GBP/USD nears 1.3590 as softer US PPI sinks Dollar demand

GBP/USD nears 1.3590 as softer US PPI sinks Dollar demand

The Pound Sterling (GBP) advances on Tuesday as traders remain optimistic about a possible resolution to the US-Iran conflict. At the same time, the US Dollar (USD) weakens amid a hot US inflation report that missed forecasts of a higher print. At the time of writing, the GBP/USD pair trades near 1.3590, gaining 0.61%. Sterling […]

Bearish setup as valuation gap narrows – Scotiabank

Bearish setup as valuation gap narrows – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is making modest gains versus a softer US Dollar (USD), though it lags core majors and weakens on crosses. They estimate USD/CAD equilibrium at 1.3527, with undervaluation correcting mainly via Dollar softness. Seasonality is strongly bearish for USD/CAD in April, while recent political […]

AUD/USD rallies beyond 0.7100 amid hopes of new US-Iran peace talks

AUD/USD rallies beyond 0.7100 amid hopes of new US-Iran peace talks

The Australian Dollar (AUD) appreciated for the second consecutive day against the US Dollar (USD) on Tuesday, reaching four-week highs above 0.7120 at the time of writing and drawing closer to the 2026 high at 0.7187. News from Iran keeps driving markets on Tuesday, with reports hinting at a new round of negotiations between the […]