The EUR/USD is falling on Tuesday, on its way to the lowest daily close in a month, clearly below 1.1300. The dollar remains strong ahead of the FOMC meeting and amid volatility and risk aversion across financial markets.
GBP/USD fell to its weakest level in three weeks below 1.3450 on Tuesday and seems to be having a difficult time staging a convincing rebound. Safe-haven flows continue to dominate the financial markets following the mixed data releases from the US.
A quick drop in US yields boosted XAU/USD that jumped from $1840 to $1853, reaching the highest level since November 19. It then pulled back all the way to $1840 and now is approaching the $1850 area again.