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USD/CHF Price Analysis: Faces stiff resistance, retreats below 0.8000
USD/CHF trims some of its earlier gains as the market mood improved on a Reuters headline that a Senior Iranian official said Tehran is reviewing positively Pakistan’s two-week ceasefire proposal, which pushed US equities higher.
USD/CHF
Fxstreet
Tue, Apr 7
AUD/USD Price Forecast: Bulls test 0.6950 resistance after rebound from 100-day SMA
The Australian Dollar (AUD) strengthens against the US Dollar (USD) on Tuesday as the Greenback softens amid fragile market sentiment ahead of a deadline set by US President Donald Trump for Iran to reach a deal or reopen the Strait of Hormuz by 8:00 p.m. Eastern Time (00:00 GMT on Wednesday).
AUD/USD
Fxstreet
Tue, Apr 7
TRY: Fragile as oil shock worsens outlook – Commerzbank
Commerzbank’s Tatha Ghose argues that Turkey’s brief disinflation respite is already obsolete as higher Oil prices and external shocks dominate. Headline CPI slowed in March, but core dynamics remain strong and credibility concerns persist.
USD/TRY
Brent
Fxstreet
Tue, Apr 7
GBP/USD climbs as ceasefire hopes in the Mid-East battle fresh fears
The Pound Sterling rose by over 0.20% on Tuesday amid speculation of a ceasefire agreement, but newswires revealed that the chances of a deal are far, increasing the likelihood of an US attack as Trump’s deadline approaches. The GBP/USD trades at 1.3241, still above its opening price.
GBP/USD
Fxstreet
Tue, Apr 7
USD/JPY nears 160 as Trump hints at nuclear war
The USD/JPY pair is trading near the 159.95 price region with a strong but volatile tone on Tuesday, as markets react to a sharp escalation in the ongoing conflict between Israel, the United States (US and Iran.
USD/JPY
Fxstreet
Tue, Apr 7
EUR/USD gains as Trump’s Iran deadline approaches
The Euro (EUR) rises against the US Dollar (USD) on Tuesday, as the Greenback softens amid cautious market sentiment ahead of a deadline set by US President Donald Trump for Iran to reach a deal or open the Strait of Hormuz.
EUR/USD
Fxstreet
Tue, Apr 7
NZD: RBNZ seen on hold with dovish tone – ING
ING’s Chris Turner expects the Reserve Bank of New Zealand (RBNZ) to leave rates unchanged at 2.25% with no new forecasts and limited guidance, as markets price only modest tightening this year.
NZD/USD
Fxstreet
Tue, Apr 7
EUR: War shock clouds ECB outlook – BNY
BNY’s Head of Markets Macro Strategy Bob Savage reports that Eurozone data and European Central Bank (ECB) commentary point to rising downside risks for the Euro as the Iran war and energy shock weigh on growth and sentiment.
EUR/USD
Fxstreet
Tue, Apr 7
CAD: Pressured before potential late-2026 recovery – NBC
National Bank of Canada (NBC) economists Stéfane Marion and Kyle Dahms note the Canadian Dollar (CAD) initially outperformed after WTI hit $100, but has since weakened with USD/CAD now seen at 1.41 in Q2 2026.
USD/CAD
Brent
Fxstreet
Tue, Apr 7
GBP/JPY edges higher as rising Oil prices weigh on Japan’s economic outlook
The British Pound (GBP) trades with a mild upside bias against the Japanese Yen (JPY) on Tuesday, as elevated Oil prices stemming from the ongoing US-Iran war weigh heavily on Japan’s economic outlook, keeping the Yen on the defensive against most major peers.
GBP/JPY
Fxstreet
Tue, Apr 7
SEK: Softer inflation may delay Riksbank hikes – TD Securities
TD Securities analysts note Swedish CPIF and CPIF ex-Energy inflation for March surprised sharply to the downside, driven mainly by weaker Food and Recreation, Sport & Culture prices, partly offset by petrol.
EUR/SEK
USD/SEK
Fxstreet
Tue, Apr 7
RBNZ: Constrained as energy shock bites – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects the Reserve Bank of New Zealand (RBNZ) to keep the OCR at 2.25%, with Governor Breman set to update growth and inflation projections.
NZD/USD
Fxstreet
Tue, Apr 7
AUD/NZD: Diverging flows and policy risks – BNY
BNY’s Head of Markets Macro Strategy Bob Savage highlights a growing divergence between the New Zealand Dollar (NZD) and Australian Dollar (AUD) as markets favor currencies backed by real assets.
AUD/NZD
Fxstreet
Tue, Apr 7
Silver Price Forecasts: XAG/USD drifts below $72 with all eyes on Iran’s war
Silver (XAG/USD) is showing a mild bearish momentum on Tuesday’s European trading session, with the reversal from Monday's high, at 81.13, extending to levels below $72.00, amid vanishing hopes of a peace deal in Iran.
Silver
Fxstreet
Tue, Apr 7
Pound Sterling gives back gains against US Dollar as Iran denies ceasefire proposal
The Pound Sterling (GBP) surrenders its early gains against the US Dollar (USD) and flattens around 1.3240 during the European trading session on Tuesday.
GBP/USD
Fxstreet
Tue, Apr 7
AUD/USD recovery stalls below 0.6950 with all eyes on the Iran war
The Australian Dollar (AUD) is trading higher against the US Dollar (USD) for the second consecutive day on Tuesday, but the pair failed to find any significant acceptance above 0.6950.
AUD/USD
Fxstreet
Tue, Apr 7
EUR/GBP approaches 0.8700 lows following Eurozone and UK services data
The Euro (EUR) extends losses against the British Pound (GBP) for the second consecutive day on Tuesday, approaching the bottom of its near-term horizontal range at 0.8700, from Monday’s highs at 0.8735.
EUR/GBP
Fxstreet
Tue, Apr 7
EUR/USD: Gradual recovery path tied to Hormuz risks – NBC
National Bank of Canada (NBC) economists Stéfane Marion and Kyle Dahms describe recent Euro (EUR) weakness versus Dollar (USD) after the Iran conflict and energy shock, but keep a recovery bias for EUR/USD.
EUR/USD
Brent
Fxstreet
Tue, Apr 7
USD/JPY: Firm tone but capped below 162.00 – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/JPY traded quietly between 159.28 and 159.82, closing at 159.68, with a firm underlying tone.
USD/JPY
Fxstreet
Tue, Apr 7
NZD/USD: Tactical support eyed near 0.5630 – DBS
DBS Group Research’s Philip Wee expects the Reserve Bank of New Zealand to keep policy on hold at its April 8 meeting, looking through energy-driven inflation. He notes Governor Anna Breman’s conditional hawkishness if inflation expectations de-anchor.
NZD/USD
Fxstreet
Tue, Apr 7
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