The EUR/JPY cross posts modest gains near 165.50 during the early European session on Tuesday. The Japanese Yen (JPY) softens against the Euro (EUR) amid the improved risk sentiment as positive developments from US-China trade talks undermine the JPY's safe-haven status.

The USD/CHF pair extends its consolidative price move through the Asian session on Wednesday and remains confined in a range held over the past two weeks or so amid mixed cues.

The Indian Rupee (INR) posts a fresh weekly high near 85.47 against the US Dollar (USD) in the opening session on Wednesday. The US Dollar trades calmly after the White House signaled a positive outcome from the two-day meeting between trade negotiators from the United States and China in London.

The GBP/USD pair extends the decline to around 1.3475 during the Asian trading hours on Wednesday. The Pound Sterling (GBP) weakens against the US Dollar (USD) due to a weaker UK employment report. Later on Wednesday, the attention will shift to the US May Consumer Price Index (CPI) inflation.

Silver price (XAG/USD) holds ground after registering over a 0.50% loss in the previous session, trading around $36.60 per troy ounce during the Asian hours on Wednesday. The price of the grey metal maintains a position near a 13-year high of $36.89, which was reached on Monday.

On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1815 as compared to the previous day's fix of 7.1840 and 7.1801 Reuters estimate.

The USD/CAD pair holds steady near 1.3670 during the early Asian session on Wednesday. Easing trade tension between the United States (US) and China could underpin the US Dollar (USD). Investors will closely monitor the result of the US-China trade talks.

The NZD/USD pair trades in positive territory near 0.6055 during the early Asian session on Wednesday. Hopes that trade talks between the United States (US) and China were going well provide some support to the China-proxy New Zealand Dollar (NZD).

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GBP/USD took a step lower on Tuesday, falling under the weight of a wide miss in UK wages and unemployment figures. US Consumer Price Index (CPI) inflation data is in the barrel for Wednesday, and Cable traders are set to grapple with mid-tier UK trade data later in the week.

The AUD/JPY advances for the fifth straight trading session, up by a modest 0.04% as Wednesday’s Asian session begins.

The Australian Dollar (AUD) is consolidating against the US Dollar on Tuesday, as AUD/USD trades above 0.6500 at the time of writing.

EUR/USD remains stable during Tuesday’s North American session as investors await updates on US-China trade talks in London and the release of the latest inflation figures in the United States (US). At the time of writing, the pair is trading at 1.1423, virtually unchanged.

The Canadian Dollar (CAD) kicked back into recent highs against the US Dollar (USD) on Tuesday, keeping the USD/CAD pair restrained below the 1.3700 handle. Markets are increasingly focused on trade headlines and looming US Consumer Price Index (CPI) inflation data due on Wednesday.

The Mexican Peso (MXN) is trading flat against the US Dollar (USD) during Tuesday’s US session, as investor focus remained on the ongoing US–China trade talks in London. 

The Japanese Yen (JPY) is steadying against the US Dollar (USD) on Tuesday, with the USD/JPY pair hovering above the 144.00 level in relatively muted trade. 

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The Japanese Yen (JPY) is strengthening against the British Pound (GBP) on Tuesday, following the release of employment data that suggests the UK economy may be under pressure.

The Euro (EUR) is also entering Tuesday’s NA session unchanged vs. the US Dollar (USD) with a modest recovery of mild late Asian/early European session weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.

The Canadian Dollar (CAD) is entering Tuesday’s NA session unchanged from Monday’s close, recovering from mild weakness observed in late Asian / early European trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.

The Euro is rallying against a weaker Pound on Tuesday, with bulls pushing against the top of last month’s trading range, at 0.8460, favoured by weak UK employment figures and positive data from the Eurozone.

USD/JPY briefly breached the psychologically significant 145.00 level before pulling back, as dovish remarks from BOJ Governor Ueda reinforced market expectations for a slow and cautious policy normalization.

US Dollar (USD) is likely to consolidate in a range of 144.00/145.00. In the longer run, increase in momentum is not sufficient to indicate a sustained advance just yet; USD must first break and hold above 145.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The US Dollar is trading without a clear bias, for the second consecutive day, against the Japanese Yen.

New Zealand Dollar (NZD) may test the 0.6070 level before levelling off against US Dollar (USD); the major resistance at 0.6095 is likely out of reach.

There is potential for AUD to test 0.6535; mild momentum suggests a clear break above this level is unlikely. In the longer run, bias remains on the upside, but it remains to be seen if AUD can break clearly above 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The AUD/USD pair flattens around 0.6500 during European trading hours on Tuesday. The Aussie pair trades in a tight range as investors have sidelined, awaiting the outcome of trade talks between the United States (US) and China in London, which started on Monday.

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Pound Sterling (GBP) is expected to trade in a range of 1.3530/1.3585 against US Dollar (USD). In the longer run, there is a chance for GBP to retest 1.3615 before the risk of a more sustained and sizeable pullback increases, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The Canadian Dollar is losing ground for the third consecutive day, with its US counterpart favoured by a moderate optimism about the outcome of the Sino-US trade talks.