The Swiss Franc (CHF) declines further against the US Dollar (USD) on Tuesday, with USD/CHF extending gains for the fifth consecutive day amid broad-based Greenback strength.

EUR/USD broke below the 1.1500 psychological level, following a mild recovery attempt earlier on the day, which was rejected at 1.1530. The pair has depreciated about 1.5% over the last five trading days, with the US Dollar (USD) drawing support from Fed hawkishness and a dismal market mood.

Gold (XAU/USD) holds its ground within familiar ranges on Tuesday, recovering modestly from earlier declines after finding support near the $3,970 zone.

Silver (XAG/USD) declines on Tuesday to around $47.70 per ounce, down 1.10% on the day, after attempting to extend its recent rally beyond the $49.50 level.

The US Dollar rallies for the fourth consecutive ¡day against its Canadian counterpart on Tuesday.

Mexico Consumer Confidence: 45.7 (October) vs previous 46.1

Mexico Consumer Confidence s.a fell from previous 46.5 to 46.1 in October

Brazil Industrial Output (YoY) rose from previous -0.7% to 2% in September

Brazil Industrial Output (MoM): -0.4% (September) vs previous 0.8%

The Pound Sterling (GBP) underperforms its major currency peers, except antipodeans, on Tuesday.

The AUD/USD pair revisits the 10-day low, slightly below 0.6500, during the European trading session on Tuesday.

The US Dollar bears gained the upper hand on Tuesday, after failing to break above the 154.45 resistance area, pulled the pair lower during the European trading session, to test support at the 153.25 area, where bulls were capped on October 9 and 27.

AUD/USD fell almost 1% despite the RBA holding rates at 3.60%, as risk-off sentiment outweighed the central bank’s hawkish pause and neutral policy guidance, BBH FX analysts report.

Slight increase in upward momentum is likely to lead to a higher trading range of 7.1220/7.1340 rather than a sustained advance.

The Indian Rupee (INR) surrenders almost all of its gains against the US Dollar (USD) during closing trading hours in India on Tuesday. The USD/INR pair claws back its early losses and is marginally down near 88.80.

The RBA kept the cash rate unchanged at 3.60% at its 4 November meeting. Governor Bullock was unenthusiastic about further policy easing amid prevailing economic uncertainty.

USD/JPY touched an eight-month high near 154.50 before easing lower, as Finance Minister Katayama warned on rapid yen moves, though the BOJ’s dovish stance limits meaningful support, BBH FX analysts report.

Swiss National Bank’s (SNB) Chairman Martin Schlegel expressed confidence that inflationary pressures in the economy would accelerate in the coming quarters.

New Zealand Dollar (NZD) remains under mild downward pressure and could test 0.5670 next, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

GBP/USD sank to April lows as Chancellor Reeves signaled upcoming tax increases, potentially paving the way for more Bank of England easing after the November 26 budget, BBH FX analysts report.

Australian Dollar (AUD) is likely to trade in a range between 0.6505 and 0.6610, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The BBDXY index (broad US Dollar Index) is trading just under two key resistance levels at 1224.64 (August 1 high) and 1228.38 (200-day moving average). The bond market is stable but global stocks are selling off.

NZD/USD weakens on Tuesday, trading around 0.5660 at the time of writing, down 0.80% for the day and reaching its lowest level in seven months earlier.

Spain 6-Month Letras Auction: 1.944% vs 1.937%

Spain 12-Month Letras Auction dipped from previous 2.006% to 1.99%

US Dollar (USD) continued to drift higher, taking cues from a divisive Fed, OCBC's FX analysts Frances Cheung and Christopher Wong note. DXY last at 99.96 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Euro (EUR) may just have enough momentum to test 1.1490 before the risk of a recovery increases. In the longer run, the next level to watch is at 1.1490, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Japanese Yen (JPY) came under pressure this morning after PM Takaichi said she will put a growth strategy for the economy by next Summer. USD/JPY last seen at 154.53 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

USD/KRW maintains bullish momentum above the 200-DMA, with the uptrend targeting 1445 and potential extension toward 1457 if support at 1417 holds, Société Générale's FX analysts note.

Turkish CPI eased marginally to 32.9% on year-on-year basis, but the underlying month-on-month rate of price change did not moderate convincingly at all, Commerzbank's FX analyst Tatha Ghose notes.