US dollarThe market mood remains upbeat, with the dollar down and Gold resuming its rally. The precious metal is getting comfortable above $1,650. The greenback is seen weakening further across the board, trading at session lows now against the euro, while keeping at the lows against the yen and pound as well.
The GBP/USD pair gained to 1.2266 even as Prime Minister Boris Johnson was moved into intensive care overnight due to his worsening COVID-19 symptoms.
The USD/JPY pair was down to 108.81 as Japan prepared to declare a state of emergency for Tokyo and other big cities later by the end of the day.
The EUR/USD pair is trading above 1.08, up amid falling coronavirus cases in Europe.
Having dropped the previous day, WTI holds onto recovery gains for the fourth time in preceding five days, currently up 3.1% on NYMEX Futures to 29.85, in the European session on Tuesday.
On the data front, the UK Halifax House Price Index (HPI) at 07:30 GMT will be in focus this morning. The US docket also remains a light one, with US JOLTS Job openings and the private weekly inventory data from the American Petroleum Institute (API) to be the only releases.