The U.S. dollar has strengthened against major peers on Tuesday, while the euro fell following slower-than-expected inflation in Europe. Market movements were relatively subdued as investors focused on upcoming U.S. economic data.
The impact of the weekend’s U.S. capture of Venezuelan President Nicolas Maduro was short-lived, with currencies largely unaffected. Amo Sahota, director at Klarity FX, said there was no risk-off sentiment, noting the situation remained isolated.
The dollar rose 0.49% to 0.795 against the Swiss franc and 0.14% to 156.6 against the Japanese yen. Sahota highlighted that attention is on the U.S. labour market, with ADP and job openings reports due this week, followed by the main jobs report on Friday.
Markets are also digesting comments from Federal Reserve officials on interest rates. Richmond Fed President Tom Barkin said any rate changes must be “finely tuned” to incoming data, while Minneapolis Fed president Neel Kashkari warned of potential upward pressure on unemployment.
The euro weakened to $1.169 as inflation slowed more than expected in Germany and France, pushing European government bond yields down around three basis points. The pound also fell, last trading at $1.3504.
The U.S. dollar index rose 0.19% to 98.57. The Australian dollar hit a one-year high at $0.6739, while the offshore Chinese yuan remained stable at 6.981, and the New Zealand dollar eased 0.1% to $0.5782.
Investors remain focused on the outlook for U.S. monetary policy and future European inflation trends.
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Storm Chandra brought severe flooding and widespread disruption to parts of Ireland and Northern Ireland on Tuesday, as strong winds and heavy rain swept across the island.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
The European Parliament has delayed until next week a decision on whether to resume work on the EU–U.S. trade deal.
U.S. President Donald Trump has warned that Washington would withdraw its support for Iraq if former prime minister Nouri al-Maliki is returned to power, citing concerns over governance, stability and regional influence.
Iran’s Foreign Ministry has strongly rejected a U.S. magazine report on the death toll during January unrest. Nationwide protests erupted in response to soaring inflation and a national currency crisis.
The death toll from nationwide protests in Iran has climbed to 6,126, according to the U.S.-based Human Rights Activists News Agency (HRANA).
Serbian President Aleksandar Vučić, often viewed as a bellwether for the complex diplomatic currents between the Kremlin and the West, has issued a startling prediction regarding the endgame of the war in Ukraine.
The strategic axis between Israel and Azerbaijan has been significantly reinforced this week as President Ilham Aliyev received Israeli Foreign Minister Gideon Sa'ar in Baku.
NATO Secretary General Mark Rutte said on Monday that Europe is "incapable" of defending itself alone without the United States, dismissing calls for a separate European defence force and stressing that transatlantic cooperation remains essential for the continent’s security.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the world’s largest producing assets, after Baghdad nationalised the field earlier this month following U.S. sanctions imposed on Russia’s Lukoil.
Argentina's economic activity shrunk 0.3% in November compared with the same month last year, marking the first monthly contraction of 2025, data from Argentina's national statistics agency showed on Wednesday.
Wall Street closed sharply lower on Tuesday as global markets fell after U.S. President Donald Trump’s new tariff threats against Europe unsettled investors and revived fears of renewed volatility.
Global markets are rattled after U.S. President Donald Trump threatened new tariffs on eight European countries over Greenland, sending the euro to a seven-week low and raising concerns about renewed transatlantic trade tensions.
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