the 1.1500 psychological mark, though the downside seems cushioned ahead of the key central bank event risks.The US Federal Reserve (Fed) is scheduled to announce its policy decision at the end of a two-day meeting on Wednesday, which will be followed by the European Central Bank (ECB) meeting on Thursday. Policymakers have been grappling with the prospect of renewed inflationary pressures on the back of a sharp rise in Crude Oil prices since the outbreak of the war in Iran. Hence, the policy outlook will play a key role in determining the near-term trajectory for the EUR/USD pair.In the meantime, bets that the Fed could delay cutting interest rates assist the US Dollar (USD) to attract some dip-buying and stall the overnight pullback from its highest level in May 2025. The shared currency, on the other hand, is undermined by worries that high Crude Oil prices could weigh on the Eurozone economic growth, given the region’s heavy reliance on imported energy. This, in turn, acts as a headwind for the EUR/USD pair and warrants caution for bullish traders.Meanwhile, US President Donald Trump repeated his call to nations to help reopen shipping traffic in the Strait of Hormuz. This leads to a modest recovery in the global risk sentiment, which is evident from a positive tone around the equity markets and might keep a lid on any meaningful appreciation for the safe-haven Greenback. Hence, it will be prudent to wait for strong follow-through selling before positioning for the resumption of the EUR/USD pair's downtrend. Euro FAQs What is the Euro? The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%). What is the ECB and how does it impact the Euro? The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money. How does economic data influence the value of the Euro? Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy. How does the Trade Balance impact the Euro? Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

03:02 Australian Dollar inches lower ahead of RBA policy decision
AUD/USD edges lower after posting more than 1.25% gains in the previous session, trading near 0.7060 during Asian hours on Tuesday.

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The pair could regain traction as the Australian Dollar (AUD) may find support as the Reserve Bank of Australia (RBA) is expected 25-basis-point interest rate hike later in the day, driven by rising inflation risks linked to higher oil prices.The RBA is widely expected to raise the Official Cash Rate (OCR) to 4.10% from 3.85%, potentially becoming the first G10 central bank to resume tightening. Market participants will closely watch RBA Governor Michele Bullock’s press conference for signals on the future policy path. Meanwhile, RBA Deputy Governor Andrew Hauser has warned that oil price shocks tied to the Iran conflict pose upside risks to inflation.A Reuters poll indicates economists expect the RBA to lift rates to 4.10% in March, with the possibility of another increase to 4.35% later this year. Westpac’s shift toward forecasting back-to-back rate hikes reinforces the view that the March meeting is “live,” which could lend support to Australian bond yields and the Australian Dollar.Meanwhile, the US Dollar (USD) has struggled amid easing tensions surrounding the Strait of Hormuz. However, its downside may be limited as expectations for US Federal Reserve rate cuts this year fade due to the economic impact of the Iran conflict. Concerns that surging crude oil prices could drive inflation higher have dampened expectations for near-term monetary easing. Australian Dollar FAQs What key factors drive the Australian Dollar? One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs. How does the price of Iron Ore impact the Australian Dollar? Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD. How does the Trade Balance impact the Australian Dollar? The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.

02:52 WTI rises above $94.00 as Middle East turmoil escalates
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $94.20 during the early Asian trading hours on Tuesday. The WTI price rises as the Iran war shows no signs of ending soon.

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Escalating tensions in the Middle East continue to boost the WTI price. The IEA will consider the release of more oil reserves to curb the economic impact of the US-Israel war with Iran. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $94.20 during the early Asian trading hours on Tuesday. The WTI price rises as the Iran war shows no signs of ending soon. Traders await the release of the American Petroleum Institute (API) report, which will be published later on Tuesday. The Israeli military said on Tuesday that it had detected missiles launched from Iran heading towards Israeli territory. It urged people in affected areas to head to shelters immediately. The United Arab Emirates (UAE) announced the temporary and full closure of the country’s airspace as “an exceptional precautionary measure.” UAE’s defense ministry said earlier it was responding to incoming missile and drone threats from Iran.Retaliatory Iranian attacks across the region on ships, infrastructure, and ports through which oil tankers transit raise fears that the war would turn into a protracted regional conflict. This, in turn, could boost the WTI price in the near term. On the other hand, the International Energy Agency (IEA) will consider the release of more oil reserves into the global market to cool rising oil prices. The IEA said that it will release a record 400 million barrels of oil. The release of emergency oil reserves by countries coordinated through the IEA can add temporary supply to the market and prevent a sharp spike in oil prices. WTI Oil FAQs What is WTI Oil? WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media. What factors drive the price of WTI Oil? Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa. How does inventory data impact the price of WTI Oil The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price. Higher inventories can reflect increased supply, pushing down prices. API’s report is published every Tuesday and EIA’s the day after. Their results are usually similar, falling within 1% of each other 75% of the time. The EIA data is considered more reliable, since it is a government agency. How does OPEC influence the price of WTI Oil? OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.

02:38 BoJ’s Ueda: Underlying inflation gradually accelerating toward our 2 percent target
Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday that underlying inflation gradually accelerating toward our 2% target. Ueda added that central bank will guide monetary policy appropriately to stably and durably achieve the inflation target.

02:30 RBA set for second consecutive rate hike as Iran war fuels concerns over high inflation
The Reserve Bank of Australia (RBA) is set to deliver another 25 basis points (bps) interest rate hike following its March monetary policy meeting on Tuesday, lifting the Official Cash Rate (OCR) to 4.10% from 3.85%.

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50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}The Reserve Bank of Australia is expected to deliver another 25 bps hike, lifting the interest rate to 4.10% in March.Eyes on RBA Governor Bullock’s press conference for cues on the monetary policy path outlook.The Australian Dollar is poised for a big reaction to the RBA policy announcements.The Reserve Bank of Australia (RBA) is set to deliver another 25 basis points (bps) interest rate hike following its March monetary policy meeting on Tuesday, lifting the Official Cash Rate (OCR) to 4.10% from 3.85%.The decision will be announced on Tuesday at 03:30 GMT, accompanied by the Monetary Policy Statement (MPS). RBA Governor Michele Bullock’s press conference will follow at 04:30 GMT.The Australian Dollar (AUD) is primed for intense volatility in reaction to the RBA policy announcement and Bullock’s presser.RBA rate hike is a done deal amid energy-driven inflation risksAs the war in the Middle East continues, central banks globally face a tough call over whether to look through the energy-driven inflation shock or push back against it and risk derailing the economic recovery.However, the RBA seems well-positioned to counter looming inflation risks by raising the OCR as the economy remains on a solid footing.Data from the Australian Bureau of Statistics (ABS) showed the Gross Domestic Product (GDP) rose 0.8% in the fourth quarter of 2025, above an upwardly revised 0.5% in the previous ⁠quarter and the market consensus of 0.6%. Annual growth accelerated to 2.6%, the fastest pace since early 2023.Meanwhile, the monthly Consumer Price Index (CPI) rose 0.4% in January, beating estimates of a 0.3% increase. Moreover, the annual inflation reading held at a firm 3.8%, above forecasts for a deceleration to 3.7%.During a speech at the AFR Business Summit in Sydney on March 2, Governor Michele Bullock said that the Board was uncertain if financial conditions were sufficiently restrictive to return inflation to the midpoint of the target in a reasonable timeframe, highlighting that developments in the Middle East serve as a reminder of persistent geopolitical uncertainty, and warning that a prolonged shock could add to inflation pressures Last week, RBA Deputy Governor Andrew Hauser warned that Oil price shocks pose upside risks to inflation amid uncertainty tied to the Iran conflict.“Volatility in Oil prices and tensions in the Middle East pose a genuine challenge for us [the central bank].” However, “The Australian economy in many ways is in good shape,” he said.Against this backdrop, ANZ, Westpac, Deutsche, Citi and the National Australia Bank (NAB) revised their call, projecting a rate hike this week.How will the Reserve Bank of Australia’s decision impact AUD/USD?The AUD is finding its feet against the US Dollar (USD) as it braces for the RBA showdown.AUD/USD could stage a solid recovery if the RBA’s MPS and Governor Bullock’s words suggest that rate hikes are here to stay.On the other hand, the Aussie pair could continue to face bearish pressure if Bullock warrants caution on future rate hikes and delivers a wait-and-see guidance.Dhwani Mehta, Asian Session Lead Analyst at FXStreet, highlights key technical levels for trading AUD/USD following the policy announcement.“The major has slipped under the 21-day Simple Moving Average (SMA) near 0.7070, signaling a loss of short-term upside momentum. The 14-day Relative Strength Index (RSI) has retreated toward the mid-40s, indicating fading bullish pressure and reinforcing the corrective tone after the pair failed to sustain gains above 0.7100.”“Immediate resistance emerges at the 21-day SMA around 0.7070, followed by the 0.7120 area, which limited the pair in February, acting as the next barrier, and 0.7150 capping the topside beyond there. On the downside, initial support is at 0.6980, which supported the sharp decline on Friday, guarding a deeper pullback toward 0.6960, where the 50-day SMA currently rises. A break below that zone would expose the 100-day SMA around 0.6770,” Dhwani adds. Economic Indicator RBA Interest Rate Decision The Reserve Bank of Australia (RBA) announces its interest rate decision at the end of its eight scheduled meetings per year. If the RBA is hawkish about the inflationary outlook of the economy and raises interest rates it is usually bullish for the Australian Dollar (AUD). Likewise, if the RBA has a dovish view on the Australian economy and keeps interest rates unchanged, or cuts them, it is seen as bearish for AUD. Read more. Next release: Tue Mar 17, 2026 03:30 Frequency: Irregular Consensus: 4.1% Previous: 3.85% Source: Reserve Bank of Australia RBA FAQs What is the Reserve Bank of Australia and how does it influence the Australian Dollar? The Reserve Bank of Australia (RBA) sets interest rates and manages monetary policy for Australia. Decisions are made by a board of governors at 11 meetings a year and ad hoc emergency meetings as required. The RBA’s primary mandate is to maintain price stability, which means an inflation rate of 2-3%, but also “..to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people.” Its main tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will strengthen the Australian Dollar (AUD) and vice versa. Other RBA tools include quantitative easing and tightening. How does inflation data impact the value of the Australian Dollar? While inflation had always traditionally been thought of as a negative factor for currencies since it lowers the value of money in general, the opposite has actually been the case in modern times with the relaxation of cross-border capital controls. Moderately higher inflation now tends to lead central banks to put up their interest rates, which in turn has the effect of attracting more capital inflows from global investors seeking a lucrative place to keep their money. This increases demand for the local currency, which in the case of Australia is the Aussie Dollar. How does economic data influence the value of the Australian Dollar? Macroeconomic data gauges the health of an economy and can have an impact on the value of its currency. Investors prefer to invest their capital in economies that are safe and growing rather than precarious and shrinking. Greater capital inflows increase the aggregate demand and value of the domestic currency. Classic indicators, such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can influence AUD. A strong economy may encourage the Reserve Bank of Australia to put up interest rates, also supporting AUD. What is Quantitative Easing (QE) and how does it affect the Australian Dollar? Quantitative Easing (QE) is a tool used in extreme situations when lowering interest rates is not enough to restore the flow of credit in the economy. QE is the process by which the Reserve Bank of Australia (RBA) prints Australian Dollars (AUD) for the purpose of buying assets – usually government or corporate bonds – from financial institutions, thereby providing them with much-needed liquidity. QE usually results in a weaker AUD. What is Quantitative tightening (QT) and how does it affect the Australian Dollar? Quantitative tightening (QT) is the reverse of QE. It is undertaken after QE when an economic recovery is underway and inflation starts rising. Whilst in QE the Reserve Bank of Australia (RBA) purchases government and corporate bonds from financial institutions to provide them with liquidity, in QT the RBA stops buying more assets, and stops reinvesting the principal maturing on the bonds it already holds. It would be positive (or bullish) for the Australian Dollar.

02:21 Israeli military says missiles from Iran heading towards Israel
The Israeli military said on Tuesday that it has detected missiles launched from Iran heading towards Israeli territory. It urged people in affected areas to head to shelters immediately.

02:09 Japan’s Katayama: Aware there is high volatility in financial markets
Japan’s Finance Minister Satsuki Katayama said on Tuesday that there is high volatility in financial markets, adding that she will respond against volatility in financial markets including foreign exchange.

01:38 US President Donald Trump says he wants to delay his meeting with Xi in China due to Iran war
US President Donald Trump said that the US has asked to delay his planned meeting with Chinese President Xi Jinping in Beijing by “a month or so” due to the ongoing war with Iran, CNBC reported on Monday.

01:21 Iranian Foreign Minister denies report of direct communication with US envoy Witkoff
Iran’s Foreign Minister, Abbas Araghchi, on Monday said his last contact with US envoy Steve Witkoff occurred before the US military strike on Iran on February 28.

01:07 China: Growth risks from Oil and US tensions – TD Securities
TD Securities’ Alex Loo notes China’s economy started 2026 strongly, with upside surprises in Industrial Production, Exports and a rebound in Fixed-Asset Investment driven by quasi-fiscal policy.

TD Securities’ Alex Loo notes China’s economy started 2026 strongly, with upside surprises in Industrial Production, Exports and a rebound in Fixed-Asset Investment driven by quasi-fiscal policy. However, higher Oil prices from the Middle East conflict and uncertain US-China trade talks, including a possible Trump visit cancellation, pose downside risks to China’s 4.6% 2026 GDP forecast.Solid data but mounting external risks"As China faces further external headwinds such as an oil price shock from the Middle East conflict and tough trade negotiation talks with the US, we expect authorities to step up fiscal support if the manufacturing sector faces much higher input prices that may force firms to reduce output in the months ahead.""If oil prices stay around US$100/bbl for the next 3 months, we expect authorities to roll out targeted policy support measures (e.g., tax cuts and subsidies) to support SMEs/manufacturers.""As such, we expect Beijing to place more emphasis on the growth impact rather than inflation which would put the onus on fiscal policy rather than monetary policy.""We maintain our GDP forecast at 4.6% for 2026 as the growth hit from the oil price shock would likely be evident later in the year and authorities do have the fiscal bandwidth to offset this.""If Trump cancels his China's trip, we believe markets are likely to interpret that US-China relations are on a downhill again and US officials may take a more forceful approach (e.g., re-imposition of tariffs) to get China to the negotiating table which may spook markets."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

01:05 Gold drifts lower to near $5,000 as Fed rate-cut hopes fade
Gold price (XAU/USD) trades with mild losses near $5,000 during the early Asian session on Tuesday. The precious metal extends the decline as hopes fade for the US Federal Reserve (Fed) to lower interest rates this year. All eyes will be on the Fed interest rate decision later on Wednesday.

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Traders dialed back hopes that the Fed would reduce interest rates soon. The Fed is widely expected to hold interest rates steady at current levels.Gold price (XAU/USD) trades with mild losses near $5,000 during the early Asian session on Tuesday. The precious metal extends the decline as hopes fade for the US Federal Reserve (Fed) to lower interest rates this year. All eyes will be on the Fed interest rate decision later on Wednesday. Oil prices remained above $100 per barrel amid rising tensions in the Middle East as the US-Israeli war on Iran entered its third week. Fears that surging crude oil prices will lead to a rise in inflation have dampened expectations for interest rate cuts in the near term. This, in turn, could exert some selling pressure on a non-yielding asset. "With higher oil prices comes higher inflation. If we do have higher inflation, central banks are not going to be as motivated as they were six months ago to cut rates, which is a negative for gold prices," said Bob Haberkorn, senior market strategist at RJO Futures.The US central bank is widely expected to hold the benchmark federal funds rate steady at its current range of 3.50%–3.75% during its upcoming March meeting on Wednesday. Analysts believe that the Fed will reduce the rates again in 2026. However, the number and size of these rate cuts remain to be seen. Traders in the fed funds futures market have taken even a September cut off the table and now see only one coming, in December, according to the CME FedWatch tool. Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

00:14 GBP/USD bounces from lows as US Dollar retreats
GBP/USD gained almost 0.75% on Monday, bouncing from Friday's low close to 1.3220 to settle on the high side of 1.3300.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}The Pound Sterling recovererd around 0.75% on Monday as broad Dollar weakness offers a brief reprieve from recent selling pressure.The BoE is expected to hold rates at 3.75% at Thursday's meeting with a less-dovish tilt than the prior meeting.UK January employment data, due Thursday, is forecast to show ILO unemployment steady at 5.2%, with bonused earnings growth expected to ease.GBP/USD gained almost 0.75% on Monday, bouncing from Friday's low close to 1.3220 to settle on the high side of 1.3300. The session's recovery looks corrective rather than the start of a new trend; the pair remains in a clear downtrend from the late-January high near 1.3870, and Monday's candle has yet to challenge the cluster of resistance around the 200-day Exponential Moving Average (EMA). Price has closed below all of its key moving averages for several sessions, and the burden of proof sits with buyers.The Bank of England (BoE) is expected to hold rates at 3.75% on Thursday, but the composition of the Monetary Policy Committee (MPC) vote is in focus. Consensus points to a 2-0-7 split in favor of cut, hike, and unchanged, respectively, an overall less-dovish lean than the 4-0-5 split at the prior meeting, suggesting the committee is moving toward a more cautious easing pace. UK employment data, also due Thursday, is forecast to show the International Labour Organization (ILO) unemployment rate steady at 5.2%, with average earnings including bonus expected to ease to 3.9% year-on-year (YoY) from 4.2%.On the US Dollar (USD) side, broad Greenback softness driven by easing Strait of Hormuz tensions provided the main lift on Monday. March NY Empire State Manufacturing came in at -0.2, well below the 3.2 consensus, reinforcing the softer tone. The Fed's rate decision on Wednesday, expected to hold at 3.75%, and the accompanying SEP update will be the week's dominant USD event and a key driver for the pair's near-term direction.GBP/USD daily chart
Pound Sterling FAQs What is the Pound Sterling? The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE). How do the decisions of the Bank of England impact on the Pound Sterling? The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects. How does economic data influence the value of the Pound? Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall. How does the Trade Balance impact the Pound? Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

00:08 XAU/USD Price Forecast: Gold pulls back amid cooling safe-haven demand
XAU/USD spun in a flat circle on Monday, settling close to 5,000 in a relatively contained session following last week's sharp decline from the highs.

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Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

00:04 USD/JPY snaps four-session winning streak, retreats to 159.00 region
USD/JPY backslid around 0.4% on Monday, snapping a four-session winning streak and pulling back to the 159.00 region in otherwise unremarkable market action.

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Japanese Yen FAQs What key factors drive the Japanese Yen? The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. How do the decisions of the Bank of Japan impact the Japanese Yen? One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen. How does the differential between Japanese and US bond yields impact the Japanese Yen? Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential. How does broader risk sentiment impact the Japanese Yen? The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.

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Forex News Timeline

07:14 EUR/USD declines below 1.1500 as markets await Fed, ECB rate decisions The EUR/USD pair trades in negative territory around 1.1490 during the early European session on Tuesday.

07:10 USD/JPY Price Forecast: Holds steady above 159.00 as bulls await Fed/BoJ policy updates The USD/JPY pair attracts some dip-buying during the Asian session on Tuesday and stalls its modest pullback from the 159.75 area, or the highest level since July 2024, retested the previous day.

06:49 Japan Tertiary Industry Index (MoM) came in at 1.7%, above forecasts (0.8%) in January Japan Tertiary Industry Index (MoM) came in at 1.7%, above forecasts (0.8%) in January

06:35 India Gold price today: Gold rises, according to FXStreet data Gold prices rose in India on Tuesday, according to data compiled by FXStreet.

05:54 Gold rises on Middle East tensions; inflation fears temper rate cut bets and cap gains Gold (XAU/USD) edges higher during the Asian session on Tuesday, though it lacks follow-through and remains close to an over three-week low, touched the previous day.

05:30 Australia RBA Interest Rate Decision meets forecasts (4.1%) Australia RBA Interest Rate Decision meets forecasts (4.1%)

05:18 US Dollar Index holds correction near 100.00 in countdown to Fed policy The US Dollar (USD) holds its Monday’s corrective move, which was driven by a significant retracement in the oil price that eased de-anchored consumer inflation concerns.

04:55 GBP/USD Price Forecast: Tests 1.3300 support as bearish bias prevails GBP/USD inches lower after registering nearly 0.75 gains in the previous session, trading around 1.3310 during the Asian hours on Tuesday.

03:57 NZD/USD seems vulnerable around mid-0.5800s; below 200-day SMA ahead of Fed, NZD GDP The NZD/USD pair meets with a fresh supply during the Asian session on Tuesday and erodes a part of the previous day's solid recovery from the vicinity of a one-month low, touched last week.

03:15 PBOC sets USD/CNY reference rate at 6.8961 vs. 6.9057 previous The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.8961 compared to the previous day's fix of 6.9057 and 6.8874 Reuters estimate.

03:02 Australian Dollar inches lower ahead of RBA policy decision AUD/USD edges lower after posting more than 1.25% gains in the previous session, trading near 0.7060 during Asian hours on Tuesday.

02:52 WTI rises above $94.00 as Middle East turmoil escalates West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $94.20 during the early Asian trading hours on Tuesday. The WTI price rises as the Iran war shows no signs of ending soon.

02:21 Israeli military says missiles from Iran heading towards Israel The Israeli military said on Tuesday that it has detected missiles launched from Iran heading towards Israeli territory. It urged people in affected areas to head to shelters immediately.

02:09 Japan’s Katayama: Aware there is high volatility in financial markets Japan’s Finance Minister Satsuki Katayama said on Tuesday that there is high volatility in financial markets, adding that she will respond against volatility in financial markets including foreign exchange.

01:21 Iranian Foreign Minister denies report of direct communication with US envoy Witkoff Iran’s Foreign Minister, Abbas Araghchi, on Monday said his last contact with US envoy Steve Witkoff occurred before the US military strike on Iran on February 28.

01:07 China: Growth risks from Oil and US tensions – TD Securities TD Securities’ Alex Loo notes China’s economy started 2026 strongly, with upside surprises in Industrial Production, Exports and a rebound in Fixed-Asset Investment driven by quasi-fiscal policy.

00:14 GBP/USD bounces from lows as US Dollar retreats GBP/USD gained almost 0.75% on Monday, bouncing from Friday's low close to 1.3220 to settle on the high side of 1.3300.

00:08 XAU/USD Price Forecast: Gold pulls back amid cooling safe-haven demand XAU/USD spun in a flat circle on Monday, settling close to 5,000 in a relatively contained session following last week's sharp decline from the highs.

00:04 USD/JPY snaps four-session winning streak, retreats to 159.00 region USD/JPY backslid around 0.4% on Monday, snapping a four-session winning streak and pulling back to the 159.00 region in otherwise unremarkable market action.

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