Anna 
During the Asian trading hours, the People’s Bank of China (PBoC) opted to maintain the one-year Loan Prime Rate (LPR) unchanged while cutting the five-year LPR by 25 basis points (bps) from 4.20% to 3.95%. Consequently, the Shanghai Composite and Hang Seng indexes were observed trading marginally higher on the day.
USD/CAD remained within a narrow channel around 1.3500 early Tuesday. Although the pair surged to its highest level since December near 1.3600 last week, it retraced a significant portion of its gains to conclude the week with minor advances slightly below 1.3500.
Japanese Finance Minister Shunichi Suzuki offered mild verbal interventions on Tuesday, reiterating the government’s close monitoring of foreign exchange market movements with a heightened sense of urgency. Echoing similar sentiments, Japanese Finance Ministry official Atsushi Mimura stated that the government is in constant communication and coordination with other countries regarding potential FX interventions. Following these remarks, USD/JPY traded in positive territory above 150.00.
After closing the first day of the week flat, GBP/USD faced modest bearish pressure, slipping below 1.2600 during the Asian trading session on Tuesday.
EUR/USD struggled to establish a clear direction and fluctuated within a narrow band below 1.0800 on Monday. Early Tuesday, the pair continued its sideways movement above 1.0750.
Following Friday’s rebound, Gold maintained its upward momentum and closed positively on Monday. XAU/USD remained steady early Tuesday, trading around $2,020.
