The Australian Dollar (AUD) remains under sustained downside pressure, dragging AUD/USD to multi-week lows.

The US Dollar keeps benefiting from the Iran war, despite the fiscal hole it adds to the United States’ troubled budget and the chaos it creates for inflation and monetary policy. How come? And more relevantly, will the Greenback preserve its momentum once the Oil war is over?

A simple rule suggests US interest rates should be higher than they are today. Yet the Federal Reserve is standing still. That gap between theory and reality is becoming one of the more interesting tensions in global markets and one that could shape the next move in the US Dollar. 

The EUR/USD is trading near the 1.14620 mark as of this writing, this as the month of March concludes with the currency pair mired in a rather dramatic bearish trajectory.

The AUD/USD pair finds some support ahead of the 100-day Simple Moving Average (SMA) on Tuesday and stages a modest recovery from the vicinity of an over two-month low, touched the previous day.

Gold has regained recovery momentum to retest $4,600 in Asian trades on Tuesday, after having defended the $4,400 level.