European Commission (EC) President Ursula von der Leyen acknowledged she communicated with United States (US) President Donald Trump, and will instruct the EC to accelerate proposals to clamp down on Russian market access in retaliation for failing to reach a peacefire agreement with Ukraine.

AUD/USD extended into another bullish candle on Tuesday, extending the Australian Dollar’s (AUD) recent bull run against a broad-market Greenback selloff.

The Canadian Dollar (CAD) stepped into a second straight day of firm gains against the US Dollar (USD) on Tuesday.

The Swiss franc (CHF) surges to multi-year highs against the US Dollar (USD) on Tuesday as the Greenback faces intense selling pressure. The USD/CHF pair is trading around 0.7862 at the time of writing, down nearly 1.0% on the day and marking its lowest level since September 2011.

The US Dollar (USD) accelerated its decline on Tuesday, hitting levels last seen in early July as investors continued to assess the likelihood of extra interest rate cuts by the Federal Reserve in the next few months.

The Pound Sterling advances over 0.30% as the Greenback drops to a ten-week low, according to the US Dollar Index (DXY). The two-day meeting by the Federal Open Market Committee (FOMC) begins on Tuesday, at which the Fed is expected to reduce interest rates.

The Japanese Yen (JPY) is extending its advance against the US Dollar (USD) on Tuesday, with the USD/JPY pair falling for a second consecutive day. At the time of writing, USD/JPY is trading around 146.56, down nearly 0.55% on the day and marking its lowest level since September 9.

The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Tuesday, with USD/CAD extending losses for the second straight day and dropping to its lowest level since September 1.

The Euro (EUR) came under mild pressure against the US Dollar (USD) during the American session on Tuesday, as upbeat US economic data tempers risk appetite and lifts the Greenback modestly off recent lows.

The Euro (EUR) is strong, up 0.4% against the US Dollar (USD) and outperforming all of the G10 currencies on the back of a better than expected ZEW investor sentiment survey.

The Canadian Dollar (CAD) is entering Tuesday’s NA session with a modest gain as it seeks to extend Monday’s rally, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

The AUD/USD trades firmly near its Monday’s high around 0.6670 during the European trading session on Tuesday.

Pound Sterling (GBP) gained modestly against the dollar but underperformed the euro as stagnant productivity, soft labor demand, and sticky wage growth underscore the UK’s stagflation risk, BBH FX analysts report.

EUR/USD is firming toward its July high as resilient Eurozone data and a steady ECB policy stance underpin the uptrend, while relative Fed dovishness continues to favor the euro, BBH FX analysts report, BBH FX analysts report.

The US Dollar extends losses on Tuesday after a nearly 0.5% decline on Monday. Bears are focusing on 10-day lows, at 1.3760, with upside attempts capped below 1.3780 as the market awaits Canadian CPI and US Retail sales to frame interest rate decisions later this week.

US Dollar (USD) is likely to trade in a range between 147.00 and 147.60. In the longer run, a narrower range of 146.20/148.50 is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Firmer underlying tone is likely to lead to New Zealand Dollar (NZD) trading in a higher range of 0.5955/0.5980. In the longer run, NZD could break above 0.5990; the scope for further advance may be limited, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Germany 5-y Note Auction down to 2.29% from previous 2.32%

We've just seen the release of UK jobs data for August. Unlike in the US, where the 'solid' labour market crumbled this summer, payrolled job losses were only a modest 8k in August.

Australian Dollar (AUD) is likely to continue to edge higher, but it is unlikely to reach 0.6700. In the longer run, the price action continues to suggest a higher AUD; the next level to watch is 0.6700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Eurozone Industrial Production w.d.a. (YoY) came in at 1.8%, above forecasts (1.7%) in July

Eurozone Industrial Production s.a. (MoM) below forecasts (0.4%) in July: Actual (0.3%)

Eurozone ZEW Survey – Economic Sentiment above forecasts (20.3) in September: Actual (26.1)

Germany ZEW Survey – Economic Sentiment registered at 37.3 above expectations (27.3) in September

Germany ZEW Survey – Current Situation registered at -76.4, below expectations (-75) in September

The New Zealand Dollar has failed on its attempt to break the 0.5980 resistance area (September 11 high) earlier on Tuesday, but maintains its broader bullish trend intact amid the risk-on mood, with investors bracing for a Fed monetary easing on WednesdayThe US Dollar is trading lower across the bo

Eurozone Labor Cost Index registered at 3.6%, below expectations (3.7%) in 2Q

EUR/USD remains near the upper end of its three-month trading range, with another test of 1.18 possible today. Despite a recent spike, implied volatility has retreated, underscoring calmer market conditions, Commerzbank's FX analyst Michael Pfister notes.

Upward momentum is starting to build; the odds of Euro (EUR) breaking above 1.1790 are increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Political instability and missed fiscal targets are raising doubts about France’s ability to meet EU rules and avoid further rating downgrades. The path ahead looks highly uncertain, ING's FX analyst Chris Turner notes.