Blogs

European equity indexes initially climb on Tuesday, hitting near-term highs before revising direction once again and testing into the low side of recent activity.

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The Mexican Peso (MXN) plunges sharply against the US Dollar (USD) on Tuesday on risk aversion in the FX space.

The GBP/USD slumped more than 0.40% in the mid-North American session amid a strong US Dollar (USD) and high US Treasury bond yields underpinning the Greenback to the detriment of the Pound Sterling (GBP).

The EUR/USD tumbled into fresh lows for 2024, hitting its lowest bids in nearly six weeks after the Euro extended broad-market declines on the back of souring consumer sentiment and declining bank lending activity confirmed by the latest Bank Lending Survey from the European Central Bank (ECB).

United States 2-Year Note Auction climbed from previous 4.314% to 4.365%

The Canadian Dollar (CAD) is mostly steady on Tuesday as broad-market sentiment dictates the flow of CAD pairs as Loonie traders buckle down ahead of the Bank of Canada’s (BoC) latest rate call and subsequent press conference.

Gains in stock markets have slowed as traders turn their eye to the resumption of big-name earnings in the US, says Chris Beauchamp, Chief Market Analyst at online trading platform IG.

United States 52-Week Bill Auction dipped from previous 4.595% to 4.57%

In Tuesday's trading session, the EUR/GBP stabilised at 0.8555 after hitting its lowest level since September lows around 0.8545.