FJD/USD Exchange rate

AUD/USD remains on the back foot, hovering around the 0.6680 region ahead of the opening bell in Asia. The pair’s daily retracement comes on the back of the persistent move higher in the US Dollar ahead of Wednesday’s key US data releases.

EUR/USD rapidly left behind Monday’s optimism, slipping back to the mid-1.1600s amid the intense recovery in the Greenback. US inflation data remained well above the Fed’s target in December, although consumer prices lost some momentum, reinforcing the view of further Fed rate cuts in the upcoming months.

Gold gives back early gains on Tuesday after printing fresh record highs above $4,630 per ounce, easing back below the $4,600 mark amid humble losses for the day. The pullback comes amid the stronmger Greenback and despite US Treasury yields heading south.

Ethereum (ETH) has been seeing mild renewed buying activity since the beginning of the week. After recording steady inflows throughout last week, ETH Exchange Netflow has flipped to over 100K ETH in outflows this week.

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.