Daily market news

USD/CHF declines on Tuesday to around 0.8020 at the time of writing, down 0.40% on the day, as the Swiss Franc (CHF) outperforms most of its peers. The Swiss currency benefits from rising optimism that the United States (US) and Switzerland will soon reach a trade agreement.

The Euro maintains a bid tone against the Pound, holding gains above 0.8800 for now.

EUR/USD has retraced previous losses and turned positive on the day. The pair trades at 1.1572 at the time of writing, after bouncing from 1.1545. The downbeat German ZEW Economic Sentiment Report has passed practically unnoticed,

EUR/GBP has continued higher after breaking out of its multi-month consolidation in October, setting an interim peak near 0.8820, Société Générale's FX analysts note.

The Zentrum für Europäische Wirtschaftsforschung (ZEW) will release its German Economic Sentiment Index and the Current Situation Index at 10:00 GMT later on Tuesday.

EUR/GBP rises after halting its four-day losing streak, trading around 0.8800 during the early European hours on Tuesday. The currency cross appreciates as the Pound Sterling (GBP) loses ground following the release of the United Kingdom (UK) labor market report.

The USD/CAD pair gathers strength to near 1.4035 during the early European session on Tuesday. Hopes of an end to the longest government shutdown in history provide some support to the US Dollar (USD) against the Canadian Dollar (CAD).

The United Kingdom (UK) docket has the labor market report to be released by the Office for National Statistics (ONS) on Tuesday, later this session at 07:00 GMT.

EUR/USD edges lower after four days of gains, trading around 1.1560 during the Asian hours on Tuesday. The pair holds losses as the US Dollar (USD) gains support amid growing hopes that the US government shutdown resolution is nearing.