Euro gains traction above 1.1600 ahead of Eurozone HICP inflation release

Euro gains traction above 1.1600 ahead of Eurozone HICP inflation release

The EUR/USD pair holds positive ground near 1.1635 during the early European trading hours on Tuesday. Hawkish stance of the European Central Bank (ECB) provides some support to the Euro (EUR) against the US Dollar (USD). Traders brace for the preliminary reading of Harmonized Index of Consumer Prices (HICP) from the Eurozone, which is due later […]

Australian Dollar softens to near 0.7150 as Middle East tensions rise

Australian Dollar softens to near 0.7150 as Middle East tensions rise

The AUD/USD pair loses ground to near 0.7155 during the Asian trading hours on Tuesday, pressured by broader geopolitical uncertainties. Traders await Middle East ceasefire developments and key economic data from both Australia and the United States (US). Australia’s Gross Domestic Product (GDP) report for the first quarter (Q1) is due on Wednesday. The US […]