• Optimism in the U.S. about economic growth is boosting business confidence, a survey of chief executive officers showed.
According to YPO, an organization for business leaders, an indicator of U.S. economic confidence reached in the fourth quarter of , its largest single-quarter gain in five years from in the third quarter.64.6201660.4
• President Donald Trump, who took office last month, has raised expectations that promises of lower taxes, less regulation and higher spending will spur the economy.
• The yen held large gains against a number of peers on Tuesday as investors sought refuge in the safe-haven Japanese currency amid a latest rise in European political concerns.
The dollar traded at yen JPY= after slipping to , its lowest since Nov. The euro fetched yen EURJPY= following a dip earlier to a two-month low of 111.930111.59028. 119.910119.750.
It also attracted demand thanks to the latest rise in investor caution toward European political developments generated after France's far-right National Front leader Marine Le Pen on Monday launched her presidential bid, vowing to fight globalization and take France out of the euro zone.
• China's currency is expected to fall to a near decade-low in the year ahead, according to a Reuters poll of FX strategists, as authorities struggle to stem capital outflows and despite the central bank's surprise short-term interest rate hikes.
• Oil was stable on Tuesday after falls the previous session, with markets torn between mixed price indicators that have kept crude range-bound for much of the year.
Brent crude futures LCOc, the international benchmark for oil prices, were trading at per barrel at GMT, up cents from the last close.1$55.7707535
U.S. West Texas Intermediate (WTI) crude futures CLcwere up cents at $a barrel.1 4 53.05
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