The Australian dollar rose by 0.14% to $0.6258 following a recent decision by the Reserve Bank of Australia (RBA) to hold rates at 4.1%, after its first quarter-point cut in over four years last month.

The RBA cited pronounced geopolitical uncertainties and the impact of U.S. tariffs on global confidence in its statement. “The RBA’s statement suggests they’re inching towards their next cut, but in no rush to signal one,” commented Matt Simpson, a senior market analyst at City Index. He added that the central bank prefers to wait until it is confident that its policy trajectory is correct.

Meanwhile, Bitcoin was trading slightly higher at approximately $83,040. Oil prices also experienced gains, building on Monday’s 2% surge. Brent crude edged up 0.23% to $74.94 per barrel, while U.S. West Texas Intermediate advanced 0.22% to $71.64. The OPEC basket of twelve crudes stood at $75.96 per barrel on Tuesday, up from $75.74 the previous day.

Over the weekend, President Trump threatened to impose secondary tariffs on Russian and Iranian crude, and warned of potential bombing if Tehran failed to reach an agreement with Washington over its nuclear program.