FxAnalysis

The Euro (EUR) shook off its sluggish start to the week on Tuesday, with EUR/USD powering higher to multi-day peaks, coming within touching distance of the key 1.1700 mark.

Gold trades with a softer tone on Tuesday, falling to a fresh one-week low of $3,331.12 in the American session. The US Dollar (USD) gathered momentum following the release of United States (US) data, finding additional legs in political headlines.

The USD/BRL hovers near 5.4000, aligning with broader USD weakness after soft U.S. inflation data, as traders eye potential dips toward 5.3760 while maintaining cautious risk management.

EUR/USD gains on weaker US CPI, testing the 1.1700 resistance as traders watch German inflation data and Fed commentary for the next directional cue.

USD/SGD hovers near 1.28200 after U.S. inflation data boosted Fed rate cut expectations, with traders eyeing a potential test of the 1.28000 support zone.

Ethereum continues to push higher after breaking $4,000, with traders eyeing $5,000 as Bitcoin struggles at $120,000, and key support zones at $4,000 and $3,400.