The EUR/GBP pair drops to near two-week low of 0.8380 in Tuesday’s European session.

British Prime Minister (PM) Keir Starmer said on Tuesday, “I am beginning to see the UK’s economy turning around.” Additional comments Artificial intelligence (AI) will be a game-changer.

A bounce back for the poster boy?

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data.

They forecast the economy to contract by 0.1% in 2025

Tech shares look to rebound after a poor showing yesterday

But things are definitely much calmer compared to yesterday

The Pound Sterling (GBP) faces pressure against its major peers in Tuesday's North American session.

Latest data released by INSEE - 28 January 2025

Here is what you need to know on Tuesday, January 28: Following Monday's choppy action, the US Dollar gathers strength against its rivals early Tuesday as markets assess US President Donald Trump's latest comments on tariffs.

The US Consumer Confidence is the only highlight

A more tepid mood after the selling yesterday

FX option expiries for Jan 28 NY cut at 10:00 Eastern Time via DTCC can be found below.

In a parliamentary speech on Tuesday, New Zealand (NZ) Prime Minister (PM) Christopher Luxon said that his government will bring a relentless focus on unleashing growth to lift incomes, strengthen local businesses, and create opportunity in 2025.” He further noted that “promising signs of success were seen in 2024, such as inflation dropping and remaining low, interest rates starting to fall, wages continuing to rise faster than inflation, and business and consumer confidence rising.” .

Never a dull day since he's been in charge, eh?

Forex news for Asian trading on Tuesday, January 28, 2025

No surprises here

Chinese Foreign Ministry statement

Recent developments suggest May meeting in contention

Citing an internal memo sent by the Office of Management and Budget to agencies Monday, the Washington Post (WaPo) reported early Tuesday that “the White House budget office is ordering a pause to all grants and loans disbursed by the federal government.” Additional takeaways “Trillions of dollars could be on hold.” “Matthew J.

Wall Street Journal this time

Washington Post with the report

Microsoft is in discussions on TikTok

Japan's Economy Minister Ryosei Akazawa said on Tuesday that he ”will closely monitor the impact of the rate hike on the economy.” Separately, the Bank of Japan (BoJ) announced that it would provide JPY200 billion through the outright purchase of commercial paper.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $73.00 on Tuesday.

Reserve Bank of New Zealand speaker on Wednesday, January 29, 2025

Australian Q4 CPI preview via Commonwealth Bank of Australia

China is on holiday January 29 - February 4. HK and SG holidays are not as long.

Its Lunar New Year holidays in China

The NZD/USD pair attracts some sellers to around 0.5670 during the early Asian session on Tuesday.

National Australia Bank business survey, for December 2024

BOJ is closely monitoring service-sector inflation as an indicator of whether sustained wage growth will encourage businesses to continue raising prices, keeping inflation around its 2% target.

Food prices rose their fastest since April 2024

DeepSeek is the Chinese AI

PPI Services (Corporate Services Price Index)

Swiss National Bank (SNB) Chairman Martin Schlegel said on Monday that while the central bank does not favor negative interest rates, it cannot completely rule them out, per Reuters.

Bessent wants a gradual rise in tariffs, could go as high as 20%

Tariff man Trump ramping up the threats

The USD/CAD pair trades with mild gains around 1.4380 during the early Asian session on Tuesday.