India, March 18 -- The New Zealand dollar strengthened, and the safe-haven yen weakened against major currencies in the Asian session on Tuesday amid risk appetite, as traders continued to pick up stocks at reduced levels following recent weakness. They also seemed reluctant to make more significant moves ahead of the U.S. Fed's monetary policy announcement on Wednesday.
Traders may also follow the latest geopolitical developments and assess their impact on financial markets. Investor confidence was raised by optimism for US-Russia peace talks, which contributed to the NZD's rise as well as JPY's drop.
The optimism around China's stimulus initiatives continues to provide strong support for the global risk mood.
Markets have been pricing ...