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JPY: China-Japan rift threatens tourism and trade - Commerzbank
It all started when Chinese President Xi Jinping, contrary to custom, did not congratulate Sanae Takaichi on her election as Prime Minister of Japan, Commerzbank's FX analyst Volkmar Baur notes.

EUR/USD trims losses amid US Dollar's weakness in risk-off markets
EUR/USD recovers some of the last two days' losses, trading around 1.1600 at the time of writing on Tuesday after hitting lows at 1.1585.

JPY: Missing out on equity sell-off - ING
The equity sell-off would generally set the perfect ground for a recovery in the oversold yen, but idiosyncratic factors continue to keep USD/JPY bid, ING's FX analyst Francesco Pesole notes.

US tariff rollback sparks global USD concerns - Commerzbank
The US government is gradually rolling back its punitive tariffs. The realization that they do more harm than good came late, but it came nonetheless. Does this mean that economic reason will prevail in the end? One can only hope so.

EUR: Asymmetrical upside risks ahead - ING
EUR/USD is holding near the 1.160 handle ahead of key US data, with the euro's liquidity helping it avoid a sharp hit from the equity sell-off. So far, losses in G10 FX have been mostly confined to high-beta currencies, notably AUD and NZD, ING's FX analyst Francesco Pesole notes.

Pound Sterling trades with caution as markets await UK inflation data
The Pound Sterling (GBP) trades subdued against its major currency peers, except antipodeans, on Tuesday as investors turn cautious ahead of the United Kingdom (UK) Consumer Price Index (CPI) data for October, which will be released on Wednesday.

USD/CAD Price Forecast: Hovers around 1.4050 near nine-day EMA support
USD/CAD remains stable after registering modest gains in the previous session, trading around 1.4050 during the European hours on Tuesday. The daily chart's technical setup reflects a persisting bullish bias, with the pair continuing to trade within its ascending channel.

BoJ's Ueda: Will decide monetary policy while scrutinizing various data
Following his meeting with Japan's Prime Minister (PM) Sanae Takaichi, Bank of Japan (BoJ) Governor Kazuo Ueda said he talked about the economy and monetary policy with Takaichi.

NZD/USD weakens to near 0.5650 on RBNZ rate cut bets
The NZD/USD pair trades with mild losses around 0.5655 during the early European session on Tuesday. An imminent rate cut from the Reserve Bank of New Zealand (RBNZ) weighs on the New Zealand Dollar (NZD) against the Greenback.

Forex Today: Market mood sours as investors reassess Fed rate outlook
Here is what you need to know on Tuesday, November 18:

EUR/GBP trades flat near 0.8800 amid BoE rate cut speculation
The EUR/GBP cross flat lines near 0.8810 during the early European session on Tuesday. Nonetheless, recent weak UK Gross Domestic Product (GDP) data has pressured the Bank of England (BoE) to potentially cut rates, which might drag the Pound Sterling (GBP) lower against the Euro (EUR).

USD/CHF falls to near 0.7950 due to US-Swiss tariff deal, SNB steady
USD/CHF retraces its recent gains registered in the previous session, trading around 0.7950 during the Asian hours on Tuesday.

EUR/USD Price Forecast: Holds retracement near 1.1600 from immediate highs
The EUR/USD pair trades calmly near 1.1600 during the late Asian trading session on Tuesday, following the corrective move from an over two-week high of 1.1656.

USD/INR opens flat despite improving US-India trade deal hopes
The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Tuesday.

AUD/JPY recovers few pips from one-week low, finds support ahead of 100.00 mark
The AUD/JPY cross attracts sellers for the second consecutive day on Tuesday and retreats further from a one-year peak, around the 101.80 region, touched last week.

EUR/JPY Price Forecast: Key upside barrier emerges near 180.00
The EUR/JPY cross declines to near 179.70 during the early European session on Tuesday. The cross retreats after reaching new record highs in the previous session. However, the potential downside for the cross might be limited amid the ongoing weakening of the Japanese Yen (JPY).

GBP/USD remains subdued around 1.3150 as UK Chancellor Reeves abandons tax rises
GBP/USD remains subdued for the third successive session, trading around 1.3150 during the Asian hours on Tuesday. The pair struggles as the Pound Sterling (GBP) comes under strain after the United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves abandoned planned income-tax rises.

US Dollar Index flat lines near 99.50 as traders await delayed US NFP data
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a flat note around 99.55 during the Asian session on Tuesday. The DXY steadies as traders brace for the long-awaited return of US economic data.

USD/CAD flat lines around mid-1.4000s; downside potential seems limited
The USD/CAD pair struggles to capitalize on the previous day's positive move to a one-and-a-half-week high and oscillates in a narrow range during the Asian session on Tuesday.

Japanese Yen refreshes nine-month low against USD amid BoJ rate hike doubts
The Japanese Yen (JPY) continues with its relative underperformance through the Asian session on Tuesday and drops to a fresh low since early February against a firmer US Dollar (USD).
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