• The dollar was trading at two-month highs against the yen on Tuesday as investors’ awaited comments from Federal Reserve Chair Janet Yellen later in the day for fresh cues on the future path of interest rates.
USD/JPY was up 0.26% at 114.33 by 03.50 AM ET (07.50 AM GMT) after rising as high as 114.48 overnight, the most since May 11.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 95.86.
The dollar was little changed against the euro, with EUR/USD at 1.1394.
• A top U.S. central banker on Tuesday said he still expected one more rise in interest rates from the Federal Reserve this year and for it to start unwinding its massive balance sheet in the next few months.
Answering audience questions at an economics event in Sydney, San Francisco Federal Reserve Bank President John Williams said he believed a recent softening in U.S. inflation was transitory and that inflation would pick up to around 2 percent over the coming year.
• A state visit to Britain by U.S. President Donald Trump will happen next year, Sky News quoted senior government sources as saying on Tuesday.
Trump's visit had been expected this year after British Prime Minister Theresa May invited the U.S. leader to Britain during their first meeting in January in Washington. But government officials had frequently said no date had been set.
• Russia confirmed on Monday that Donald Trump and Vladimir Putin had discussed forming a joint Russian-U.S. group on cyber security, an idea that has provoked uproar in Washington, but said it was only a tentative proposal.
The idea was greeted with incredulity by some senior Republicans who said Moscow could not be trusted - and the U.S. president later in the day tweeted that he did not think it could happen.
• Indians have started paying more for items ranging from movie tickets to cholesterol tests, thanks to the new goods and services tax, and that raises the prospect the central bank will grow more cautious about cutting interest rates deeply.
Increases in charges for services, if sustained, threaten to push up core inflation, which excludes food and energy prices. Nomura estimates the annual core rate could rise as much as 60 basis points.
• German firms have lost millions of euros to organized crime in a scam dubbed "CEO Fraud" that uses faked memos from top executives to entice accounting personnel to transfer funds, Germany's federal cyber agency said on Monday.
• The European Union's economic leaders called on Monday for euro zone countries with high growth to spend more, an attempt to persuade Germany to step up its public spending and strengthen the bloc's economy.
• German exports rose more strongly than expected in May, outpacing a solid increase in imports and widening the trade surplus of Europe's biggest economy, data showed on Monday.
Seasonally adjusted exports climbed 1.4 percent - their fifth consecutive monthly increase - while imports were up 1.2 percent, data from the Federal Statistics Office showed.
Both figures came in stronger than expected: A Reuters poll had pointed to exports edging up 0.3 percent and imports rising by 0.5 percent.
The seasonally adjusted trade surplus edged up to 20.3 billion euros from a revised 19.7 billion euros in April. The May reading was in line with the Reuters consensus forecast of 20.3 billion euros.
Germany's wider current account surplus, which measures the flow of goods, services and investments, rose to 17.3 billion euros after a revised 14.9 billion euros in April, unadjusted data showed.
• Japan and its international allies will push for Russia to do more to rein North Korea's nuclear ambitions, a Japanese official said during a visit to Denmark on Monday.
• Oil prices edged up on Tuesday, lifted in part by a strong demand outlook for the coming weeks, but overall market conditions remain weak on the back of ample supplies and a more subdued outlook for long-term demand.
Brent crude futures were at $47.07 per barrel at 0359 GMT, up 19 cents, or 0.4 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures were at $44.56 per barrel, up 16 cents, or 0.4 percent.
• Traders said the uptick in prices was in part due to healthy demand expected in the coming weeks.
Reference: Reuters, Investing, CNBC
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