National Bank of Canada (NBC) economists Matthieu Arseneau and Alexandra Ducharme say Canada’s real GDP started 2026 on a firmer footing, with January growth beating expectations and preliminary data pointing to a solid Q1 gain.

According to Societe Generale’s Dev Ashish, higher Oil prices improve Colombia’s outlook, with growth expected to move back toward potential in 2026–27. Inflation expectations are stabilizing, though Oil passthrough could generate temporary upside.

Gold (XAU/USD) price recovers some ground on Tuesday, rallying nearly 3% as the Iranian President Masoud Pezeshkian hinted that the regime is ready to end the war.

Commerzbank’s Dr. Henry Hao notes that China’s March PMIs show manufacturing back in expansion, supported by restocking, government spending and resilient exports, while non-manufacturing also edges above 50.

Standard Chartered’s Senior Economist Tommy Wu revises Taiwan’s 2026 macro outlook as higher Oil and LNG prices from Middle East tensions lift import costs. The bank now sees CPI inflation at 2.1% instead of 1.5%, and trims GDP growth to 7.6% from 8.0%.

The US Dollar Index (DXY) fell to near the 100.00 region on Tuesday, holding a weak tone as the US Dollar (USD) lost its safe-haven demand amid growing hopes of a de-escalation of the war in the Middle East.

The USD/CHF pair retreats on Tuesday after hitting a year-to-date (YTD) high at 0.8042, hovering below the 0.8000 figure amid growing speculation of a de-escalation of the Middle East conflict. At the time of writing, the pair trades at 0.7997, up 0.01%.

UOB reports that the central bank of Malaysia, Bank Negara Malaysia (BNM) expects 2026 headline inflation to average 1.5%-2.5%, with core inflation at 1.8%-2.3%.

MUFG’s Senior Currency Analyst Michael Wan highlights that higher Oil prices and potential energy shortages are increasingly weighing on Asian FX.

NZD/USD surged and is now trading near the 0.5750 price region, starting the Asian session with a bullish bias on Wednesday.

OCBC strategists Sim Moh Siong and Christopher Wong note USD/TWD has risen nearly 2.5% this month but remains more contained than other Asian FX such as KRW, THB and MYR.

AUD/USD rallied 0.69% on Tuesday, snapping a five-day losing streak to close around 0.6900 after bouncing sharply from a session low near 0.6830.

Silver prices rebounded, surging sharply more than 7% as Oil prices took a hit, which pushed the Greenback lower due to its close positive correlation. Also, falling US Treasury yields are driving the white metal higher, up to $75.00 by March's end.

USD/JPY fell 0.62% on Tuesday, its second consecutive decline, closing around 158.70 after an early push toward 160.00 was firmly rejected.

GBP/USD edged 0.32% higher on Tuesday in choppy trading, closing around 1.3230 after swinging between a session low near 1.3160 and a high close to 1.3260. The gain snapped a five-day losing streak, though the bounce lacked conviction and left price well below its key moving averages overhead.

BNY’s Head of Markets Macro Strategy Bob Savage notes that the Bank of Korea (BoK) may consider policy easing as Middle East geopolitical shocks threaten domestic growth.

UOB notes that the central bank of Malaysia, Bank Negara Malaysia (BNM) is expected to keep the Overnight Policy Rate at 2.75% through early 2027.

OCBC strategists Sim Moh Siong and Christopher Wong highlight USD/IDR grinding higher toward 17,000 on firm Dollar, risk-off sentiment and Oil-related terms-of-trade pressures.

TD Securities’ Global Strategy Team reports that China’s March PMIs moved back into expansion, with Manufacturing and Non-manufacturing both beating expectations.

The AUD/USD pair is seen building on the previous day's recovery move from over a two-month low and gaining traction for the second consecutive day on Wednesday.