1.AUDUSD remains depressed around intraday low of 0.6407 as risk aversion joins sluggish momentum early Tuesday. The Aussie pair’s latest weakness could be linked to the multi-year high US Treasury bond yields and the fears emanating from the US banking sector, not to forget China woes.
2.EURUSD buyers flirt with the 1.0900 threshold within a one-month-long falling wedge bullish chart formation on early Tuesday. The Euro pair’s latest moves could be linked to the market’s cautious mood ahead of this week’s top-tier data/events, as well as the recent fears emanating from the US banking sector.
3.Gold price consolidates in a range below the $1,900 mark during the Asian session. Hawkish Federal Reserve expectations underpin the US Dollar and cap the upside. A weaker risk tone lends support and helps limit losses for the safe-haven XAUUSD.
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