Brent Crude has recovered from its April–May low around $58.40 and is now pushing toward the 200-day moving average near $65.75, a level that has capped recent rebound attempts, Société Générale's FX analysts note.

During the European trading session on Tuesday, chiefs of many of the world's major central banks issued a joint statement in support of Federal Reserve (Fed) Chair Jerome Powell after the Trump administration threatened him with a criminal indictment.

Spain 12-Month Letras Auction: 2.032% vs 1.99%

Spain 6-Month Letras Auction increased to 1.981% from previous 1.931%

Greece Consumer Price Index - Harmonized (YoY) up to 2.9% in December from previous 2.8%

Greece Consumer Price Index (YoY) increased to 2.6% in December from previous 2.4%

Spain 12-Month Letras Auction down to 1.981% from previous 1.99%

France Budget Balance: €-155.4B (November) vs previous €-136.17B

Turkey Current Account Balance below expectations ($-3.3B) in November: Actual ($-3.996B)

Japan's economy minister, Minoru Kiuchi, said on Tuesday that the government needs to aim for early parliamentary passage of fiscal budget 2026.

Netherlands, The Consumer Price Index n.s.a (YoY) declined to 2.8% in December from previous 2.9%

The US Bureau of Labor Statistics (BLS) will publish December’s Consumer Price Index (CPI) report on Tuesday at 13:30 GMT. The report is expected to show that prices remained broadly stable in the last month of 2025.

Japan Trade Balance - BOP Basis: ¥3137.8B (November) vs ¥2476.4B

Japan Bank Lending (YoY) registered at 4.4% above expectations (4.1%) in December

Japan Current Account n.s.a. below expectations (¥3594B) in November: Actual (¥3.674B)

Japan’s Finance Minister Satsuki Katayama said on Tuesday that she had held a bilateral discussion with US Treasury Secretary Scott Bessent and confirmed she had raised the issue directly with US officials in Washington.

US President Donald Trump said that any country that does business with Iran will face a tariff rate of 25% on any business conducted with the United States, effective immediately, Reuters reported on Monday.

Australia Westpac Consumer Confidence increased to -1.7% in January from previous -9%

Federal Reserve Bank of New York President John Williams said late Monday that US monetary policy is now “well positioned” to  guide inflation back to target without harming jobs. Williams signaled no urgency to resume interest-rate cuts as the central bank moves closer to a neutral policy stance.

New Zealand NZIER Business Confidence (QoQ) up to 48% in 4Q from previous 18%

The US Dollar (USD) lost some of its shine on Monday, weighed down by renewed concerns over the Fed’s independence as investors seem to have started to pencil in a (more?) dovish Fed in the upcoming months.

United States 10-Year Note Auction dipped from previous 4.175% to 4.173%

United States 3-Year Note Auction fell from previous 3.614% to 3.609%

Outlook for USD is neutral now; it is likely to trade between 6.9660 and 7.0160, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Despite limited euro-zone data and muted European Central Bank (ECB) messaging, EUR/USD could move toward 1.16 and potentially 1.17–1.1750 if concerns over Fed political risk ease, though geopolitical tensions around Greenland continue to cloud the outlook, ING's FX analyst Francesco Pesole notes.

The latest US Employment Situation report by the Bureau of Labor Statistics (BLS) last Fri (9 Jan) presented two main downside surprises as jobs growth in December missed expectations even though the bar was set low while unemployment rate also dipped below expectations.

EUR/CAD extends its gains for the second successive session, trading around 1.6210 during the European hours on Monday. The currency cross advances as the Euro (EUR) gains support from signs that the European Central Bank (ECB) is nearing the end of its rate-cutting cycle.

Federal Reserve (Fed) Chair Jerome Powell said in a statement that  the US Justice Department has threatened criminal charges against him in connection with his Senate testimony last June, during which he discussed the estimated $2.5 billion renovation.

Federal prosecutors have opened a criminal investigation into Federal Reserve (Fed) Chair Jerome Powell regarding the central bank's renovation of its Washington headquarters and whether Powell lied to Congress about the project's scope, the New York Times reported on Sunday. 

Australia ANZ Job Advertisements increased to -0.5% in December from previous -0.8%