US Dollar retreats, DXY nears 98.000 as markets anticipate Middle East de-escalation and potential deal soon.
Gold dips below $4,800 amid US-Iran tensions, oil-driven inflation fears; dollar firm; traders await Fed signals.
Nikkei reports Bank of Japan likely to keep interest rate unchanged at 0.75% ahead of April 28 announcement.
Markets steady Tuesday as investors watch US-Iran ceasefire uncertainty and Kevin Warsh’s Fed nomination testimony.
DXY trades near 98.10 within a descending channel, bearish below key EMAs; risks 97.20/95.56, resistance 98.41-98.83.
UOB strategists see USD/JPY rangebound after volatility, eyeing 158.50–159.20 today; 157.55–160.50 remains forecast.
RBI eased NDF rules, allowing dealers more flexibility; USD/INR rose to 93.12, rupee weakest in Asia.
Silver slips near $79 ahead of Warsh hearing; Fed independence eyed. Technicals show triangle, key resistance/support levels.
Sterling initially rose on stronger UK jobs data; focus shifts to CPI, PMIs, retail sales later.
New Zealand inflation hit 3.1% in Q1; energy costs may spur RBNZ caution and potential May rate hike.
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