Private sector employment expanded over the latest month, with companies adding an average of 4,750 jobs per week in the four weeks ending November 15, according to data released Tuesday by Automatic Data Processing (ADP).

United States ADP Employment Change 4-week average climbed from previous -13.5K to 4.75K in November 22

The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the United States (US) Bureau of Labor Statistics (BLS).

EUR/USD has turned negative on the daily chart after failing to return above 1.1650 and is trading at 1.1635 at the time of writing.

AUD/USD trades around 0.6640 on Tuesday, up 0.20% on the day at the time of writing.

The US Dollar nudges lower against the Swiss Franc on Tuesday, but is holding most of the gains taken over the last few days.

Gold (XAU/USD) holds its footing on Tuesday, extending the sideways pattern that has dominated trade for a little over a week as investors stay on the sidelines ahead of the Federal Reserve’s (Fed) interest rate decision on Wednesday.

Mexico 12-Month Inflation above expectations (3.69%) in November: Actual (3.8%)

Mexico Core Inflation registered at 0.19% above expectations (0.1%) in November

Mexico Headline Inflation came in at 0.66%, above forecasts (0.56%) in November

The Pound Sterling (GBP) continues to trade in a tight range above 1.3300 against the US Dollar (USD) during the European session on Tuesday. The GBP/USD pair trades sideways as investors await the Federal Reserve’s (Fed) monetary policy announcement on Wednesday.

The US Dollar remains pinned near two-month lows at the 1.3800 area, with upside attempts so far limited to below 1.3860. The pair has lost about 2% since late November as investors began pricing in a Fed interest rate cut at this week's Federal Reserve meeting.

United States (US) President Donald Trump criticizes Federal Reserve (Fed) Chair Jerome Powell, in an interview with Politico during the European trading session on Tuesday, for not reducing interest rates, calling him "not a smart person".

The Indian Rupee (INR) bounces back against the US Dollar (USD) on Tuesday. The USD/INR pair falls to near 90.15 amid a slowdown in the pace of foreign outflow from the Indian stock market.

The Japanese Yen (JPY) is lagging as markets price in a 25bps BOJ hike on December 19, with Governor Ueda signaling moderate inflation risk but persistent upward wage pressures; USD/JPY may slide toward 140 following US-Japan yield differentials, BBH FX analysts report.

United States NFIB Business Optimism Index above expectations (98.4) in November: Actual (99)

The Reserve Bank of Australia (RBA) kept its cash rate steady at 3.60%, emphasizing an end to easing and hinting at the potential for a future hike, while AUD/USD rebounded toward 0.6650 with resistance near 0.6700 awaiting direction from tomorrow’s Fed decision, BBH FX analysts report.

The US Dollar (USD) remains under pressure as Treasury yields ease and US equity futures tread water, with today’s ADP and October JOLTS reports providing a crucial read on labor demand ahead of the upcoming Fed meeting, BBH FX analysts report.

EUR/JPY trades below 182.00 on Tuesday after setting a new multi-year high at 182.15 earlier in the day, still posting a 0.25% gain at the time of writing.

The Reserve Bank of Australia (RBA) kept its cash rate at 3.6%, with Governor Bullock ruling out near-term cuts, prompting the Australian Dollar (AUD) to recover after initial weakness and fueling market speculation of a possible rate hike by June, Commerzbank's FX analyst Volkmar Baur notes.

Gold (XAU/USD) keeps trading in a choppy and volatile manner, moving roughly within a $40 range, both sides of the $4,200 line on Tuesday.

US Dollar (USD) is likely to trade between 7.0620 and 7.0740. In the longer run, outlook for USD remains negative; the next level to watch is 7.0400, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/JPY drifted higher amid rising U.S. yields and earthquake news in northeast Japan, with markets pricing in a 90% chance of a BoJ 25bp hike next Friday, while near-term trends remain USD-supportive. Pair was last seen at 156.16 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

US Dollar (USD) could edge higher, but momentum does not appear to be strong enough to break clearly above 156.20. In the longer run, for a sustained decline, USD must first close below 154.65.

Spain 3-Month Letras Auction: 1.974% vs 1.908%

The US Dollar (USD) edged higher as markets scaled back expectations for Fed cuts in 2026, with the Dollar Index (DXY) hovering near 99, while investors await a busy week of US labor and trade data, OCBC's FX analysts Frances Cheung and Christopher Wong note.

The price action continues to suggest a higher New Zealand Dollar (NZD); the levels to watch are 0.5800 and 0.5835, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Greece Consumer Price Index - Harmonized (YoY) rose from previous 1.6% to 2.8% in November

Greece Consumer Price Index (YoY): 2.4% (November) vs 2%

The comments from the ECB's Isabel Schnabel yesterday rippled through interest rate markets around the world. Traders were naturally reassessing that if the next move in ECB rates is up, why is the market pricing in a further 90bp of Fed easing?