Richmond Federal Reserve Bank President Thomas Barkin said on Tuesday that upcoming rate decisions will need to be "finely tuned" given risks to both unemployment and inflation goals, per Reuters.

Annual inflation in Germany, as measured by the change in the Consumer Price Index (CPI), declined to 1.8% in December from 2.3% in November, the German statistics office Destatis reported on Tuesday.

Germany Consumer Price Index (YoY) declined to 1.8% in December from previous 2.3%

Germany Consumer Price Index (MoM) registered at 0%, below expectations (0.2%) in December

Germany Harmonized Index of Consumer Prices (MoM) registered at 0.2%, below expectations (0.4%) in December

Germany Harmonized Index of Consumer Prices (YoY) below forecasts (2.2%) in December: Actual (2%)

The Euro (EUR) holds firm against the Swiss Franc (CHF) on Tuesday as traders digest a heavy slate of Eurozone economic data. At the time of writing, EUR/CHF trades around 0.9289, snapping a two-day losing streak.

EUR/USD has given away previous gains on Tuesday and is trading at 1.1710, after rejection at 1.1740.

The New Zealand Dollar’s rebound from the 0.5740 area on Monday has failed to find follow-through above the 0.5800 level during Tuesday’s European session, and the pair pulled back to the 0.5790 area, heading into the US session opening.The risk-on mood seen on Monday’s US trading session and Tuesda

Australian Dollar’s recovery has been capped at the 0.6740 area on Tuesday, and the pair retreated during the European session to trade at the 0.6715 area at the time of writing, practically flat on the daily chart.

Mexico Consumer Confidence up to 44.8 in December from previous 44

Mexico Consumer Confidence s.a up to 44.7 in December from previous 44.2

The Pound Sterling (GBP) gives back early gains against the US Dollar (USD) and drops to near 1.3520 during the European trading session on Tuesday. The GBP/USD pair falls back as the US Dollar recovers its early losses.

Gold (XAU/USD) consolidates on Tuesday after posting gains of more than 2.5% the previous day, driven by a surge in safe-haven demand following United States (US) attacks on Venezuela. At the time of writing, XAU/USD is trading around $4,460, down modestly from an intraday peak near $4,475.

EUR/GBP trades around 0.8660 on Tuesday at the time of writing, virtually unchanged on the day, as market participants adopt a cautious stance ahead of the release of preliminary inflation figures from Germany.

The USD/JPY pair trades marginally higher to near 156.50 during the European trading session on Tuesday.

OPEC+ producers confirmed plans to maintain current output until March, with minor deviations from Kazakhstan, Iraq, and Russia.

The safe haven US Dollar (USD) lost ground after an early firm start, tracking the broader risk-on mood, while Pound Sterling (GBP) outperformed G10 peers overnight, OCBC's FX analysts Sim Moh Siong and Christopher Wong note.

US Dollar (USD) is likely to trade in a range between 6.9720 and 6.9920. In the longer run, deeply oversold conditions and waning momentum suggest the downside potential could be limited to a test of 6.9590, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Political transition in Venezuela could revive its Oil sector and weigh on global Oil prices, though OPEC’s quota pause provides some support for Brent.

EUR/JPY trades around 183.10 on Tuesday at the time of writing, down 0.10% on the day, as the Euro (EUR) weakens modestly against the Japanese Yen (JPY) in an environment marked by a generally fragile market sentiment.

Outlook is mixed; US Dollar (USD) could trade in a choppy manner between 156.20 and 157.20. In the longer run, USD is likely to trade in a range between 155.60 and 157.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

US Dollar (USD) failed to hold yesterday’s gains and is back near the middle of the range in place since June 2025. There is no policy-relevant economic data due today, so markets should be quiet, BBH FX analysts report.

The Indian Rupee (INR) trades positively against the US Dollar (USD) on Tuesday after a three-day losing streak. The USD/INR pair corrects to near 90.35 as the US Dollar Index (DXY) falls back sharply after posting a fresh over-a-three-week low at 98.86 on Monday.

A little over 48 hours after the US military operation in Venezuela, there are few marks left in the currency market.

New Zealand Dollar (NZD) is likely to trade in a range between 0.5760 and 0.5800. In the longer run, pullback in NZD has scope to extend, but any further decline is expected to face strong support at 0.5720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The Canadian Dollar (CAD) is the weakest G10 currency as markets factor in potential Venezuelan Oil supply and uncertainty around USMCA renegotiations, ING's FX analyst Francesco Pesole notes.

Gold surged above $4,455/oz and Silver topped $77/oz as geopolitical risk in Venezuela and macro uncertainty drove safe-haven demand.

The increase in upward momentum is likely to lead to Australian Dollar (AUD) trading in a higher range of 0.6685/0.6730 rather than a sustained advance.

Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $77.98 per troy ounce, up 2.33% from the $76.20 it cost on Monday.