INR: Trade deal boosts performance – BBH

According to Brown Brothers Harriman (BBH) analysts, the Indian Rupee (INR) has outperformed following a trade deal between the US and India. The agreement includes significant tariff reductions and is expected to alleviate pressure on the INR.

Dow Jones Industrial Average mixed as software selloff deepens, US House approves temporary budget

The Dow Jones Industrial Average (DJIA) traded in mixed territory on Tuesday, dipping around 166 points, or 0.3%, after briefly touching a new intraday record of 49,653.13 earlier in the session. The S&P 500 fell 0.8% as investors dumped technology stocks, while the Nasdaq Composite shed 1.4%.

Canadian Dollar crimps two-day losing streak on Tuesday

• The Canadian Dollar found fresh footing on Tuesday, keeping USD/CAD bids below 1.3700.

USD/KRW: Market sensitivity to tightening risks – Societe Generale

The January BoK MPC minutes reveal a shift towards a more hawkish stance, indicating increased market sensitivity to potential tightening. Despite mixed signals, including a lower USD/KRW and rising property prices, the current data does not decisively sway the Committee's views.

Forex Today: RBA strikes hawkish tone while US shutdown delays jobs data

The Reserve Bank of Australia (RBA) raised its interest rate by 25 basis points to 3.85%, aligning with market expectations. The RBA's hawkish tone indicates that inflation pressures are likely to persist, suggesting further policy tightening may be on the horizon.