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NZD/USD sticks to gains near 0.5600 on weaker USD; bulls seem cautious amid tariff worries
The NZD/USD pair gains strong positive traction on Tuesday and builds on its steady intraday ascent through the first half of the European session.
CNY: Controlled depreciation - ING
USD/CNY edged a little higher today to around 7.33 as the People's Bank of China (PBoC) set its daily fixing above 7.20 for the first time since 2023.
Gold slides below $3,000 - ING
Gold fell further on Monday, with prices sliding below $3,000/oz.
India Gold price today: Gold rebounds as US-China trade war revives haven demand
Gold prices in India witnesses a turnaround Tuesday as the US-China trade war escalates and revives the safe-haven demand for the bullion.
EUR/USD: Likely to trade between 1.0860 and 1.1030 - UOB Group
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.
EUR: Stable short-term fair value around 1.090 - ING
EUR/USD is trading just below 1.10 after having oscillated in a wide band (1.088-1.104) since the weekend.
Pound Sterling recovers against USD as US recession fears boost Fed dovish bets
The Pound Sterling (GBP) bounces back to near 1.2800 against the US Dollar (USD) in Tuesday's European session from over a month's low of 1.2708 posted on Monday. The GBP/USD pair recovers as the US Dollar resumes its downside move after a short-lived recovery in the last two trading days.
Forex Today: Tariff talks under scrutiny following volatile opening to week
Here is what you need to know on Tuesday, April 8:
Crude oil price today: WTI price mostly unchanged at European opening
West Texas Intermediate (WTI) Oil price advances on Tuesday, early in the European session.
USD/CHF remains under selling pressure near 0.8550 amid Trump tariff turmoil
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.
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Tuesday, according to FXStreet data.
China's Foreign Ministry: US actions do not show willingness for serious talks
China's Foreign Ministry said on Tuesday that "US actions do not show willingness for serious talks."
AUD/JPY recovers to near 89.50 as global sentiment improves
The AUD/JPY cross jumps to 89.40, snapping the three-day losing streak during the early European session on Tuesday. The improving global risk sentiment and encouraging stimulus plans from China provide some support to the Aussie.
Silver Price Forecast: XAG/USD keeps the bearish vibe, key support level emerges near $30.00
The Silver price (XAG/USD) posts modest gains around $30.15 during the Asian trading hours on Tuesday.
EUR/USD Price Forecast: Bulls have the upper hand while above 1.0900, 200-period EMA on H4
The EUR/USD pair regains positive traction during the Asian session on Tuesday, snapping a two-day losing streak and stalling the recent pullback from its highest level since September touched last week.
FX option expiries for Apr 8 NY cut
FX option expiries for Apr 8 NY cut at 10:00 Eastern Time via DTCC can be found below.
Gold price moves away from multi-week low set on Monday; climbs to $3,000 mark
Gold price (XAU/USD) regains some positive traction during the Asian session on Tuesday and for now, seems to have snapped a three-day losing streak from a nearly four-week low, around the $2,957-2,956 area touched the previous day.
NZD/USD attracts some buyers above 0.5550, RBNZ rate decision in focus
The NZD/USD pair attracts some buyers to around 0.5580 during the Asian trading hours on Tuesday. US President Donald Trump's tariffs on trade partners have raised fears of the potential recession in the United States, weighing on the Greenback.
WTI climbs back closer to mid-$61.00s; upside potential seems limited
West Texas Intermediate (WTI) US Crude Oil prices attract some buyers on Tuesday following the previous day's US tariffs-led volatile price swings and currently trade just below mid-$61.00s, up over 1% for the day.
USD/INR extends the rally after Trump's latest tariffs threat
The Indian Rupee (INR) declines on Tuesday, erasing all its gains of 2025. Fears over global trade tensions escalated after China implemented retaliatory tariffs on US goods. The heightened uncertainty has triggered risk-off sentiment, leading to outflows from emerging markets, including India.
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