The US Dollar Index (DXY) struggles to find demand on Tuesday, even after strong United States Gross Domestic Product (GDP) Data. The DXY is now trading near the 98.00 price region after touching a three-month low in the Asian trading hours.

The Australian Dollar (AUD) extends gains against the US Dollar (USD) on Tuesday after the Reserve Bank of Australia’s Meeting Minutes showed policymakers discussed the risk that interest rates may need to rise if inflation remains persistent.

USD/JPY trades around 156.40 on Tuesday at the time of writing, down 0.40% on the day. The pair remains under pressure despite a US Dollar (USD) supported by a string of better-than-expected US data, as the move is largely offset by renewed strength in the Japanese Yen (JPY).

The British Pound (GBP) pares earlier gains against the US Dollar (USD) on Tuesday as traders digest a mixed batch of US economic data. At the time of writing, GBP/USD trades around 1.3478, easing slightly after climbing to its highest level since October 1, near 1.3518.

AUD/USD trades around 0.6680 on Tuesday at the time of writing, up 0.40% on the day. However, the pair is slightly off a three-month high of 0.6700 reached earlier in the day, with the pullback triggered by better-than-expected US economic releases that provided fresh support to the US Dollar.

The Euro (EUR) holds steady against the US Dollar (USD) on Tuesday as traders digest a mixed slate of US economic data. At the time of writing, EUR/USD trades around 1.1773, retreating after touching an intraday high near 1.1802.

The Euro (EUR) remains under pressure against the Swiss Franc (CHF) on Tuesday, as rising geopolitical tensions drive flows into the safe-haven Franc. At the time of writing, EUR/CHF trades around 0.9287, hovering near its lowest level since November 21.

EUR/JPY corrects and trades around 183.90 on Tuesday at the time of writing, down by 0.30% on the day, after posting a record high near 184.92 earlier in the week.

Brazil Mid-month Inflation registered at 0.25%, below expectations (0.3%) in December

The USD/JPY pair trades 0.75% lower to near 155.80 during the European trading session on Tuesday.

USD/CHF extends its decline for a second consecutive session, down 0.60% on Tuesday at the time of writing, returning to an October 17 low near 0.7873.

Switzerland ZEW Survey – Expectations: 6.2 (December) vs previous 12.2

AUD/JPY declines after four days of gains, trading around 104.30 during the European hours on Tuesday. The currency cross has pulled back from 104.62, the highest level since July 2024, which was recorded in the previous session.

The AUD/USD pair extends its Monday’s advance to near 0.6680 during the European trading session on Tuesday.

The Pound Sterling (GBP) trades broadly higher against its major peers, and revisits the almost 12-week high to near 1.3500 against the US Dollar (USD) during European trading hours on Tuesday.

The NZD/USD pair attracts some follow-through buyers for the second consecutive day and climbs back closer to the monthly peak during the first half of the European session.

The USD/CAD pair extends the previous day's rejection slide from the 1.3800 mark and attracts some follow-through selling for the second consecutive day on Tuesday.

The GBP/USD pair builds on the previous day's strong move higher and gains positive traction for the second consecutive day on Tuesday.

Here is what you need to know on Tuesday, December 23:

The GBP/JPY pair retraces to near 210.30 on Tuesday from its multi-year high of 211.60 posted on Monday.

The Indian Rupee (INR) continues to struggle to extend its last week’s reversal move against the US Dollar (USD) on Tuesday. The USD/INR pair regains ground after posting a fresh over three-week low near 89.25 as Indian importers catch the pullback to add US Dollars at attractive levels.

The EUR/GBP cross trades in negative territory for the fourth consecutive day near 0.8730 during the early European session on Tuesday.

USD/CHF extends its losses for the second consecutive day, trading around 0.7900 during the Asian hours on Tuesday.

The AUD/JPY cross attracts some sellers near 104.05 during the early European session on Tuesday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) amid the intervention fears.

EUR/USD extends its gains for the second successive session, trading around 1.1780 during the Asian hours on Tuesday. On the daily chart, technical analysis indicates a persistent bullish bias, as the pair moves upward within the ascending channel pattern.

The Japanese Yen (JPY) remains on the front foot against a broadly weaker US Dollar (USD) for the second consecutive day on Tuesday and seems poised to appreciate further.

Silver price (XAG/USD) hit a fresh record high of $70.00 during the Asian hours on Tuesday, trading around $69.70 per troy ounce at the time of writing. Precious metals, including Silver receive support from safe-haven demand amid rising United States (US)–Venezuela tensions.

The EUR/JPY pair corrects to near 184.00 during the Asian trading session on Tuesday from its all-time high of 184.92 posted the previous day.

The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Tuesday, following the release of the Reserve Bank of Australia (RBA) Minutes of its December monetary policy meeting.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 7.0523 compared to the previous day's fix of 7.0572 and 7.0267 Reuters estimate.