United Kingdom Nationwide Housing Prices n.s.a (YoY) came in at 1.8%, above expectations (1.4%) in November

United Kingdom Nationwide Housing Prices s.a (MoM) above forecasts (0%) in November: Actual (0.3%)

The EUR/GBP cross holds steady near 0.8785 during the early European trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of the preliminary reading of the Harmonized Index of Consumer Prices (HICP) from the Eurozone later on Tuesday. 

GBP/USD is battling 1.3200 in the early European trading hours on Tuesday, consolidating the previous sharp retracement from five-week highs of 1.3276.

The US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades flat around 99.45 during the early European trading session on Tuesday. The USD Index has turned sideways after bouncing back from the monthly low around 99.00, revisited on Monday.

Pi Network (PI) ticks higher by 2% at press time on Tuesday, after a steady decline over four consecutive days, marking a downcycle within a larger consolidation range.

The Indian Rupee (INR) opens on a weak note against the US Dollar (USD) on Tuesday. The USD/INR pair rises to near 90.00 as the Indian Rupee continues to underperform its peers amid strong US Dollar demand by importers and the consistent outflow of foreign funds from the Indian stock market.

The USD/CHF pair trades in negative territory near 0.8045 during the early European session on Tuesday. The prospect of a US interest rate cut in December weighs on the US Dollar (USD) against the Swiss Franc (CHF).

The AUD/USD pair attracts some dip-buyers during the Asian session on Tuesday and stalls the previous day's modest pullback from a nearly three-week top.

Japan Consumer Confidence Index came in at 37.5, above expectations (35.9) in November

The EUR/JPY cross is building on the overnight modest bounce from the vicinity of the 180.00 psychological mark, or a four-day low, and gaining some positive traction during the Asian session on Tuesday.

Gold prices fell in India on Tuesday, according to data compiled by FXStreet.

The EUR/USD pair extends its upside to near 1.1615 during the Asian trading hours on Tuesday. The US Dollar (USD) weakens against the Euro (EUR) as weaker-than-expected US Manufacturing PMI data heaps pressure on the Federal Reserve (Fed) to cut interest rates later this month.  

Gold (XAU/USD) attracts some sellers during the Asian session on Tuesday and moves away from its highest level since October 20, around the $4,264-4,265 region, touched the previous day.

AB (AB) and privacy coins, including Zcash (ZEC) and Monero (XMR), are among the leading losers over the last 24 hours amid a broader sell-off in the cryptocurrency market.

The USD/CAD pair clings to Monday’s recovery move to near 1.4010 during the Asian trading session on Tuesday.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.25 during the Asian trading hours on Tuesday. The WTI edges slightly lower amid renewed US Dollar (USD) demand.

The Japanese Yen (JPY) edges lower during the Asian session on Tuesday and retreats further from a two-week high, touched against its American counterpart the previous day. A generally positive tone around the Asian equity markets is seen as a key factor undermining the JPY's safe-haven status.

Silver price (XAG/USD) falls to around $56.70 during the Asian trading hours on Tuesday. The white metal faces some profit-taking after reaching a record high in the previous session.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 7.0794 compared to the previous day's fix of 7.0759.

The AUD/USD pair trades on a flat note near 0.6540 during the early Asian trading hours on Tuesday. Weaker-than-expected US economic data and rising US interest rate cut expectations in December drag the US Dollar (USD) lower against the Australian Dollar (AUD).

The NZD/USD pair ticks lower during the Asian session on Tuesday and moves further away from an over one-month peak, around mid-0.5700s, touched the previous day.

Australia Building Permits (YoY) dipped from previous 15.3% to -1.8% in October

Australia Current Account Balance came in at -16.6B below forecasts (-13.3B) in 3Q

Australia Building Permits (MoM) came in at -6.4% below forecasts (-4.5%) in October

Ripple has received expanded regulatory approval from Singapore's Monetary Authority (MAS), allowing the company to widen the scope of its licensed payment services in the country.

Gold price (XAU/USD) extends the rally to near $4,230 during the early Asian trading hours on Tuesday. The precious metal edges higher to a near six-week high amid growing expectations of US interest rate cuts.