Daily market news

The GBP/USD pair attracts some sellers to near 1.3425 during the early Asian trading hours on Tuesday, pressured by a modest rebound of US Dollar (USD). Investors await a speech by Bank of England (BoE) official Dave Ramsden for fresh impetus.

The EUR/USD pair edges lower to near 1.1415 during the early Asian session on Tuesday. The Euro (EUR) weakens against the US Dollar (USD) amid rising bets for further rate cuts from the European Central Bank (ECB) in June.

The USD/JPY pair faces heavy selling pressure, sliding to the 142.00 zone during Monday’s North American hours. Investor caution has resurfaced as broader trade optimism erodes, pushing demand toward the safe-haven Japanese Yen.

The AUD/USD pair is trading steadily around 0.6400 as investors brace for key economic data from the United States (US) this week.

During Monday's session, USD/CHF was seen trading near the lower end of its daily range, moving around the 0.82 area after dropping by nearly half a percent. The pair continues to face a bearish overall sentiment, reinforced by the performance of technical indicators.

After the European session on Monday, EUR/USD was seen trading near the mid-1.13/1.14 area, maintaining a positive tone on the day with a modest gain. Despite the RSI holding a neutral stance and the MACD flashing a sell signal, the broader technical setup remains tilted to the upside.

The USD/JPY pair falls sharply to near 143.00 during North American hours on Monday. The pair declines as the Japanese Yen (JPY) trades strongly at the start of the week, with investors awaiting the monetary policy announcement by the Bank of Japan (BoJ) on Thursday.

EUR/USD edges lower to near 1.1345 in North American trading hours on Monday.

The AUD/USD pair recovers initial losses and turns flat around 0.6400 during European trading hours on Monday. The Aussie pair trades indecisively as investors await a slew of United States (US) economic and Australian Consumer Price Index (CPI) data, which will be released this week.

Rebound in USD/JPY continued as the Bessent-Kato meeting saw no mention of FX levels. Pair was last at 143.43 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.