In an uncertain market environment, the US dollar showed a strengthening in the New York session yesterday.
In the spotlight, President Donald Trump has announced that the new tariffs will take effect on August 1.
Trump has announced that he has sent letters to several countries and said that he will impose 25% tariffs on Japan and South Korea.
He also sent tariff notification letters to the leaders of Malaysia, Kazakhstan, Myanmar, Laos and South Africa with the new tariff rates being close to the levels announced in April.
Investors will remain cautious with the expectation of a situation that remains uncertain while watching the development of tariffs that are once again a factor influencing the market.
Today (Tuesday), attention is focused on the decision of the Australian central bank's policy meeting at 12.30 pm local time.
The Reserve Bank of Australia (RBA) is expected to cut interest rates by 25 basis points to 3.60%, indicating that the policy easing measures are still ongoing.
Ahead of today's meeting, the Australian dollar had already shown a depreciation in value at the opening of the week yesterday.
Meanwhile, the Reserve Bank of New Zealand (RBNZ) is expected to keep interest rates unchanged at its meeting on Wednesday.
