AUD/USD bounces off the floor of a range it has formed since the middle of May.

USD/CHF trades in the 0.8870s on Tuesday, around a quarter of a percent lower on the day, after the release of Swiss government data showed an upwards revision to growth forecasts in 2024.

EUR/USD struggles to extend recovery above 1.0740 in Tuesday’s European session.

The USD/JPY pair jumps above 158.00 in Tuesday’s European session.

Eurozone Harmonized Index of Consumer Prices (YoY) meets expectations (2.6%) in May

Eurozone ZEW Survey – Economic Sentiment registered at 51.3 above expectations (47.8) in June

Germany ZEW Survey – Current Situation registered at -73.8, below expectations (-65) in June

Germany ZEW Survey – Economic Sentiment came in at 47.5 below forecasts (50) in June

Eurozone Harmonized Index of Consumer Prices (MoM) in line with expectations (0.2%) in May

Eurozone Core Harmonized Index of Consumer Prices (MoM) remains unchanged at 0.4% in May

Eurozone Core Harmonized Index of Consumer Prices (YoY) meets forecasts (2.9%) in May

The Mexican Peso (MXN) fluctuates within a range on Tuesday as the sell-off after the elections, which saw the currency lose on average 10% against its key counterparts, runs out of steam.

The USD/CAD pair remains well-supported above the round-level cushion of 1.3700 in Tuesday’s European session.

Here is what you need to know on Tuesday, June 18: The Australian Dollar (AUD) stays resilient against its major rivals early Tuesday as markets assess the Reserve Bank of Australia (RBA) policy announcements and Governor Michele Bullock's comments.

The Pound Sterling (GBP) faces selling pressure in an attempt to extend recovery above the round-level resistance of 1.2700 against the US Dollar (USD) in Tuesday’s London session.

The EUR/USD pair trades on a softer note near 1.0730 on Tuesday during the early European trading hours.

The AUD/JPY cross attracts some sellers following an Asian session uptick on Tuesday and stalls the overnight bounce from the 103.60-103.55 area or a multi-day low.

The NZD/USD pair struggles to capitalize on the previous day's modest rebound from the 0.6100 mark, or a one-week low and trades with a mild negative bias during the Asian session on Tuesday.

The Australian Dollar (AUD) loses ground on Tuesday on the modest rebound of the US Dollar (USD).

The Indian Rupee (INR) gains ground amid the weaker Greenback on Tuesday.

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1148, as against the previous day's fix of 7.1149 and 7.2494 Reuters estimates.

The USD/JPY pair struggles to capitalize on its gains registered over the past three days and oscillates in a narrow trading band, just above mid-157.00s during the Asian session on Tuesday.

The AUD/USD pair snaps the three-day losing streak near 0.6615 on Tuesday during the early Asian session.

EUR/USD recovered to 1.0740 on Monday as market sentiment shifts back into rate cut hopes to kick off the new trading week, with investors shrugging off cautionary statements from Federal Reserve (Fed) officials that warned rate cuts may not materialize at a pace investors are happy with.

The USD/CAD pair extends downside around 1.3720 during the early Asian session on Tuesday.

GBP/USD halted a recent slide on Monday, recovering 1.2700 after bottoming out near 1.2660 last week.

The NZD/USD continued its descent on Monday, moving below the 20-day Simple Moving Average (SMA) of 0.6140 the buyers managed to clear most of its daily losses.

The USD/JPY climbed for the second straight day, up 0.27% after hitting a daily low of 156.81, as US Treasury bond yields climbed six basis points on speculation that the Federal Reserve will keep interest rates unchanged.

In Monday's session, the AUD/JPY pair experienced limited losses and then recovered to trade with gains, with attention focused on reinforcing the support at the 20-day Simple Moving Average (SMA), after dipping briefly below 103.60 and then recovering it back.

On Monday, the NZD/JPY pair extended its consolidation phase after hitting a multi-year high last week.