Positive US fundamentals rendered substantial support to the American dollar.
Euro: The announcements, regarding the tightening of the monetary policies in China, which were released on Tuesday, strengthened the shelter-currencies and reduced the demand for the high-risk assets.
And the published Euro-zone news, which turned out to be positive, did not succeed in supporting the euro. The IFO-business climate indicator in Germany for January resulted at the level of 95,8 against the forecast of 95,1.
The EUR/USD pair dropped to its trading day minimum at the level of $1,4070.
US Dollar: The US dollar consolidated against the background of the tightened monetary policies in China and due to the released positive news in the US. The consumer confidence indicator for January turned out to be at the level of 55.9 while the forecast was at the 53.5 level. The house price index for November resulted at the level of 0.7% against the predicted level of 0.2%.
British Pound: The sterling was under pressure on Tuesday after the released UK data. In particular, the GDP showed growth only for 0.1%, when the expected increase was at the 0.4% mark. As a result, the sterling demonstrated a sharp decrease.
And the GBP/USD pair dropped and reached the minimum of $1,6100.
Japanese Yen: The information, that the rating agency S&P reduced the forecast of the credit rating of Japan, rendered a temporary pressure on the yen.
At the same time the Bank of Japan left the principal rate unchanged at the level of 0.10%.
The USD/JPY pair established its minimums at the Y89,32 mark.
Oil: Against the background of the US dollar growth, the oil rate traded with a decrease during the whole day. The oil price dropped to the level of $74.43 per barrel.
Gold: The strengthened US dollar also influenced the gold prices. The gold rate decreased to the level of $1,089.90 per ounce.
