China NBS Manufacturing PMI meets expectations (50.3) in November

EUR/USD comes under renewed pressure on turnaround Tuesday, giving back part of its post-CPI bounce and easing toward the 1.1650 area as US markets draw to a close. In the background, the US Dollar is edging higher as markets continue to digest December’s inflation data and gear up for Wednesday’s Retail Sales and Producer Prices.

GBP/USD trades on the back foot at the end of the NA session on Tuesday, hovering around the 1.3430 zone against the backdrop of the resumption of the buying interest in the Greenback. Moving forward, the BoE’s Taylor and Ramsden are due to speak on Wednesday.

Gold shrugs off early gains to fresh record highs above $4,630 per ounce on Tuesday, and returns to the vicinity of the $4,600 region amid further improvement in the US Dollar and declining US Treasury yields following the release of US CPI data.

The segment of privacy coins outperforms the broader cryptocurrency market, with a roughly 290% rise in 2025. The rising user count on the cryptocurrency tumbler Tornado Cash amid regulatory pushes, such as the 2025 GENIUS Act, reflects a surge in demand for privacy.

News broke on Sunday night that the Federal Reserve received grand jury subpoenas from the Department of Justice on Friday, escalating the Trump administration's pressure on the nation's central bank. 

Ripple (XRP) is trading sideways above support at $2.00 at the time of writing on Tuesday. Recovery has remained elusive despite steady inflows into spot Exchange Traded Funds (ETFs), which have cumulatively attracted $1.23 billion.