Societe Generale’s Kit Juckes notes that the Japanese Yen is weaker as Prime Minister Takaichi signals apprehension about further rate hikes and China retaliates with export controls on Japanese firms.
The Indian Rupee (INR) trades vulnerably against the US Dollar (USD) on Tuesday. The USD/INR pair holds onto Monday's gains near 91.10 despite the strong inflow of foreign funds into the Indian stock market.
Chris Turner at ING expects Sterling traders to focus on parliamentary testimony from four Bank of England policymakers and its implications for a possible March rate cut.
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $88.04 per troy ounce, down 0.98% from the $88.91 it cost on Monday.
Dow Jones futures maintain the position near 48,870 during European hours ahead of the US regular market open on Tuesday. S&P 500 and Nasdaq 100 futures remain steady near 6,850 and 24,780 at the time of writing.