The EUR/USD pair trades with mild losses near 1.1785 during the early Asian session on Tuesday. Traders continue to digest ongoing Middle East tensions ahead of the 14-day ceasefire expiration. The ZEW Survey from Germany and the Eurozone is due later on Tuesday.
Iranian Parliament speaker Mohammad Bagher Ghalibaf said that Iran will not accept negotiations with the United States (US) while under threat, the Guardian reported on Tuesday.
The NZD/USD pair gains momentum to around 0.5910 during the early Asian session on Tuesday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) following hotter-than-expected domestic inflation data.
GBP/USD advanced 0.1% on Monday, trading around 1.3530 after pulling back from last week's peak near 1.3600.
AUD/USD slipped roughly 0.2% on Monday, trading near 0.7180 after opening the week with a downside gap close to 0.7115. The pair clawed back most of the early weakness through the session, though price remains below Friday's peak around 0.7220.
Commerzbank’s Dr. Henry Hao argues China is better positioned than other Asian economies to withstand energy disruptions from Middle East tensions and Strait of Hormuz risks.
OCBC strategists Sim Moh Siong and Christopher Wong note USD/SGD rebounded sharply after Iran reclosed the Strait of Hormuz, reversing Friday’s drop to 1.2667.
Amazon and Anthropic to expand AI inference in Asia and Europe, Anthropic to spend over $100 billion on AWS technologies $AMZN| FJ
Amazon and Anthropic to expand AI inference in Asia and Europe, Amaazon and Anthropic to spend over $100 billion on AWS technologies $AMZN| FJ
Source: Investing.com News
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