Trading news

Japan’s Finance Minister Satsuki Katayama said on Tuesday that the official has a free hand in dealing with excessive moves in the Japanese Yen (JPY).

West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on the move up witnessed over the past two days and oscillate in a narrow band during the Asian session on Tuesday. The commodity is currently placed just below the $58.00 mark or over a one-week top, touched the previous day.

The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Tuesday, following the release of the Reserve Bank of Australia (RBA) Minutes of its December monetary policy meeting.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 7.0523 compared to the previous day's fix of 7.0572 and 7.0267 Reuters estimate.

The NZD/USD pair attracts some follow-through buyers for the second straight day and climbs to a one-week high during the Asian session on Tuesday. Spot prices now look to build on the positive momentum beyond the 0.5800 mark amid renewed US Dollar (USD) selling bias.

The NZD/USD pair gains ground to near 0.5805 during the early Asian trading hours on Tuesday. The New Zealand Dollar (NZD) edges higher against the Greenback amid the Reserve Bank of New Zealand's (RBNZ) hawkish outlook on the future policy path.

GBP/USD found room on the high side on Monday, kicking off a holiday-shortened trading week with a fresh spat of Greenback weakness, bolstering the Pound Sterling (GBP) into its highest bids in ten weeks.

US President Donald Trump said on Monday the United States (US) would maybe keep and maybe sell the oil it had seized off the coast of Venezuela in recent weeks, Reuters reported on Monday.

AUD/USD drove higher on Monday, climbing back into the 0.6660 region following an extended near-term decline. The Australian Dollar (AUD) took a lifeline thrown by broad-market Greenback flows that see the safe-haven US Dollar (USD) on the retreat heading into the holiday shutdown.

The USD/JPY pair attracts some sellers to around 157.00 during the early Asian session on Tuesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) after Japanese officials warned against "one-sided and sharp" currency moves, raising fears of intervention. 

EUR/USD edges higher during the North American session, up 0.42% amid growing speculation that the Federal Reserve would continue easing policy, amid a scarce economic docket in both sides of the Atlantic. The pair trades at 1.1757 after bouncing off daily lows of 1.1706.

The Reserve Bank of Australia (RBA) will publish its minutes of its monetary policy meeting on Tuesday at 00.30 GMT.

US Dollar Index (DXY) expectations for a dovish Federal Reserve (Fed) monetary policy path into 2026 weigh on sentiment. The US Dollar Index (DXY) trades around 98.30, retreating after climbing to a one-week high on Friday.

Gold (XAU/USD) rallies over 2% on Monday, reaching a record high of $4,442 amid rising geopolitical tensions and expectations that the Federal Reserve (Fed) will continue to reduce interest rates next year, pushing US Treasury yields lower.

The Canadian Dollar (CAD) edges higher against the US Dollar (USD) on Monday amid a softer Greenback. At the time of writing, the pair is trading around 1.3740, down about 0.4% on the day and holding close to September lows.

USD/CHF trades lower and hovers around 0.7930 on Monday at the time of writing, down 0.40% on the day.

United States 2-Year Note Auction up to 3.499% from previous 3.489%

Member of the Executive Board of the European Central Bank (ECB), Isabel Schnabel, said that the interest rates will probably stay stable in the near future in the Faz Podcast on Monday.

The Dow Jones Industrial Average (DJIA) gained ground on Monday, heading into the Christmas holiday schedule on the front foot as equity markets tilt into the bullish side to wrap up the trading year.

GBP/JPY trades around 211.10 on Monday at the time of writing, up 0.10% on the day, in a context of reduced liquidity linked to public holidays across several financial centers.