New Zealand GDT Price Index up to 21.9% from previous -1.6%

United States Redbook Index (YoY) down to 5% in October 17 from previous 5.9%

Canada Consumer Price Index - Core (MoM): 0.3% (September) vs 0.2%

Canada Consumer Price Index - Core (MoM) remains unchanged at 0.2% in September

Canada Consumer Price Index (YoY) came in at 2.4%, above expectations (2.3%) in September

Canada Consumer Price Index (MoM) above expectations (-0.1%) in September: Actual (0.1%)

Canada BoC Consumer Price Index Core (YoY) rose from previous 2.6% to 2.8% in September

Canada BoC Consumer Price Index Core (MoM) increased to 0.2% in September from previous 0%

According to a poll by Reuters, 115 of 117 economists have predicted that the Federal Reserve (Fed) will reduce interest rates by 25 basis points (bps) to 3.75%-4.00% in the monetary policy announcement on October 29.

The National Bank of Hungary (NBH) is widely expected to keep the base rate unchanged at 6.50%, BBH FX analysts report.

US Dollar (USD) could trade in a range, likely between 7.1190 and 7.1300. In the longer run, USD could drop to 7.1130; a clear break below this level will shift the focus to 7.1000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/CAD is firmer near the top-end of a multi-day 1.4000-1.4080 range. Canada’s September CPI print is up next (1:30pm London, 8:30am New York), BBH FX analysts report.

United Kingdom NIESR GDP Estimate (3M): 5.294% (September) vs 0.3%

The US Dollar (USD) is modestly stronger against most major currencies but remains comfortably within the range established since June, as narrowing U.S.–G6 rate differentials curb the potential for further rallies.

Hungary’s National Bank (MNB) will almost certainly leave its base rate unchanged at 6.50% today, leaving the overnight rate corridor unchanged as well. This decision aligns with the widely anticipated policy guidance for a prolonged hold.

Newly appointed Japan’s Finance Minister (FM) Satsuki Katayama refuses to comment when asked about whether the Bank of Japan (BoJ) will hike interest rates further.  

China’s 3Q25 GDP growth came in within market’s expectation at 4.8% y/y but the increased growth disparities highlight the risk of a sharper slowdown ahead as industrial production and exports cool.

Recently appointed Japan’s Chief Cabinet Secretary Seiji Kihara announces the list of ministers during the European trading hours on Tuesday.

Greece Current Account (YoY): €1.097B (August) vs €0.938B

Statistics Canada will publish September’s inflation figures on Tuesday. The numbers will give the Bank of Canada (BoC) a fresh read on price pressure as the central bank weighs its next move on interest rates.

United Kingdom Public Sector Net Borrowing registered at £20.24B, below expectations (£20.5B) in September

Switzerland Imports (MoM) increased to 19899M in September from previous 14920M

Switzerland Exports (MoM) increased to 23972M in September from previous 18930M

Switzerland Trade Balance rose from previous 4009M to 4073M in September

EUR/JPY halts its four-day losing streak, trading around 175.80 during the Asian hours on Tuesday. The currency pair strengthens as the Japanese Yen (JPY) weakens ahead of a parliamentary vote likely to confirm Sanae Takaichi as Japan’s next prime minister.

New Zealand Trade Balance NZD (MoM): $-1355M (September) vs previous $-1185M

New Zealand Trade Balance NZD (YoY) rose from previous $-2.99B to $-2.25B in September

New Zealand Imports increased to $7.18B in September from previous $7.12B

New Zealand Exports fell from previous $5.94B to $5.82B in September

Argentina Trade Balance (MoM) declined to $921M in September from previous $1402M