On Tuesday, the Greenback failed to manage its gains and declined to one-week low vs. the Japanese Yen, after reports that two former aides of U.S. President Donald Trump were charged by federal investigators probing Russian interference in the 2016 election.
On the economic calendar for Tuesday, traders are awaiting U.S. Consumer Confidence Index, which is expected to hit 121 from 119.8.
The Single currency fell as much as 0.11% vs. the U.S. dollar, to settle at $1.1637, as traders are awaiting reports on euro zone third quarter growth as well as inflation and unemployment later in the trading day.
Markets expect growth in the euro-zone to slightly to 0.5% from 0.6% in the second quarter.
The Sterling pound held steady, with GBP/USD at 1.3207 after rising 0.6% yesterday amid expectations that the Bank of England could hike interest rates for the first time in almost a decade.
The Greenback fell to one-week low vs. the JPY with USD/JPY at ¥113.26 as traders shifted to cautious following news that the U.S. President Donald Trump's former campaign manager was charged with money laundering in the federal probe into Russian meddling in the 2016 presidential election.
On the release front, markets are awaiting the Bank of Japan's monetary policy decision due the day. The decision is unlikely to have much impact on the yen as the BOJ is widely expected to keep intact a pledge to guide short-term interest rates at -0.1%
Earlier today, Gold prices held steady as the U.S. dollar fell slightly after two ex-Trump aides charged in Russia probe. Gold Futures - Dec 17 fell as much as 0.1%, to settle at $1,277.62.
Oil prices failed to manage its gains as investors took profits following days of gains and as the prospect of increasing U.S. exports reduced overall upward sentiment that has pushed Brent above $60 per barrel. Crude Oil WTI Futures - Dec 17, fell as much as 0.24%, to settle at $54.02 and Brent Oil Futures - Jan 18 was at 60.32 down by 0.45%
Economic Calendar (all times in GMT)
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