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US Dollar trades choppy as Russia-Ukraine concerns weigh on risk sentiment
The US Dollar (USD) is entering a choppy trading pattern on the back of headlines around Russian President Vladimir Putin having signed a decree that allows the use of nuclear weapons against a non-nuclear state if it is supported by nuclear powers.
Gold strengthens as Russia changes nuclear doctrine
Gold price (XAU/USD) extends its recovery for a second consecutive day, trading around $2,635 in European hours on Tuesday, as Ukraine has already launched US-made ATACMS ballistic missiles into Russia, according to reports from local media RBC citing a source from the Ukrainian Armed Forces.
ECB's Panetta: Still a long way from the neutral rate
European Central Bank (ECB) executive board member Fabio Panetta said on Tuesday that the central bank is "still a long way from the neutral rate." Additional comments If domestic demand remains weak, inflation could fall well below 2%.
BoE's Mann: Forward-looking price, wage indicators raise risk of inflation persistence.
Bank of England (BoE) policymaker Catherine Mann testifies on the November Monetary Policy Report (MPR) before the UK Parliament's Treasury Select Committee (TSC) on Tuesday.
HUF: How hawkish can the NBH be? - ING
Today's meeting of the National Bank of Hungary should be a non-event in terms of a rate decision.
BoE's Taylor: Disinflation is unfolding as we would expect
Bank of England (BoE) policymaker Alan Taylor testifies on the November Monetary Policy Report (MPR) before the UK Parliament's Treasury Select Committee (TSC) on Tuesday.
BoE's Lombardelli: I see risks to inflation on both sides
Bank of England (BoE) Deputy Governor for Monetary Policy Clare Lombardellitestifies on the November Monetary Policy Report (MPR) before the UK Parliament's Treasury Select Committee (TSC) on Tuesday.
Bailey speech: Services inflation is still above a level that's compatible with on-target inflation
Bank of England (BoE) Governor Andrew Bailey testifies on the November Monetary Policy Report (MPR) before the UK Parliament's Treasury Select Committee (TSC) on Tuesday.
Resolute words from the MNB? - Commerzbank
Since late October, the HUF has been on a rollercoaster ride in anticipation of the momentous days of early November (US election, FOMC).
CAD: October CPI figures will be important - ING
Canada releases inflation figures for October today. Expectations are for a rebound in headline CPI to 1.9% YoY while core measures are seen stabilising around 2.4%, ING's FX analyst Francesco Pesole notes.
RBA minutes reveal little new - Commerzbank
Last night, the Reserve Bank of Australia released the minutes of its latest meeting, which took place on the day of the US presidential election, Commerzbank's FX analyst Volkmar Baur notes.
EUR: Brief reprieve after some hawkish comments - ING
EUR/USD is enjoying a brief correction as some of the ECB hawks speculate over whether global fragmentation (i.e.
Trump to continue weighing on the Euro - Commerzbank
Over the course of the week, there will be few data releases from the euro zone, except for the purchasing managers' indices on Friday.
Kremlin: Use of Western missiles by Ukraine against Russia could lead to nuclear response
Speaking at a news briefing on Tuesday, Kremlin spokesperson Dmitry Peskov warned that the use of Western non-nuclear missiles by the Ukraine against the Russian Federation under the new doctrine could lead to a nuclear response.
EUR/USD faces pressure as ECB officials worry about Eurozone economic growth
EUR/USD struggles to extend Monday's recovery above the immediate resistance of 1.0600 and edges lower in Tuesday's European session.
USD/CNH: Unlikely to reach the strong support at 7.2000 - UOB Group
The US Dollar (USD) could weaken further; any decline is unlikely to reach the strong support at 7.2000.
USD: Some well deserved consolidation - ING
FX markets are seeing some well-deserved consolidation after a volatile few weeks.
USD/JPY: Pullback in USD can extend to 153.20 - UOB Group
The US Dollar (USD) could trade in a choppy manner, likely between 153.80 and 155.10.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data.
USD/SGD: Corrective pullback - OCBC
USD/SGD continued to trade lower, amid broad US Dollar (USD) pullback.
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