The Mexican Peso (MXN) advanced against the US Dollar (USD) in early trading during the North American session as US Treasury bond yields edged lower, a headwind for the Greenback.
AUD/JPY holds ground after RBA’s decision
In Tuesday's session, the AUD/JPY pair traded mildly higher, hitting a daily high at 96.83 and then stabilizing at 96.40.
EUR/USD churns sideways on Tuesday's upbeat European data
EUR/USD cycled Tuesday’s opening bids in a tight pattern as investors await further indications of when central banks will begin making rate cuts with broader markets hinging their focus on interest rate activity.
Silver Price Analysis: XAG/USD gains modestly but is not out of the woods
Silver price prints modest gains in the mid-North American session, as US Treasury bond yields drop sharply, as traders await next week’s inflation report out of the United States.
European indexes recover ground as investors focus on positive data releases
European indexes rebounded on Tuesday, bolstered by market participants focusing on green prints in European economic figures and shrugging off a steeper near-term decline in European Retail Sales in December.
Argentina Industrial Output n.s.a (YoY) dipped from previous -4.9% to -12.8% in December
Argentina Industrial Output n.s.a (YoY) dipped from previous -4.9% to -12.8% in December
Canadian Dollar grinds out a limited recovery after BoC Macklem
The Canadian Dollar (CAD) managed to pump the brakes on a two-day backslide on Tuesday, but a recovery seems limited as Canadian economic figures look mixed.
GBP/JPY Price Analysis: Hovers at around 186.30s awaiting fresh data
The GBP/JPY is virtually unchanged during the North American session, with the pair consolidating within a tight 186.18/186.77 range on Tuesday.
GBP/USD climbs on falling US yields, upbeat market mood
The GBP/USD recovered some ground against the US dollar on Tuesday during the mid-North American session amid a risk-on impulse and falling US Treasury bond yields.