The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7411 compared to the previous day's fix of 6.7399 and 6.7177 Reuters estimate.
The USD/CAD pair prolongs a three-week-old upward trajectory, rising to its highest level since July 9 and closer to the 1.4200 mark during the Asian session on Tuesday amid a bullish US Dollar (USD).
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $92.05 during the early Asian trading hours on Tuesday.
The Reserve Bank of Australia (RBA) is widely expected to raise the Official Cash Rate (OCR) by 25 basis points (bps) to 4.60% from 4.35% on Tuesday, after keeping rates unchanged at its previous two meetings
Five straight weekly declines have left NZD/USD at its lowest since late June. Monday's low near 0.5650 matched Thursday's and Friday's, and the pair closed just above it with a small gain.
Iran's Foreign Minister Abbas Araghchi said on Monday that Tehran discussed proposals with Qatari mediators that are to be put to the United States (US), IRNA reported. He added that the US response will be conveyed to Iran through the Qatari mediators.
Japan's Ministry of Finance (MoF) reports on Wednesday how much Yen it bought between August 27 and September 28, which will show whether the rate check reported on September 18 turned into real money.
Gold price (XAU/USD) falls to near $4,125 during the early Asian session on Tuesday. The precious metal faces some selling pressure as rising US Treasury yields and expectations of further Federal Reserve interest rate hikes sap demand for the non-yielding metal.
The Pound-Yen cross-pair finds support near 207.60 and bounces towards a daily high of 208.99 before settling at around 208.66, gaining 0.14%.
The Aussie Dollar dives 0.10% versus the US Dollar as market sentiment deteriorates amid fading US-Iran peace hopes, pushing US bond yields higher while US equity markets fall. Also, price action remained subdued, ahead of the Reserve Bank of Australia (RBA) monetary policy decision.
Traders betting on a faster European Central Bank (ECB) got pushback from ECB President Lagarde on Monday, and EUR/USD fell back to its late-July low near 1.1350. The pair closed just above 1.1350, three sessions after it broke below 1.1400.
The Bank of England (BoE) held the UK's Bank Rate at 3.75% on September 17 by six votes to three, and half of the six who voted to hold now say a hike may be needed.
The Mexican Peso collapses against the US Dollar, depreciating on Monday as market mood sours amid stalled US-Iran talks. News headlines reported that a potential agreement is near, but officials denied the progress.
A software bug at Boeing (BA) cost the Dow Jones Industrial Average (DJIA) more points than a record $150 billion buyback at Nvidia (NVDA) put back. The index closed just under 51,500 on Monday, handing back about two-thirds of Friday's rally.
Gold (XAU/USD) begins the week on the back foot, tanking over 3.4% on Monday as US Treasury yields soar and Oil prices remain elevated despite falling from daily highs amid mixed news headlines about a potential US-Iran deal. The XAU/USD trades at $4,139 after peaking at $4,280.
USD/JPY trades little changed around 157.25 on Monday as the US Dollar (USD) also holds steady near recent highs, with traders weighing Middle East developments and the risk of Japanese intervention.
The US Dollar (USD) has stated the week with slight gains, resuming its recent uptrend and leaving behind Friday’s hiccup.
US Treasury yields climb on Monday as energy prices remain high, amid US President Donald Trump's rejection of a peace agreement with Tehran.
President Donald Trump's rejection of Iran's seven-day plan for the Strait of Hormuz lifted Crude Oil to its best level since Thursday, and the whole rise was gone after a Saudi pipeline restart and a US offer of sanctions relief.
Federal Reserve (Fed) Governor Lisa Cook said in a speech in Oakland, California, that the number and magnitude of future adjustments to the Fed funds rate will depend on inflation and labor market data.
Al Jazeera reported on Monday that US President Donald Trump is prepared to ease sanctions on Iran and to unfreeze its assets in exchange for progress on nuclear talks.
Rabobank’s RaboResearch Global Economics & Markets FX Strategy team notes that USD net long speculative positions were broadly unchanged, with both longs and shorts rising modestly. The Federal Reserve raised its overnight policy rate by 25bp on September 16, matching expectations.
The Pound Sterling (GBP) registers modest gains of 0.18% on Monday even as US Treasury yields soar, with the US 10-year T-note rising over 10 basis points, underpinning the Greenback. At the time of writing, the GBP/USD pair trades at 1.3252.
Silver (XAG/USD) falls around 5% on Monday, slipping to its lowest level since early August.
Rabobank highlights that GBP net short positions have risen over 40%, reaching their highest level since August. The Bank of England kept the Bank Rate unchanged at 3.75% on September 18, in line with expectations.
EUR/USD trades on the back foot on Monday, pressured by a stronger US Dollar (USD) as the US-Iran stalemate keeps Oil prices elevated, pushing US Treasury yields higher and strengthening expectations of further Federal Reserve (Fed) rate hikes.
Rabobank points out that AUD net short positions have increased for a second week, reaching their highest level since December 2025.
Rabobank’s FX Strategy team observes that CAD net shorts have risen again after a recent collapse. USD/CAD has continued to grind higher, gaining 2.77% from recent lows to 1.414, with the 14‑day RSI indicating overbought conditions.
EUR/GBP edges lower on Monday as the British Pound (GBP) attracts buyers after recent weakness, with hawkish remarks from Bank of England (BoE) Deputy Governor Dave Ramsden lending it further support. At the time of writing, the cross trades around 0.8564, down 0.40%.
Gold (XAU/USD) remains under strong selling pressure on Monday, down over 3.5% as elevated Oil prices reinforce expectations of further Federal Reserve (Fed) interest rate hikes. At the time of writing, XAU/USD trades around $4,121, its lowest level since August 5.
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