The US Dollar (USD) Index strengthens on Tuesday, benefiting from a shift towards risk aversion. Economic data releases from Europe, Canada, and the UK will be closely watched by investors. The article analyzes currency movements, citing Trump's tariff comments and the UK's jobs report as contributing factors.
Here is what you need to know on Tuesday, January 21: After declining sharply on the first trading day of the week, the US Dollar Index benefits from the souring risk mood and gathers bullish momentum on Tuesday. The European economic docket will feature ZEW Survey - Economic Sentiment data for Germany and the Eurozone. Later in the day, December Consumer Price Index data from Canada will be watched closely by investors.
USD/MXN turned north as Trump's tariff comments weighed heavily on the Mexican Peso. The pair was last seen gaining more than 1% on a daily basis at 20.7640. EUR/USD registered strong gains on Monday but lost its traction early Tuesday. At the time of press, the pair was down about 0.4% on the day at 1.0375. Gold closed marginally higher on Monday and gathered bullish momentum early Tuesday. XAU/USD was last seen trading at its strongest level since early November above $2,725.
US Dollar Risk Sentiment Economic Data ZEW Survey CPI Job Report Tariffs
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump rallies conservatives, eyes economic boom and foreign policy triumphsDonald Trump suggested that his new administration could try to regain control of the Panama Canal.
Read more »
Trump rallies conservatives, eyes economic boom and foreign policy triumphsDonald Trump suggested that his new administration could try to regain control of the Panama Canal.
Read more »
Trump rallies conservatives, eyes economic boom and foreign policy triumphsDonald Trump suggested that his new administration could try to regain control of the Panama Canal.
Read more »
Trump rallies conservatives, eyes economic boom and foreign policy triumphsDonald Trump suggested that his new administration could try to regain control of the Panama Canal.
Read more »
Trump rallies conservatives, eyes economic boom and foreign policy triumphsDonald Trump suggested that his new administration could try to regain control of the Panama Canal.
Read more »
Trump rallies conservatives, eyes economic boom and foreign policy triumphsDonald Trump suggested that his new administration could try to regain control of the Panama Canal.
Read more »