United States 3-Year Note Auction down to 3.485% from previous 3.669%

The Dow Jones Industrial Average (DJIA) briefly tested the high side on Tuesday, bolstered by sharp downward revisions in US job hiring over the past 18 months.

The Japanese Yen (JPY) trims gains against the US Dollar (USD) on Tuesday, with USD/JPY climbing back above the 147.00 psychological mark after briefly hitting its lowest level since August 14, around 146.31.

Gold (XAU/USD) surged to a fresh all-time high near $3,675 on Tuesday before paring most of its intraday gains. The metal was last seen trading around $3,640, easing after its latest push into record territory.

GBP/USD retreats during the North American session after the latest Nonfarm Payrolls revision, which was worse than expected. At the time of writing, the pair trades at 1.3542 after hitting a daily high of 1.3590, down 0.01%.

The Euro (EUR) edges lower against the US Dollar (USD) on Tuesday, with EUR/USD snapping a two-day winning streak as the Greenback found renewed demand in the wake of the US Nonfarm Payrolls (NFP) benchmark revision.

The Euro (EUR) trades in a climate of growing nervousness on the markets on Monday, with the EUR/USD pair close to 1.1750, down a slight 0.15% on the session.

The US Bureau of Labor Statistics (BLS) reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark revision to total Nonfarm employment for March 2025 is -911,000, or -0.6%.

Gold gathers bullish momentum and hit a new record-high of $3,674 on Tuesday. At the time of press, XAU/USD was up 0.85% on the day at $3,666.

The Swiss Franc (CHF) softens slightly against the US Dollar (USD) on Tuesday, with the USD/CHF pair stabilizing after a two-day decline, as the Greenback attempts to recover from seven-week lows.

United States Redbook Index (YoY) rose from previous 6.5% to 6.6% in September 5

The Chinese offshore currency (CNH) is trading in relative stability on Tuesday, with the USD/CNH exchange rate at 7.1134, down less than 0.1% on the session, as markets turn their focus towards China's inflation figures for August, which will be published early on Wednesday (01:30 GMT).

GBP/JPY is trading lower on Tuesday, extending its pullback from Monday’s 14-month high near 200.35, as investors reassess the monetary policy outlook on both sides of the cross.

Mexico Headline Inflation in line with expectations (0.06%) in August

Mexico 12-Month Inflation meets expectations (3.57%) in August

Mexico Core Inflation above expectations (0.2%) in August: Actual (0.22%)

The price of Copper fell below the $10,000 per ton mark again on Friday following the release of US labor market data, Commerzbank's commodity analyst Barbara Lambrecht notes.

The EUR/USD is posting marginal losses, trading near 1.175 ahead of Tuesday's US session opening, following a 1% rally over the last two trading days.

The Pound Sterling (GBP) extends its winning streak for the third trading day against the US Dollar (USD) on Tuesday.

The Japanese Yen (JPY) is strong, up 0.7% against the US Dollar (USD) and outperforming all of the G10 currencies as we head into Tuesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Gas imports also rose sharply in August, climbing 11.5% month-on-month to almost 12 million tons, Commerzbank's commodity analyst Carsten Fritsch notes.

The Pound Sterling (GBP) is up 0.3% against the US Dollar (USD) and outperforming most of the G10 currencies as we enter Tuesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The USD/CAD pair trades in a tight range inside Monday’s range around 1.3800 during the European session on Tuesday. The Loonie pair consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) benchmark revision report, which will be published at 14:00 GMT.

As transport data had previously indicated, China imported significantly more coal in August than in previous months: according to data from the Chinese customs authority, 42.7 million tons of coal were imported, the highest level since December last year, Commerzbank's commodity analyst Barbara Lam

The Euro (EUR) is quietly consolidating its recent gains and trading at fresh one month highs vs. the US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Euro reversal from 173.90 highs against the Yen is extending 0.73% lower so far on Tuesday, reaching one-week lows at 172.20 so far, as the JPY appreciates across the board following hawkish comments by BoJ officials. 

Part of the crude Oil imports in recent months has also gone into stockpiling, Commerzbank's commodity analyst Carsten Fritsch notes.

The Canadian Dollar (CAD) is dead flat on the session, with neither the generally softer USD tone nor the bid for its commodity cousins helping lift sentiment (AUD/CAD trading near its highest since late 2024), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

China imported 49.49 million tons of crude oil in August, according to data from the Chinese customs authority, Commerzbank's commodity analyst Carsten Fritsch notes.

The US Dollar (USD) is trading lower overall ahead of this morning’s event risk.