The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the European session on Tuesday, as European stock markets traded higher on renewed hopes for progress in Middle East peace talks, with reports suggesting that there could be a second round of talks to end the West Asia conflict.
Without further elaborating details, U.S. President Donald Trump said on Monday that the U.S. has been called by the other side and he is still willing to engage with Tehran.
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Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.