The US Dollar strengthened against the New Zealand Dollar and Canadian Dollar during Asian trading hours on Tuesday, supported by a hawkish stance from the Federal Reserve. According to FX Street, the NZD/USD pair traded around 0.5705, reflecting the greenback's broad-based gains.
Meanwhile, the USD/CAD pair was quoted between 1.4165 and 1.4170, retreating slightly from its highest level since April 2025. The Canadian Dollar faced pressure amid the stronger US Dollar momentum, as reported by FX Street.
Silver prices also declined sharply, with the metal trading near $64.50 per troy ounce, down over 1% due to the Fed's tightening signals. For Japanese investors, these moves highlight continuing volatility in FX and commodity markets driven by US monetary policy and its global ripple effects.