Fundamental

GBP/USD benefits from the broad-based selling pressure surrounding the US Dollar (USD) and trades at its highest level in over two months above 1.3630.

EUR/USD preserves its bullish momentum after closing in positive territory on Monday and trades at its highest level since early July near 1.1800 in the European session on Tuesday.

The USD/JPY pair drifts lower for the second straight day and slides to a one-week low, further below the 147.00 mark during the first half of the European session on Tuesday.

Gold has paused its record run early Tuesday, as traders cash in on their long positions, gearing up for the top-tier US Retail Sales data and the US Federal Reserve (Fed) policy meeting, starting later in the day.

USD/ZAR remains steady near 17.34, but a dovish Fed policy statement tomorrow could spark volatility and push the Rand to fresh gains against the US dollar.

The EUR/USD pair is testing key resistance near 1.1785, with bullish momentum suggesting a possible run toward the psychological 1.20 level if the Fed confirms further rate cuts.