The Mexican peso was at the 17.3 per USD mark, remaining relatively close to the six-week high of 17.25 from April 15th as markets dimmed expectations of rate hikes by the Federal Reserve, supporting emerging market currencies against the dollar. Benchmark oil prices eased off their multi-year peaks from late March and limited the magnitude of risk-off sentiment. In the meantime, mid-month inflation data showed that headline price growth in Mexico surged to its highest in 17 months in March. The data strengthened the argument for hawks in the Bank of Mexico, increasing the likelihood of a hold in the central bank’s upcoming decision following the controversial cut this month.
EUR/GBP under pressure as Eurozone sentiment deteriorates sharply in April
- EUR/GBP edges lower as the Pound outperforms on resilient UK labor data.
- Weak Eurozone ZEW sentiment weighs on the Euro amid growth concerns.
- Focus shifts to UK inflation data on Wednesday for monetary policy cues.
EUR/GBP trades on the back foot on Tuesday, with the British Pound (GBP) outperforming the Euro (EUR) following broadly resilient UK labor market data, while softer economic sentiment from the Eurozone adds further pressure on the Euro.
At the time of writing, the cross is trading around 0.8700. However, it lacks strong directional momentum and remains range-bound as traders stay cautious amid ongoing US-Iran tensions and uncertainty over potential peace talks.
European sentiment weakened notably in April, with the Eurozone’s ZEW Economic Sentiment Index falling to -20.4 from -8.5 and Germany’s ZEW Economic Sentiment Index dropping to -17.2 from -0.5, both missing expectations.
The sharp drop in sentiment shows that ongoing tensions in the Middle East are starting to weigh on the Eurozone’s outlook. “Businesses are concerned about long-term shortages of energy supply, and this discourages investment and weakens the effect of government stimuli,” said ZEW President Professor Achim Wambach, commenting on the latest survey results.
Meanwhile, markets are also pricing in potential interest rate hikes from the European Central Bank (ECB), as rising Oil prices fuel inflation concerns. However, policymakers remain cautious and are not signaling any immediate policy shift. ECB Vice-President Luis de Guindos said on Tuesday, “I believe we need to be cautious, keep a cool head and analyse the data in a context of tremendous uncertainty.”
ECB President Christine Lagarde said on Monday that policymakers need to gather more information before drawing firm conclusions for monetary policy.
Earlier in the day, data released by the Office for National Statistics showed that the Claimant Count Change rose by 26.8K in March, above expectations. However, other labor market indicators pointed to underlying resilience. Employment Change came in at 25K in the three months to February, while the ILO Unemployment Rate eased to 4.9% from 5.2%.
The mixed but resilient labor market data suggest that the Bank of England (BoE) can afford to remain patient on policy easing, even as markets price in the risk of rate hikes driven by higher Oil prices. UK inflation data for March, due on Wednesday, could further influence interest rate expectations.
A Reuters poll on Tuesday showed that all 62 economists expect the BoE to keep the Bank Rate at 3.75% at its April meeting. Around 53% also expect rates to remain unchanged for the rest of the year.
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.22% | 0.12% | 0.18% | -0.00% | 0.20% | -0.25% | 0.19% | |
| EUR | -0.22% | -0.10% | -0.04% | -0.23% | -0.02% | -0.48% | -0.03% | |
| GBP | -0.12% | 0.10% | 0.06% | -0.11% | 0.06% | -0.38% | 0.07% | |
| JPY | -0.18% | 0.04% | -0.06% | -0.17% | 0.00% | -0.48% | -0.00% | |
| CAD | 0.00% | 0.23% | 0.11% | 0.17% | 0.18% | -0.30% | 0.18% | |
| AUD | -0.20% | 0.02% | -0.06% | -0.01% | -0.18% | -0.48% | -0.01% | |
| NZD | 0.25% | 0.48% | 0.38% | 0.48% | 0.30% | 0.48% | 0.47% | |
| CHF | -0.19% | 0.03% | -0.07% | 0.00% | -0.18% | 0.00% | -0.47% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
EUR/USD retreats near 1.1750 with ZEW survey, US-Iran talks on focus
- EUR/USD drifts to session lows near 1.1750 on Tuesday but maintains its upside bias intact.
- Investors remain cautious ahead of the ZEW Survey and the US-Iran peace talks.
- Eurozone economic sentiment is expected to have remained downbeat in April.
The Euro (EUR) extends losses against the US Dollar (USD) on Tuesday, reaching session lows right above 1.1750 at the time of writing after failing to extend Monday’s gains past 1.1790. Investors have adopted a “wait-and-see” mode, awaiting the release of Eurozone economic sentiment data and developments from the US-Iran peace talks.
The Wall Street Journal affirmed that Tehran told regional mediators that they will send a delegation to Pakistan after threatening to pull out from the process on Monday, following the seizure of an Iranian cargo vessel by the US military. Beyond that, Reuters cited an anonymous US source, affirming that “things are moving forward”, altogether, feeding a moderate market optimism.
In the Eurozone, the German and Eurozone ZEW Economic Sentiment Survey is expected to show downbeat figures in April, highlighting the negative economic impact of the energy shock stemming from the conflict in the Middle East.
The German Economic Sentiment Index is expected to have deteriorated to -5, its weakest reading in the last 12 months, from -0.5 in March. In the Eurozone, the reading is seen improving to -3.6, from -8.5 in the previous month, but still at negative levels, pointing to a pessimistic view about the near-term outlook.
Technical Analysis: Sideways consolidation below 1.1800
EUR/USD maintains its upside trend from the late-March lows intact, but recent price action shows some hesitation ahead of the 1.1800 area. Technical indicators in the 4-hour chart are also hinting at a weakening upside momentum.
The Relative Strength Index has been moving back and forth around the 50 midline, pointing to a lack of clear bias. The Moving Average Convergence Divergence (MACD) remains at its slightly negative levels, showing a fading upside pressure rather than a decisive bearish turn, at least for now.
Bulls have been capped at 1.1790 area earlier on Tuesday, which is closing the path towards Friday’s highs near 1.1850 for now. On the downside, immediate support is located at Monday’s lows near 1.1730, followed by the upward-sloping trendline, now around 1.1705. A clear break below this area would open the way towards a cluster of support levels between 1.1645 and 1.1675, which held bears on April 8, 9, 10, and 13.
EUR/JPY Flat lines above 187.00; bullish bias persists amid weaker JPY
- EUR/JPY consolidates in a range on Tuesday amid a combination of diverging forces.
- Economic concerns due to the Hormuz risks undermine the JPY and support the cross.
- Intervention fears and hawkish BoJ bets limit JPY losses, capping gains for spot prices.
The EUR/JPY cross struggles to capitalize on the previous day’s goodish rebound from the 186.25 area, or a one-week low, and oscillates in a narrow range during the Asian session on Tuesday. Spot prices currently trade around the 187.20-187.25 region, nearly unchanged for the day, and remain well within the striking distance of the highest level since August 1990, touched last Friday.
The Japanese Yen (JPY) weakens slightly in reaction to a Reuters report that the Bank of Japan (BoJ) is increasingly likely to hold interest rates steady at its upcoming April meeting. This comes on top of economic concerns stemming from the Middle East conflict and the risk to energy supplies due to continued disruptions to shipping through the Strait of Hormuz. This turns out to be a key factor acting as a tailwind for the EUR/JPY cross.
The BoJ, however, is expected to signal readiness to hike in June as imported energy costs cloud the inflation picture. Moreover, speculations that Japanese authorities would step in to stem further weakness in the domestic currency hold back the JPY bears from placing aggressive bets. Apart from this, a modest US Dollar (USD) uptick is seen weighing on the shared currency, which contributes to capping the upside for the EUR/JPY cross.
The recent breakout above the 185.00 psychological mark comes on top of repeated rebounds from the 100-day Exponential Moving Average (EMA) and favors the EUR/JPY bulls. Adding to this, the Moving Average Convergence Divergence (MACD) indicator is in positive territory, and its histogram is still constructive. Moreover, the Relative Strength Index (RSI) hovers around 64, hinting at strong but not yet extreme buying pressure.
Meanwhile, initial support is reinforced by the 100-day EMA near 183.04, where a deeper pullback would be expected to attract dip-buying interest while the broader bullish structure remains intact. Unless the EUR/JPY cross slides back through this floor, the technical setup suggests that spot prices remain positioned to extend gains, with any consolidation above the moving average likely to be viewed as a pause within the prevailing uptrend rather than a trend reversal.
(The technical analysis of this story was written with the help of an AI tool.)
EUR/JPY daily chart
USD/CHF stays near 0.7800 as US dollar firms on US-Iran tensions
- USD/CHF rises as the US Dollar strengthens on safe-haven demand amid persistent uncertainty over US–Iran talks.
- President Trump said Vice President Vance will leave Monday for Pakistan to resume negotiations.
- Traders expect SNB policymakers ready to intervene in FX markets to curb excessive Swiss Franc appreciation.
USD/CHF edges higher after registering modest losses in the previous day, trading around 0.7790 during the Asian hours on Tuesday. The pair gains ground as the US Dollar (USD) receives support from increasing risk aversion, driven by persistent uncertainty surrounding US–Iran ceasefire negotiations. Traders assess ongoing geopolitical tensions in the Middle East as the 14-day ceasefire deadline approaches.
Bloomberg reported that US President Donald Trump stated that US Vice President JD Vance is leaving later on Monday for Pakistan to resume negotiations, “either Tuesday night or Wednesday morning.” Iran is also sending a team, although it is unclear who would lead the delegation.
President Donald Trump has issued mixed signals earlier on the Iran war, saying he is not rushing to end it while expressing optimism about renewed talks with Tehran ahead of Wednesday’s ceasefire expiry.
However, the upside of the USD/CHF pair could be limited as the Swiss Franc (CHF) may find support from safe-haven inflows. Additionally, the CHF may also gain ground as rising concerns over a prolonged energy-driven inflation shock reinforce expectations of a more hawkish Swiss National Bank (SNB). Meanwhile, SNB meeting minutes from March highlighted growing uncertainty surrounding Switzerland’s economic outlook.
Market participants expect the SNB to intervene in FX markets to curb a rapid and excessive appreciation of the Swiss Franc. Traders await Swiss Trade Balance data due later in the day.
NZD/USD struggles to extend gains above 0.5920, outlook remains firm
- NZD/USD remains broadly firm above 0.5900 as market sentiment turns favorable for riskier assets.
- Iran’s confirmation for another round of peace talks with the US has improved investors’ risk appetite.
- NZ Q1 CPI grew at a stronger pace of 0.9%m beating 0.8% estimates.
The NZD/USD pair trades 0.3% higher above 0.5900 during the Asian trading session on Tuesday, but struggles to extend its gains above 0.5920. The Kiwi pair broadly reflects strength as the market sentiment turns risk-on due to reports claiming that Iran has agreed to another round of peace talks with the United States (US).
New Zealand Dollar Price Today
The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.12% | 0.14% | 0.10% | 0.02% | 0.15% | -0.13% | 0.12% | |
| EUR | -0.12% | 0.03% | -0.02% | -0.10% | 0.04% | -0.25% | 0.01% | |
| GBP | -0.14% | -0.03% | -0.04% | -0.11% | 0.00% | -0.28% | -0.01% | |
| JPY | -0.10% | 0.02% | 0.04% | -0.07% | 0.05% | -0.26% | 0.02% | |
| CAD | -0.02% | 0.10% | 0.11% | 0.07% | 0.12% | -0.18% | 0.10% | |
| AUD | -0.15% | -0.04% | -0.01% | -0.05% | -0.12% | -0.30% | -0.02% | |
| NZD | 0.13% | 0.25% | 0.28% | 0.26% | 0.18% | 0.30% | 0.28% | |
| CHF | -0.12% | -0.01% | 0.01% | -0.02% | -0.10% | 0.02% | -0.28% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).
In the Asian trade, S&P 500 futures are 0.15% higher to near 7,120, reflecting an upbeat market mood. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is marginally higher to near 98.10.
A report from the Wall Street Journal (WSJ) states that Iran has told regional mediators that it would send a negotiating team to Islamabad on Tuesday for the second round of talks with the US. However, there has been no official confirmation by Tehran.
On Monday, Iran’s foreign ministry spokesperson Esmail Baghaei said that there is “no plan for a second round of negotiations with the US for now. Baghaei added that the US seems “not serious” about pursuing the diplomatic process, remains committed to ‘aggressive acts’ and has violated ceasefire provisions.
On the domestic front, higher-than-projected New Zealand (NZ) Q1 Consumer Price Index (CPI) data is expected to force traders to raise bets supporting interest rate hikes by the Reserve Bank of New Zealand (RBNZ) in the near term.
Earlier in the data, the data showed that the NZ CPI grew by 0.9%, beating estimates of 0.8% and the previous reading of 0.6%. On an annualized basis, price pressures rose steadily by 3.1%. while they were anticipated to have grown at a moderate pace of 2.9%.
GBP/USD – Falls toward 1.3500 near nine-day EMA support
- GBP/USD may find the primary barrier at the two-month high of 1.3599.
- The 14-day Relative Strength Index near 59 remains positive, without indicating overbought conditions.
- The immediate support lies at the lower boundary of the ascending channel around 1.3500.
GBP/USD inches lower after registering modest gains in the previous day, trading around 1.3520 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates an ongoing bullish bias, as the pair moves within the ascending channel pattern.
The GBP/USD pair trades with a mildly bullish near-term bias, holding above both the nine-period and 50-period Exponential Moving Averages (EMAs). The short-term EMA trading above the longer one hints at constructive momentum.
The 14-day Relative Strength Index (RSI) around 59 stays in positive territory without yet signaling overbought conditions, suggesting room for further gains as long as the pair remains supported on dips.
The initial barrier lies at the two-month high of 1.3599, recorded on April 17, followed by the upper boundary of the ascending channel around 1.3750. A break above the channel would reinforce the bullish bias and support the GBP/USD pair to approach the 1.3869, the highest level since September 2021, reached on January 27.
On the downside, the GBP/USD pair may find its immediate support at the lower boundary of the ascending channel around 1.3500, followed by the nine-day EMA at 1.3493. Further declines below this confluence support zone would put downward pressure on the pair to test the 50-day EMA at 1.3423. A sustained break below the medium-term average would expose a nearly five-month low of 1.3159, recorded on March 31, followed by the 1.3010, the lowest since April 2025, which was recorded in November 2025.
Pound Sterling Price Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.09% | 0.10% | 0.06% | 0.00% | 0.10% | -0.32% | 0.08% | |
| EUR | -0.09% | 0.02% | -0.02% | -0.09% | 0.04% | -0.41% | 0.00% | |
| GBP | -0.10% | -0.02% | -0.02% | -0.10% | 0.00% | -0.43% | -0.01% | |
| JPY | -0.06% | 0.02% | 0.02% | -0.05% | 0.02% | -0.43% | 0.00% | |
| CAD | -0.00% | 0.09% | 0.10% | 0.05% | 0.08% | -0.36% | 0.07% | |
| AUD | -0.10% | -0.04% | -0.01% | -0.02% | -0.08% | -0.44% | -0.01% | |
| NZD | 0.32% | 0.41% | 0.43% | 0.43% | 0.36% | 0.44% | 0.43% | |
| CHF | -0.08% | -0.00% | 0.01% | -0.01% | -0.07% | 0.00% | -0.43% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
USD/CHF – US Dollar bulls remain capped below 0.7845
- USD/CHF bounces up from 0.7775 but remains capped below 0.7845.
- Markets have turned cautious as the US-Iran peace talks wobble.
- The pair maintains its bearish trend from late-March highs intact.
The US Dollar (USD) bounced up from 0.7775 lows against the Swiss Franc (CHF) on Friday, but the ensuing recovery attempts have remained below the 0.7845 level on Monday, which leaves the immediate bearish trend in play.
Market sentiment has turned cautious on Monday, as hopes of a swift end to the Middle East war wane, which is providing marginal support to the US Dollar. Iranian authorities are threatening to skip the second round of peace talks scheduled for Tuesday after the US seized an Iranian cargo vessel in the Gulf of Oman on Sunday
Investors, nevertheless, remain faithful that these moves are part of a complex process, and that Washington and Tehran will redress the situation and return to the negotiating table this week. This is keeping most US Dollar pairs at levels relatively close to last week’s peaks.
Technical Analysis: Treading water around $0.7800
The USD/CHF reversal from the 0.8050 area in late March has found support on the 61.8% Fibonacci retracement, drawn from the January 27 low to the March 31 high, near 0.7775, but the near-term bias remains negative, as upside attempts remain capped below the 0.7845 area.
Technical indicators in the 4-hour chart are mixed. The Relative Strength Index (RSI) has bounced out of oversold territory toward the low-40s, while the Moving Average Convergence Divergence (MACD) line hovers marginally above zero with a shallow positive profile, which only hints at fading downside pressure rather than a decisive turn higher.
The pair should breach the mentioned 0.7845 level (April 16 high), to set its focus on the April 8 and 10 highs, at the 0.7930 area, and the descending trendline, now around 0.7950. On the downside, below the mentioned 0.7775, the next target is the area between 78.2% retracement, at 0.7700, and the February 27 low, at 0.7670.
(The technical analysis of this story was written with the help of an AI tool.)
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.02% | 0.02% | 0.22% | 0.00% | 0.23% | 0.11% | -0.03% | |
| EUR | 0.02% | 0.03% | 0.21% | 0.00% | 0.24% | 0.12% | -0.03% | |
| GBP | -0.02% | -0.03% | 0.19% | -0.01% | 0.20% | 0.09% | -0.07% | |
| JPY | -0.22% | -0.21% | -0.19% | -0.18% | 0.03% | -0.13% | -0.24% | |
| CAD | -0.01% | -0.00% | 0.00% | 0.18% | 0.21% | 0.07% | -0.05% | |
| AUD | -0.23% | -0.24% | -0.20% | -0.03% | -0.21% | -0.11% | -0.27% | |
| NZD | -0.11% | -0.12% | -0.09% | 0.13% | -0.07% | 0.11% | -0.15% | |
| CHF | 0.03% | 0.03% | 0.07% | 0.24% | 0.05% | 0.27% | 0.15% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
