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USD/CAD gains ground above 1.4050 amid US Dollar strength, lower crude oil prices
The USD/CAD pair gains ground to near 1.4070 during the Asian trading hours on Tuesday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) as traders dial back bets for further Federal Reserve (Fed) rate cuts.

AUD/JPY faces selling pressure as RBA keeps interest rates steady at 3.6%, as expected
The AUD/JPY pair slumps to near 100.40 during the Asian trading session on Tuesday as the Reserve Bank of Australia (RBA) has held its Official Cash Rate (OCR) steady at 3.6%. This is the second straight meeting when the RBA has maintained a status quo.

EUR/USD falls to near 1.1500 despite cautious ECB policy outlook
EUR/USD extends its losing streak for the fifth successive session, trading around 1.1510 during the Asian hours on Tuesday. The pair depreciates as the US Dollar (USD) gains support amid cautious sentiment over the US Federal Reserve (Fed) policy stance for December.

Japanese Yen struggles amid BoJ uncertainty; USD/JPY refreshes multi-month top on firmer USD
The Japanese Yen (JPY) remains on the back foot against a broadly firmer US Dollar (USD) and climbs to its highest level since February 12 during the Asian session on Tuesday.

Australian Dollar loses ground ahead of RBA policy decision
Australian Dollar (AUD) declines against the US Dollar (USD) on Tuesday, continuing its losing streak for the fifth successive session. The AUD/USD pair remains subdued ahead of the November interest rate decision by the Reserve Bank of Australia (RBA) due later in the day.

PBOC sets USD/CNY reference rate at 7.0885 vs. 7.0867 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.0885 compared to the previous day's fix of 7.0867 and 7.1226 Reuters estimate.

NZD/USD extends the decline below 0.5700 on downbeat Chinese PMI data, Fed's hawkish remarks
The NZD/USD pair attracts some sellers to around 0.5695 during the early Asian session on Tuesday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) as the latest data showed the Chinese manufacturing sector weakening last month.

GBP/USD takes a break from sustained losses near 1.3150
GBP/USD has managed to keep pumping the brakes at the outset of another trading week, finding enough friction to hold off on further declines as price action toys with the 1.3150 level.

USD/JPY strengthens above 154.00 on Fed's hawkish tone
The USD/JPY pair gathers strength to near 154.20 during the early Asian session on Tuesday. The US Dollar (USD) edges higher against the Japanese Yen (JPY) on the likelihood that the US Federal Reserve (Fed) might hold its interest rate in December.

RBA set to hold interest rate as inflation tops target, labor market remains tight
The Reserve Bank of Australia (RBA) is widely expected to maintain the Official Cash Rate (OCR) at 3.6% after its November monetary policy meeting on Tuesday. The decision will be announced at 03:30 GMT.

Canadian Dollar faces fresh weakness as Loonie falters further
The Canadian Dollar (USD) caught an extended bout of market weakness on Monday, sinking for a third straight trading day against the US Dollar (USD) and falling back into recent lows, driving the USD/CAD pair back into the 1.4050 region.

Fed's Cook: Policy still positioned to lower inflation pressures
Federal Reserve Governor Lisa Cook spoke about the economic outlook and monetary policy at the Brookings Institution in Washington, DC, on Monday.

FX Today: The RBA is expected to keep rates unchanged
The US Dollar (USD) extended its march north, retesting new three-month highs as investors continued to assess the post-FOMC scenario and the likelihood that the Federal Reserve might hold its hand in December.

USD/JPY trades flat near multi-month highs, Greenback loses steam post-ISM
The Japanese Yen (JPY) treads water against the US Dollar (USD) on Monday amid subdued volatility, with Japanese markets closed for a public holiday.

Dow Jones Industrial Average misses out on Mag 7 gains
The Dow Jones Industrial Average (DJIA) faced fresh declines on Monday, kicking off the new trading week with a 200-point decline. The Dow briefly tested below the 47,250 level for the first time in over a week, as 'Magnificent 7' concentrated investment gains lift other indexes.

USD/CHF hits three-week high on inflation miss, US Dollar strength
USD/CHF edges higher on Monday, trading around 0.8070 at the time of writing, up 0.35% on the day after hitting a three-week high earlier. The Swiss Franc's (CHF) weakness, following softer consumer inflation figures, is providing additional support for the US Dollar (USD) bullish momentum.

GBP/USD stabilizes as BoE rate decision looms amidst market caution
GBP/USD stabilizes around 1.3140 at the start of the week, virtually unchanged for the day. The Pound Sterling (GBP) trades cautiously ahead of Thursday's Bank of England (BoE) policy announcement, as markets assess the likelihood of a monetary easing move.

GBP/USD stabilizes as BoE rate decision looms amidst market caution
GBP/USD stabilizes around 1.3140 at the start of the week, virtually unchanged for the day. The Pound Sterling (GBP) trades cautiously ahead of Thursday's Bank of England (BoE) policy announcement, as markets assess the likelihood of a monetary easing move.

Fed's Daly:Still have inflation above target, need to get it down.
Federal Reserve Bank of San Francisco President Mary Daly participated in a moderated discussion at the Forum Club of the Palm Beaches in Florida on Monday, in which she remarked that she supported the rate cut and that the Labor market has softened quite a bit.

EUR/USD holds near three-month lows despite weaker US manufacturing data
The Euro (EUR) trades on the defensive against the US Dollar (USD) on Monday, as the Greenback held firm despite weaker-than-expected US manufacturing data.
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