The EUR/USD retreated on Tuesday after the latest inflation report in Germany, which increased the likelihood of another interest rate cut by the European Central Bank (ECB).
The USD/CAD rallied to a three-week high above the 200-day moving average (DMA) of 1.3588, gaining 0.36% after bouncing off the daily lows of 1.3553.
The GBP/USD pair remains on the defensive, slipping toward 1.3050 during the American session.
The AUD/USD declined by 0.10% to 0.6660 in Tuesday's session, impacted by weak Australian data and a steady US Dollar.
The Mexican Peso depreciated over 1% against the American Dollar on Tuesday amid increasing tensions surrounding the Senate's approval of judicial reform.
In Tuesday's session, the EUR/GBP pair mildly rose to 0.8440 and is showing that the technical outlook remains mixed.
The GBP/USD is on the backfoot after spiking to a daily high of 1.3107 after a solid UK jobs report, though it has retreated below the 1.31 handle as traders await the release of US inflation data.
The AUD/USD pair falls to near 0.6650 in Tuesday’s North American session.
The USD/CAD pair holds into gains near 1.3550 in Tuesday’s North American session.
The Pound Sterling (GBP) has crept a little higher over the course of the trading day so far.
The last important data are due today before next week's Norges Bank meeting: Inflation figures for August, Commerzbank’s FX analyst Antje Praefcke notes.
The Canadian Dollar (CAD) is little changed and continues to hold close to the levels seen in late trade Friday in the upper 1.35s.
GBP/CHF edges lower on Tuesday, trading in the 1.1090s as it continues rolling over from the 1.1237 August 19 high.
EURUSD is all but unchanged, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
EUR/GBP decline has stalled after forming interim trough near 0.8400 recently, Société Generale FX strategists note.
EUR/GBP is falling within a shallow ascending recovery channel that began at the August 30 lows and the overall short-term trend is unclear.
The USD/JPY pair steadies near 143.00 in Tuesday’s European session, holding gains generated after rebounding from the Year-to-date (YTD) low of 141.70 on Monday.
The US Dollar (USD) is likely to trade in a range between 142.40 and 144.00.
The USD/CAD pair stays in a tight range above 1.3550 in Tuesday’s European session.
For the second time this summer, the Norwegian krone is experiencing a major selloff without a clear catalyst.
The New Zealand Dollar (NZD) could break below 0.6115; the support at 0.6085 is highly unlikely to come into view, UOB Group FX strategists Quek Ser Leang and Peter Chia note.
EUR/GBP has come off this morning after the latest batch of UK jobs data was slightly better than expected, ING’s FX strategist Chris Turner notes.
The Australian Dollar (AUD) is likely to weaken further; the support at 0.6620 is likely out of reach today, UOB Group FX strategists Quek Ser Leang and Peter Chia note.
The highlight of yesterday's European session was Mario Draghi's release of the report, The Future of European Competitiveness, ING’s FX strategist Chris Turner notes.
AUD/USD extends the short-term downtrend it began after rolling over at the August 29 highs.
The NZD/USD pair edges higher to near 0.6150 but trades inside Monday’s trading range in Tuesday’s European session.
The EUR/JPY cross attracts some buyers for the second straight day on Tuesday and steadily climbs back to the mid-158.00s during the first half of the European session.