USD/CNY Exchange rate

The AUD/USD pair has surpassed 0.7110 as investors are awaiting the release of the Federal Open Market Committee (FOMC) minutes on Wednesday. The pair struggled to surpass 0.7120 on Tuesday and is attempting to elevate itself above the fortnight high at 0.7127.

EUR/USD dribbles around a one-month high, after rising for the last two consecutive days to Wednesday’s Asian morning, as the US dollar selling pauses ahead of the key catalyst, as well as amid a risk-off mood. 

The gold price has been moving higher on Tuesday as the US dollar gave way to the bears yet again, sliding to a one-month low following hawkish rhetoric from the European Central Bank President Christine Lagarde.

Cardano price action continues to dip lower and lower, following the broader market in a continued downtrend. Time cycles indicate relief may not come until June.

Another double-dose rate hike is on the table for the RBNZ when it meets this Wednesday to decide on its monetary policy at 0200 GMT. The central bank’s outlook on the pace of tightening, however, will be key in determining NZD/USD’s next price direction.