Blogs

The EUR/GBP legged back into the 0.8600 handle on Tuesday, bolstered by a miss in UK Average Earnings and a better-than-expected print in the Eurozone’s ZEW Economic Sentiment Survey.

.

The GBP/USD is virtually unchanged amid a volatile session that witnessed the pair traveling at around 90 plus pip range, directionless after a report of inflation in the United States (US).

The Swiss Franc (CHF) trades higher against most counterparts on Tuesday as individual factors come into play in each pairing.The US Dollar is down amidst an improvement in risk appetite, with the S&P 500 – a favored barometer of risk – up over 0.4% and long-duration Treasury yields mainly down.

In Tuesday's session, the USD/JPY pair is facing a downward shift, now trading at the 145.55 level.

United States Treasury Secretary Janet Yellen said on Tuesday that she sees no reason why inflation should not come down to the Federal Reserve’s target.

The AUD/USD spiked to 0.6612 following the release of the US inflation data, but it then fell to its daily low near 0.6550.

The S&P 500 index gained 0.39% on Monday as it slightly extended its Friday’s advance of 0.4%.

The Euro wavers after the US CPI report meets expectations.

United States Redbook Index (YoY) rose from previous 3% to 3.4% in December 8