Mexican Peso (MXN) falls on Tuesday, extending its losses against the US Dollar (USD) in the early morning North American session after the USD/MXN briefly tested the 200-day Simple Moving Average (SMA), a critical resistance level.

The Canadian Dollar (CAD) eased back further on Tuesday before making a late rebound on the day, shedding a third of a percent against the US Dollar (USD) before paring back the day’s declines to a more manageable level.

The AUD/USD prolonged its agony during the North American session after the Reserve Bank of Australia (RBA) kept interest rates unchanged, setting the Aussie Dollar (AUD) faith, spurring losses of more than 0.70%.

In Tuesday's session, the XAG/USD metal is experiencing a downtrend, trading around the $24.18 mark.

The US Dollar (USD) appreciates significantly in the European trading session on Tuesday after rating agency Moody’s downgraded China’s credit outlook from stable to negative due to rising debt.  More US Dollar

The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the US Bureau of Labor Statistics (BLS).

United States RealClearMarkets/TIPP Economic Optimism (MoM) came in at 40 below forecasts (45.2) in December

Economic activity in the services sector expanded in November for the 11th consecutive month.

United States JOLTS Job Openings below expectations (9.3M) in October: Actual (8.733M)

United States ISM Services PMI above forecasts (52) in November: Actual (52.7)

United States ISM Services Prices Paid: 58.3 (November) vs previous 58.6

United States ISM Services Employment Index increased to 50.7 in November from previous 50.2

United States ISM Services New Orders Index remains at 55.5 in November

- EUR/USD loses further momentum and challenges 1.0800. - Extra declines look likely once 1.0800 is cleared.

DXY extends the upside bias so far this week and flirts with multi-session tops in the 103.80/85 band on Tuesday.

United States S&P Global Composite PMI remains unchanged at 50.7 in November

United States S&P Global Services PMI meets forecasts (50.8) in November

Oil prices are starting to look heavy as Crude prices snap the current floor around $74. Recent headlines that confirm Russian President Vladimir Putin is due to meet the Saudi Crown Prince Mohammed Bin Salman to discuss OPEC+ cooperation

New Zealand GDT Price Index up to 1.6% from previous 0%

EUR/JPY retreats for the seventh session in a row and breaches the key support at 159.00 the figure on Tuesday.

UOB Group’s Head of Research Suan Teck Kin, CFA, and Associate Economist Jester Koh comment on the recent publication of Q3 GDP readings in India.

United States Redbook Index (YoY) fell from previous 6.3% to 3% in December 1

The Euro (EUR) continues to face downward pressure against the US Dollar (USD), prompting EUR/USD to revisit the proximity of the 1.0800 region, where some decent contention seems to have emerged so far on Tuesday.

Dollar recovery fails at 147.45 and keeps bears in charge.

Euro recovery attempts fail below 0.8600. Eurozone Services PMI revised higher, yet into contraction levels.

Economist at UOB Group Enrico Tanuwidjaja and Junior Economist Agus Santoso review the latest inflation figures in Indonesia.

Gold is pulling moderately lower, with the US Dollar favoured by the risk-off sentiment.

Brazil Gross Domestic Product (YoY) above forecasts (1.9%) in 3Q: Actual (2%)

Brazil Gross Domestic Product (QoQ) registered at 0.1% above expectations (-0.2%) in 3Q

Economist at UOB Group Lee Sue Ann expects the RBI to maintain its policy rates unchanged at 6.50% at its event later in the week.