USD/NZD Exchange rate

EUR/USD extends its daily recovery beyond 1.1150 in the second half of the day on Tuesday. The US Dollar struggles to find demand following the softer-than-expected April inflation data, allowing the pair continue to stretch higher.

GBP/USD benefits from the broad-based selling pressure surrounding the US Dollar and trades above 1.3250 in the American session on Tuesday. The data from the US showed that the annual CPI inflation declined to 2.3% in April from 2.4% in March.

Gold partially leaves behind the pessimism seen at the beginning of the week and trades near $3,250 in the second half of the day on Tuesday. The cautious market mood and the soft April CPI inflation data from the US help XAU/USD hold its ground.

UnitedHealth Group stock slumped 10.4% in Tuesday's premarket after the United States' largest private health insurer said it would suspend guidance for 2025 due to increasing healthcare costs. The sell-off sent shares down to a more than four-year low near $340.

Markets roared back to life as the US and China hit pause on their escalating trade war, with both sides emphasizing mutual respect and dignity. But it wasn’t the fine print that moved markets—it was the mood shift. Investors rushed back into risk assets, betting that the worst might be behind us.