Daily market news

The NZD/USD pair registered neutral movements during Tuesday’s session, with the pair seen moving around the 0.5530 region but cleared gains which took it to highs above 0.5600.

The Greenback’s recovery seems to have run out of some steam on Tuesday, encouraging the risk complex to recoup part of the recent ground lost against the backdrop renewed hopes on the tariffs front.

The EUR/USD pair traded with a slight bearish bias on Tuesday after the European session, slipping mildly toward the 1.0900 region strugguling to hold earlier gains.

EUR/USD surrenders its entire intraday gains and falls back to near 1.0900 in Tuesday’s North American trading session.

Pound Sterling (GBP) is soft, down a modest 0.2% vs. the US Dollar (USD) and a mid-performer among the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes.

The USD/CAD pair fall sharply below the key level of 1.4200 in Tuesday’s European session.

US Dollar (USD) is likely to trade in a range between 146.00 and 149.00 vs Japanese Yen (JPY).

Instead of continuing to drop, Australian Dollar (AUD) is more likely to trade in a range of 0.5945/0.6110 vs US Dollar (USD).

Euro (EUR) is likely to trade between 1.0860 and 1.1030. In the longer run, decrease in momentum indicates the chance for EUR to rise has diminished; a breach of 1.0850 would suggest EUR has entered a range-trading phase, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

The USD/CHF pair attracts some sellers to near 0.8550 during the early European trading hours on Tuesday. The US Dollar (USD) weakens against the Swiss Franc (CHF) as the fears of a global recession heighten following US President Donald Trump's sweeping tariffs on trading partners.