The Canadian Dollar (CAD) struggled to find momentum on Tuesday, holding steady against an equally-sluggish US Dollar (USD) as investors brace for the last Federal Reserve (Fed) interest rate decision of the year.
The Dow Jones Industrial Average (DJIA) withered on Tuesday, shedding another 120 points in a second straight soft day.
The US Dollar (USD) managed to add to Monday’s optimism as market participants geared up for the last FOMC event of the year on Wednesday. Firm data from the weekly ADP report and JOLTS readings also reinforced the bullish move in the Greenback.
Gold (XAU/USD) resumed its uptrend on Tuesday and is up 0.57% following a solid jobs report from the United States (US), which wouldn’t deter the Federal Reserve (Fed) from easing rates on Wednesday. XAU/USD trades at $4,213 after bouncing off daily lows of $4,170.
Silver (XAG/USD) extends its historic run on Tuesday, surging past the $60 mark for the first time as bullish momentum accelerates ahead of the Federal Reserve’s (Fed) interest rate decision.
Bitcoin (BTC), alongside most top cryptos, saw a 5% gain on Tuesday following President Donald Trump's remarks on monetary policy in a Politico interview. The US President noted that the next Federal Reserve (Fed) Chair will be expected to lower interest rates immediately.
NZD/USD trades around 0.5780 on Tuesday at the time of writing, virtually unchanged on the day. The New Zealand Dollar (NZD) is attempting to extend its rebound, but the US Dollar (USD) has regained a touch of support, limiting the pair’s upward momentum.
EUR/USD trades with limited direction on Tuesday, holding around 1.1640 at the time of writing as market participants avoid taking major positions ahead of Wednesday’s Federal Reserve (Fed) meeting.
Bitwise, a leading digital asset fund manager, has launched the Bitwise 10 Crypto Index Exchange Traded Fund (ETF), which began trading on the NYSE Arca on Tuesday. The product, trading under the symbol BITW, features a basket of ten cryptocurrencies that meet specified requirements.
The Japanese Yen (JPY) weakens against the US Dollar (USD) on Tuesday, with USD/JPY extending gains for the third straight day as the Greenback strengthens following firmer labour-market signals. At the time of writing, the pair is trading near 156.90, its highest level since November 25.
GBP/USD drops below the key support level seen at the 200-day Simple Moving Average (SMA) of 1.3331 and weakens some 0.21% on Tuesday as traders brace for the policy decision of the Federal Reserve on Wednesday. At the time of writing, the pair trades below 1.3300 after reaching a high of 1.3356.
Bank of England Deputy Governor for Markets and Banking Dave Ramsden, Deputy Governor for monetary policy Clare Lombardelli, and MPC member Catherine Mann gave comments to the Treasury Select Committee on Tuesday about the November monetary policy report.
Ripple (XRP) is extending its consolidation above a key $2.00 support level at the time of writing on Tuesday, as the broader cryptocurrency market struggles with increasing macroeconomic uncertainty.
West Texas Intermediate (WTI) US Oil trades around $58.50 on Tuesday at the time of writing, down 0.40% on the day. The Crude Oil market is declining after the announcement of restored production at Iraq’s West Qurna 2 field, a development that increases short-term supply and pressures Oil prices.
Copper started the week at a new record high of almost $11,800 per ton, up 33% on the start of the year. China impressed with good export figures: exports were almost 6% higher than last year, giving China its third-largest monthly trade surplus ever.
The Japanese Yen (JPY) is slightly weaker against the US Dollar (USD), underperforming its G10 peers as markets await PPI data.
According to a report by the Bank for International Settlements (BIS), the rise in Gold prices since the beginning of September has been amplified by speculative purchases by retail investors, thereby decoupling Gold from typical patterns of behavior such as that of a safe haven.
The Pound Sterling (GBP) remains steady in the lower/mid-1.33s, with sentiment-driven consolidation following the post-budget rally, while traders await Friday’s UK trade and industrial production data and weigh the BoE’s policy outlook for 2026, Scotiabank's Chief FX Strategists Shaun Osborne and E
The Euro (EUR) holds steady against the British Pound (GBP) on Tuesday, with EUR/GBP oscillating within its familiar range as traders remain on the sidelines amid a lack of fresh catalysts, with attention gradually shifting toward next week’s monetary policy meetings from the European Central Bank (
Reuters and Bloomberg have meanwhile published their surveys on OPEC production in November.
The Euro (EUR) is entering Tuesday’s NA session flat to the US Dollar (USD) as it extends its tight consolidation for a fourth consecutive session and trades within a remarkably narrow range in the mid-1.16s, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
China boosted crude imports from Saudi Arabia and Iran in November, while Russian volumes declined amid weak demand and newly imposed U.S. sanctions.