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EUR/USD trades with losses on Tuesday even though the latest inflation in the United States was benign, hinting that the Federal Reserve could indeed reduce interest rates as priced in by the financial markets. At the time of writing, the pair trades at 1.1642, down by over 0.20%.Euro weakens despite benign US inflation, as firm jobs data and Fed rhetoric boost the DollarThe Greenback recovered some ground after the December Consumer Price Index (CPI) in the US was mostly aligned with estimates, with underlying inflation ticking a tenth lower on the annual print. This would justify rate cuts by the…

Fed’s Musalem (St Louis) said the US economy is likely to grow at or above its potential in 2026, helped by fiscal support and the lagged effects of earlier rate cuts. He noted that inflation remains closer to 3% than 2% but is expected to ease over the year, arguing that policy is now around neutral and well positioned to respond in either direction as the labour market continues to cool in an orderly way.I expect the economy to grow at or above potential in 2026.Inflation is closer to 3% than 2%, but we anticipate it will ebb this year;…

The AUD/JPY pair trades 0.3% higher to near 106.46 during the European trading session on Tuesday. The pair jumps higher as the Japanese Yen (JPY) underperforms its peers amid uncertainty surrounding Japan’s political outlook. Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the British Pound. USDEURGBPJPYCADAUDNZDCHFUSD-0.01%-0.06%0.46%0.00%0.16%0.04%0.09%EUR0.01%-0.04%0.48%0.02%0.17%0.05%0.10%GBP0.06%0.04%0.49%0.07%0.22%0.09%0.14%JPY-0.46%-0.48%-0.49%-0.44%-0.28%-0.42%-0.36%CAD-0.01%-0.02%-0.07%0.44%0.15%0.02%0.07%AUD-0.16%-0.17%-0.22%0.28%-0.15%-0.12%-0.07%NZD-0.04%-0.05%-0.09%0.42%-0.02%0.12%0.05%CHF-0.09%-0.10%-0.14%0.36%-0.07%0.07%-0.05% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick…

The rupee declined 4 paise to close at 90.21 (provisional) against the US dollar on Tuesday, weighed down by higher crude oil prices, a firm American currency and incessant outflow of foreign funds. Analysts said geopolitical tensions and weak equity markets also put pressure on the Indian currency. At the interbank foreign exchange, the rupee opened at 90.24 and touched the intra-day low of 90.30 against the greenback. The currency ended the session at 90.21 (provisional) against the dollar, down 4 paise from its previous close. On Monday, the rupee ended 1 paisa higher at 90.17 against the US dollar.…

The Indian rupee ‍closed modestly weaker on Tuesday, weighed down by a fall in local stocks and regional ⁠currencies, while likely intervention by the central bank limited the currency’s decline.The rupee settled at 90.19 per dollar, marginally weaker than its close at 90.1625 in the ‌previous session.Asian ‌currencies slipped between 0.1% to 0.8% while India’s benchmark equity indexes, the BSE Sensex and ‌Nifty 50 declined 0.2% and 0.3% respectively, lagging most regional peers.The deferral of Indian bonds’ inclusion in a flagship global index also singed the rupee, but the multi-front pressure was blunted by dollar-selling intervention by the Reserve Bank…

The US Dollar Index outlook remains range-bound after a decline triggered by concerns about Fed independence. Markets await the release of US CPI data, which could influence the Fed’s monetary policy expectations. Technically, the index consolidates, but the overall trend remains constructive in the short term. The US Dollar Index is moving in a tight range as investors eye the December Consumer Price Index, remaining reluctant to take big positions before the inflation report. The index is hovering around the 99.00 mark after having its worst day in three weeks. This indicates a balance between slowing inflation and political uncertainty.…

West Texas Intermediate (WTI) Oil price extends its gains for the fourth successive session, trading around $59.70 per barrel during the European hours on Tuesday. WTI price climbs to six-week highs amid supply concerns after US President Donald Trump announced new tariffs targeting Iran’s trading partners.President Trump said on Monday that he would impose 25% tariffs on goods from any country doing business with Iran, stepping up pressure on Tehran amid widespread domestic protests. He added that the measure would take effect immediately, without providing further details.Iran, one of the Organization of the Petroleum Exporting Countries’ (OPEC) largest producers, is…

The rupee weakened by 5 paise to 90.22 against the US dollar in early trade on Tuesday, amid a strengthening American currency, higher crude oil prices and incessant outflow of foreign funds. An unprecedented geopolitical concern and global trade uncertainties have accelerated the dollar demand worldwide, adding strength to the greenback and putting pressure on the Indian currency, analysts said. At the interbank foreign exchange, the rupee opened at 90.24 and gained slightly to trade at 90.22 against the greenback in early deals, registering a loss of 5 paise from its previous closing level. On Monday, the rupee ended 1…

NZD/USD gains ground for the second successive session, trading around 0.5780 during the Asian hours on Tuesday. The pair rises as the New Zealand Dollar (NZD) gains support after domestic Business Confidence climbed to 48% quarter-over-quarter in the fourth quarter (Q4) of 2025, its highest level since March 2014, up from 18% in the third quarter, according to the New Zealand Institute of Economic Research’s (NZIER) Quarterly Survey of Business Opinion.Christina Leung, principal economist at NZIER, said the survey shows lower interest rates are finally feeding through to the economy and the recovery is gaining traction. Leung added that the…

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.Key quotesRaises concerns over weak yen with Washington.One-sided FX moves unacceptable.Confirms bilateral meeting with US Treasury’s BessentYen strengthens following verbal intervention.Officials signal tolerance for weakness is limited.Market reactionAs of writing, the USD/JPY pair is up 0.05% on the day at 157.96. Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but…