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.

In Tuesday's session, the AUD/JPY pair traded mildly higher, hitting a daily high at 96.83 and then stabilizing at 96.40.

The US crude oil benchmark, also known as West Texas Intermediate or WTI, rises some 0.87% on the day as the Greenback weakens, despite Fed officials pushing back against rate cut expectations.

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.

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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.

Argentina Industrial Output n.s.a (YoY) dipped from previous -4.9% to -12.8% in December

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.

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.

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.