The US Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey (JOLTS) for May on Tuesday at 14:00 GMT.

Rabobank's Senior FX Strategist Jane Foley discusses British Pound (GBP) performance around United Kingdom (UK) political developments, focusing on potential leadership by Burnham and adherence to existing fiscal rules.

NZD/USD gains ground for the second successive day, trading around 0.5650 during the European hours on Tuesday. The New Zealand Dollar (NZD) maintains its upward momentum, drawing strong support from a sharp rebound in domestic sentiment.

The USD/JPY pair sticks to a bullish bias for the second consecutive day and trades around the 162.30 region during the first half of the European session, near a four-decade high touched earlier this Tuesday.

The Japanese Yen (JPY) has decisively breached long-standing four-decade technical resistance, climbing past 162.00 to reach values not seen since 1986.

The British Pound (GBP) is giving away previous gains against the US Dollar (USD) on Tuesday, weighed by the downward revision of the UK’s Q1 Gross Domestic Product (GDP) data.

USD/CAD remains stronger for the second successive day, hovering around 1.4230 during the European session on Tuesday. The currency pair steadies as the US Dollar (USD) strengthens on growing expectations of a hawkish Federal Reserve interest rate path.

The USD/CHF pair sticks to its modest intraday gains through the first half of the European session on Tuesday, with bulls now awaiting a sustained strength above the 0.8100 mark before placing fresh bets.

MUFG’s Lee Hardman notes that USD/JPY has broken above its July 2024 high as the US Dollar strengthens on a hawkish Federal Reserve backdrop.

Germany Hesse CPI (YoY) dipped from previous 2.6% to 2.3% in June

Germany Hesse CPI (MoM) remains unchanged at -0.2% in June

Germany Saxony CPI (MoM) declined to -0.3% in June from previous -0.1%

Germany Saxony CPI (YoY): 2.3% (June) vs previous 2.8%

Germany Brandenburg CPI (YoY) down to 2.4% in June from previous 2.8%

Germany Brandenburg CPI (MoM): -0.2% (June) vs previous -0.1%

Germany Baden-Wuerttemberg CPI (YoY) fell from previous 2.4% to 2.1% in June

Germany Baden-Wuerttemberg CPI (MoM) rose from previous -0.3% to -0.2% in June

Germany North Rhine-Westphalia CPI (YoY) dipped from previous 2.4% to 2.1% in June

Germany North Rhine-Westphalia CPI (MoM) fell from previous -0.2% to -0.4% in June

Germany Bavaria CPI (YoY) dipped from previous 2.6% to 2.5% in June

Germany Bavaria CPI (MoM) remains at -0.2% in June

Germany Unemployment Rate s.a. meets expectations (6.3%) in May

Germany Unemployment Change came in at -1K, below expectations (10K) in May

NZD/USD gains ground for the second consecutive day, trading around 0.5660 during the Asian hours on Tuesday. Technical analysis of the daily chart suggests the spot price is remaining within the descending channel, indicating a prevailing bearish bias.

The Swiss Franc has bounced up from session lows against the US Dollar (USD) on Tuesday, buoyed by an unexpected improvement in the Swiss economic activity outlook.

The GBP/JPY cross attracts buyers for the second consecutive day and climbs to a nearly two-week high during the early part of the European session on Tuesday.

Commerzbank analysts Charlie Lay and Dr. Henry Hao highlight resilient Indian industrial production in May, with broad-based strength across manufacturing and investment-related sectors.

UOB Group’s Senior Technical Strategist Quek Ser Leang notes that USD/JPY has broken above 162.00, reaching its highest level since 1986.

Silver (XAG/USD) trims some losses on Tuesday’s European session opening and hits session highs in the mid-range of the $59.00s, after bouncing at session lows near $56.60.

The Australian Dollar (AUD) reflects a mixed performance against its major currency peers during the European trading session on Tuesday, following the release of the Reserve Bank of Australia (RBA) monetary policy meeting minutes.