The USD/CHF edges lower during the North American session down 0.20%, even though the Greenback post solid gains against most of its peers, except the Swiss Franc. At the time of writing, the pair trades at 0.7733, and tests key support at the 20-day Simple Moving Average (SMA) at 0.7723.
Australia will release its key set of inflation figures for the month of January on Wednesday, with the Consumer Price Index (CPI) expected to rise by 3.7%, slightly lower than the 3.8% in the last month of 2025.
DBS Group Research economist Radhika Rao notes that India’s markets reacted with cautious optimism after a US court ruling against tariffs, with the Indian Rupee posting a modest relief rally from near the 91-per-Dollar level.
BNY’s Head of Markets Macro Strategy Bob Savage notes that the People’s Bank of China kept its 1-year and 5-year LPR unchanged at 3% and 3.5%, balancing growth support and currency stability. Despite weak GDP and persistent deflationary pressures, authorities are focusing on services consumption.
Gold price retreats from three-week high of $5,249 on Tuesday as the Greenback pares some of Monday’s losses on uncertainty about trade policies and hawkish comments by some Federal Reserve (Fed) officials. At the time of writing, XAU/USD trades at $5,160, down 1.24%.